A mixed-use freehold property arranged over ground, basement and upper parts:
Ground floor / retail level - Sales area/shop frontage to The Broadway with rear stores and W.C. providing core retail accommodation.
Upper parts - Self-contained 3-bed maisonette (access from rear) comprising kitchen, living room and three bedrooms.
Basement self-contained store
Location
23 The Broadway sits on the principal shopping parade in Elm Park, immediately adjacent to Elm Park Underground Station (District line) — the station address is on The Broadway, Zone 6. The property benefits from frequent local bus services at Elm Park (near the station), providing direct links to Romford, Hornchurch, Rainham and surrounding neighbourhoods. For journeys into central London, Elm Park is served by the district line with typical journey times to key central locations of around 35–40 minutes (Liverpool Street / Tower Hill).
Romford town centre (mainline rail, shopping and bus interchange) is approximately 2–3 miles north and is readily reachable by the frequent local buses or a short car/taxi ride. Good road connectivity — the site sits close to the A125 (Upper Rainham Road) with easy access to the wider east-London/Essex corridors (A13 / A127) via the local road network, making it straightforward for staff, deliveries and customers travelling by car.
Accommodation
Shop (sales area): 32.85 m² / 353.59 ft²
Rear store: 4.66 m² / 50.16 ft²
Kitchen store: 8.27 m² / 89.02 ft²
W.C.: 2.129 m² / 22.92 ft²
Ground total 47.909 m² / 515.69 ft²
Maisonette total: 48.836 m² / 525.67 ft²
Basement self-contained store: unmeasured (area not provided)
Terms
Tenure -The sale will be by way of freehold subject to contract — purchaser to verify tenancy documentation and title.
Guide Price - £525,000
Approximate current gross income schedule (as provided):
Ground floor shop: £16,200 per annum (pax)
Basement: £6,600 per annum (pax)
3-bed maisonette: £12,000 per annum
Total current income: £34,800 per annum.
n.b. All tenants are on yearly agreements.
Legal Cost - Each party to pay for their own legal fees
Anti-Money Laundering - Due to recent changes in the Anti Money Laundering regulation, it is now standard procedure to undertake a Personal and Company and general AML checks, admin cost of £350 + VAT.
Holding Deposit - Tenants wishing to secure this property may be required to pay a holding deposit to Countrywide Commercial of £3000. This deposit is not refundable except if the vendor withdraws, clear title cannot be proven or the tenant’s references, AML, and Credit checks are not acceptable to the landlord. This deposit is held in our client’s account until completion.
Specification
- Attractive passing income: £34,800 pax (shop £16,200; basement £6,600; 3-bed maisonette £12,000).
- Mixed-use asset — retail ground floor with ancillary basement and a self-contained 3-bed maisonette above.
- Prominent Broadway position with pedestrian footfall and local services nearby.
- Suitable for owner-occupier or investor — immediate income with potential to enhance value through active asset management.
- Freehold Investment Sale
- All tenancies are on yearly agreements.
- Guide price: £525,000 — offered subject to contract.