Summary - TOLLGATE HOUSE, 96, MARKET PLACE RM1 3ER
1 bed 1 bath Commercial Property
**Standout Features:**
- Two commercial units totaling 2,386 sq ft.
- Strong rental income currently producing £27,000 p.a.
- Strategic location in Romford town center, with excellent transport links.
- Undergoing conversion of upper floors to residential, enhancing value potential.
- Built in 2006, offering a modern brick facade.
**Concerns:**
- Subject to public auction on April 3rd, adding urgency for buyers.
- Building work in progress may affect immediate use.
- VAT applicable to sales price.
Unit 1 & 1a Tollgate House presents a prime commercial investment opportunity in the bustling heart of Romford, Essex. This expansive property encompasses two sizeable units, with Unit 1 covering 1,611 sq ft and Unit 2 at 775 sq ft. With current rentals totaling £27,000 per annum, this asset is an attractive choice for investors seeking steady income, particularly with Unit 1 let on a rolling 18-month contract and Unit 2 securely tenanted for 5 years.
Beyond its financial appeal, the units are situated in a prominent urban location with easy access to the A12 and Romford Railway Station, ensuring foot traffic and visibility. The ongoing renovations to convert the upper floors into residential apartments present further opportunity for long-term growth and diversification. However, potential buyers should consider the building works that may disrupt current use and the accompanying VAT on the sale price. Overall, this commercial property strikes a balance between immediate profits and future potential, making it a must-see before auction day!
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