Skip to main content

No longer on the market

This property is no longer on the market

1 jpg
2 jpg
3 jpg
4 jpg
5 jpg
6 jpg
7 jpg
8 jpg
9 jpg
10 jpg
11 jpg
12 jpg

3 bedroom property

Property
3 beds
Added > 14 days

Key information

TenureAsk agent
Council taxAsk agent

Features and description

  • Freehold mixed use investment
  • Part let to Superdrug Stores Plc until 2025
  • Alternative use and development potential (subject to consents)
  • Currently producing £130,000 per annum (part vacant)
  • On the instructions of James Liddiment and Paul Greenhalgh of Duff & Phelps as Joint Fixed Charge Receivers
  • Online Auction on Wednesday, 04 November 2020

A prominent corner building of traditional construction arranged over basement, ground, first and part second floors. The building comprises storage at basement level with retail accommodation on the ground floor and there is separate access to the first floor, which is currently arranged as a banqueting hall for private events and functions. The part second floor provides residential accommodation in the form of one 3 bedroom flat and one 2 bedroom flat. The upper floors and basement may offer alternative use potential or potential for further development, subject to obtaining the necessary consents.


Location:

The London suburb of Forest Gate lies about 7 miles north east of central London and is bordered by Manor Park to the east and Stratford town centre to the west. It can be accessed vi the A114 and A118, both of which provide direct access to the A12 to the north and west respectively. The area is served by Forest Gate station, which provides direct services to London Liverpool Street and Wanstead Park station. which provides regional overland services between Gospel Oak and Barking. The area is also well served by numerous bus routes.

Romford Road forms part of the A118 and is the principal retail area in Forest Gate. The property commands a prominent location at the junction of Romford Road and Woodford Road (A114) in a mixed commercial and residential area. Nearby occupiers include Iceland, Ladbrokes, Poundland, Tesco Express, KFC and Barclays.


Tenancy:

For the year ending 28/12/2019, Surperdrug Stores Plc reported a turnover of £1,303,797,000, a pre-tax profit of £89,398,000 and shareholders' funds of £316,911,000 (Source: Companies House).


Online Auction on Wednesday, 04 November 2020. For further information, such as legal documents and property information, please visit bidx1.com.
Visit agent website

About this agent

BidX1 - Nationwide Auctions
BidX1 - Nationwide Auctions
Henry Wood House, 4-5 Langham Place London W1B 3DG
020 8033 0374
Full profileProperty listings
BidX1 are market-leaders in the digitalisation of property transactions, allowing buyers and sellers across the globe to complete transactions online in the most efficient and transparent manner. We combine industry-leading property expertise with proprietary technology to provide unparalleled levels of transparency, analytics and global reach, challenging the traditional process of marketing and transacting real estate. Our technology facilitates end-to-end online transactions, from listing to exchange of contracts.  To date BidX1 has sold over 20,000 properties through their digital platform, attracted visitors from 173 countries and buyers from 32 countries. A total value of £4 billion worth of property sold has been sold via our digital platform.  BidX1 currently operates in the UK, Ireland, and Cyprus, with further expansion into other European markets planned to meet the demand for an alternative to existing sale processes. BidX1 has a varied customer base, including multiple institutional investors, banks, listed vehicles, receivers, liquidators and propcos, as well as individual private sellers wishing to avail of the transparency and data that the digital platform provides.  Their innovative approach has earned them recognition in the form of a number of accolades, including the Irish Times' New Frontiers Award 2018 and the Investment Award 2018 at the Estates Gazette Tech Awards. BidX1 has also been shortlisted for Newcomer of the Year and Proptech Innovator of the Year at the Property Awards 2019 as well as for Proptech Company of the Year at the PROPS Awards 2019.
... Show more

See more properties like this

*Disclaimer and call rate information...