The property comprises a single-storey office building and land on a site measuring approximately 2,614 square feet (242.8 square metres / 0.06 acres) which could be potentially developed, subject to planning permission. The property is currently producing £4,800 per annum and there is an outstanding rent review dating back to September 2015 and every 3 years thereafter, with the lease ending in 2031. The property will be offered freehold in the next Allsop auction as Lot 34 with a guide price of £50,000 and provides a rare opportunity to acquire commercial property of this size and affordability within the M25.
A permitted development application has been submitted for conversion of the existing building to provide 3 x one bedroom flats. A decision is yet to be made. The property was previously granted planning permission (Ref: P1792.03) dated 13th November 2003 for additional office accommodation. This consent was not implemented and has now lapsed.
Viewings are strictly to be arranged through joint agents Harston&Co or Allsop LLP.
The property is located to the rear of 19 The Parade. Local shops and amenities are available along The Parade, with the further and more extensive facilities of Harold Wood being accessible to the south. The nearby Colchester Road (A12) provides access to the M25 Motorway (Junction 28) to the east and central London to the west. Harold Wood Rail Station is to the south and the open spaces of Central Park are within walking distance.
Units & floor plans
* All floor areas subject to measurement on practical completion
Plan for Rear Office at 19 The Parade
Rear Office at 19 The Parade
Find out more information about this building's development and technical spec.
Freehold single-storey office building currently producing £4,800 per annum. To be offered for sale with a guide price of £50,000 in the Allsop auction (Lot 34) on Thursday 31st May 2018, unless sold prior.
Subject to contract and exclusive of VAT
Harston&Co on its behalf and for the vendors or lessors of this property whose agents they are, give notice that:
The particulars within this document are for general guidance only and do not constitute any part of an offer or contract for sale or lease.
Any statements or representations should not be relied upon as fact, and any interested parties should satisfy themselves as to the accuracy of any statement.
Unless otherwise stated, all prices and rents are exclusive of VAT and are subject to change.
Harston&Co is the trading name of Harston Property Ltd registered in England No: 10618714.