168, Balgores Lane, Gidea Park, London Borough of Havering – Retail Premises

604 Sq Ft
  • Type: Office, Retail
  • Availability: For Sale
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Property Features

  • Former butchers shop with rear / side stores yard and parking space
  • Excellent corner position in Gidea Park (London Borough of Havering) and a short distance from Gidea Park Elizabeth Line station
  • Potential for a variety of commercial uses (shop, clinic, dental, medical, office, etc) or reconfiguration / development (STP)
  • Retail premises offered with vacant possession on freehold basis
  • Upper floor flat sold off on long leasehold basis

Property Summary

Corner Position Ground Floor Retail Premises in Gidea Park (freehold offered with upper floor flat sold off on long lease)

Full Details

The property comprises of a corner positioned end of terrace property of traditional brick construction. The available accommodation includes the ground floor, rear / side external stores (approximately 275 sq ft) and yard. The upper floor flat has been sold off on a long leasehold basis.

The retail premises was used as a butchers shop for many years. The internal shop accommodation includes a front sales area and rear preparation area. The property includes a front shop window, tiled floor and walls, strip lights, 3-phase electricity, kitchenette, and cold store.

Externally the is a rear yard, external stores to the side and further rear store to the far rear end of the site.

The property is located on the corner of Balgores Lane and Fairholme Avenue in the Gidea Park area of Havering. Balgores Lane leads to Main Road (A118) which provides access to Romford town centre and Gallows Corner roundabout.

Gidea Park is an affluent suburban area close to Romford. The property is located within the main retailing centre close to Gidea Park station. Nearby occupiers include Kervan Kitchen, T.A. Newman & Sons Funeral Directors, newsagents and various coffee and food uses.

Gidea Park station is located 100m away and Romford town centre / train station is approximately 1.5 mile east (both offering access to the Elizabeth Line). The A12 and M25 are within good access for routes around greater London and Essex.

Rateable Value
From information obtained from the Valuation Office Agency website the demises are rated as follows:-

Address: 168 Balgores Lane, Romford, RM2 6BS
Description: Shop and premises
Rateable Value: £20,000

We would advise prospective parties to verify the matter with the local rating office.

The ground floor commercial unit is understood to have A1 Retail consent. Under the changes to the Use Class Order effective from 1st September 2020, we understand that these premises now benefit from an E class planning consent. This allows the premises to be used for the former A1 (retail), A2 (financial and professional), A3 (restaurant), B1 (offices), and D1 (clinics, health centre and day nursery) uses, without the need for a change of use. Interested parties are advised to satisfy themselves with Havering Planning Department that their use is acceptable under these new changes.

In our view the property offers potential to extend or reconfigure, however we advise prospective purchasers to make their own enquiries and take professional advice.

The property will be sold on a freehold basis. Freehold - Title number: EGL458288. The former butchers premises (shop, rear stores, and yard) will be offered with vacant possession. The upper floor flat is sold off on a 125 year lease (from 1st January 1996) with a ground rent of £56 per annum

£285,000. VAT is NOT payable on the purchase price.