Freehold Retail Premises in Gidea Park Sold!

Greater London Commercial are pleased to confirm the successful sale of the freehold retail property at 169 Balgores Lane, Gidea Park in Havering.

We acted for a private vendor, selling the freehold interest which includes a ground floor retail premises with the upper floor flat sold off on a long leasehold basis. The ground floor shop was offered vacant having most recently been owner occupied as ‘Williams Butchers.’

The property in the heart of Gidea Park’s main retailing area, and attracted interest from investors and owner occupiers. The property was well located for Gidea Park’s Elizabeth Line station. We were of the opinion that the property should be capable of being let at a rent around £20,000 pa.

The property attracted good interest and best bids were requested. We understand the buyer intends to re-let the premises for investment purposes.

We are very pleased to have completed this retail property sale for our client. If you are thinking of selling your commercial property in Greater London give us a call for a no-obligation market appraisal!