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Our Summary
- An exceptional freehold mixed-use investment opportunity situated in a highly prominent position on the ever-busy Romford Road High Street, benefiting from excellent visibility, strong passing footfall, and significant long-term upside potential
- The commercial space further benefits from private WC facilities, a mini kitchen/staff area, and flexible internal accommodation suitable for a variety of business uses (subject to the relevant consents)
- A key feature of this property is its substantial rear land and development potential
- Given the significant development and regeneration within the surrounding area since the original approval, there is believed to be a strong possibility of securing planning permission again, creating a compelling opportunity to substantially increase rental income and capital value (STPP)
- Currently producing strong investment yields of approximately 7–8%, the asset also offers clear scope to enhance returns to 10%+ through redevelopment, refurbishment, or further optimisation
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Description
The property is a large freehold with a mixed-use layout, situated on Romford Road High Street. It consists of a spacious ground floor commercial unit with a full-height glass frontage, private WC facilities, and flexible internal accommodation. A 2-bedroom residential flat is located to the rear, accessed via a private side entrance and offering a modern standard finish, a separate kitchen, and private porch space.
The flat also has direct access to a large rear garden extending to approximately 100 sqm. Additionally, the property features a third-floor 3-bedroom flat sold on a long lease and a substantial rear land area with development potential, previously benefiting from planning consent for additional flats.