SOLD
ON BEHALF OF A PRIVATE CLIENT
St James House
27-43 Eastern Road, Romford, RM1 3NH
St James House is a prime freehold reversionary 43,897 sq ft multi-let office building in Romford’s commercial hub.
Located in the well-established commercial and retail hub of Romford.
Situated less than 2 minutes’ walk from Romford Railway Station offering regular Greater Anglia and Elizabeth Line services into Central London (17 mins).
43,897 sq ft multi let office building with a 28-space car park.
Current rent of £776,484 per annum.
Freehold.
Significant reversionary potential with office rents in Romford exceeding £20 psf.
Longer term potential for conversion to residential use subject to the necessary planning consents.
Offers in excess of £8,500,000 (EIGHT MILLION FIVE HUNDRED THOUSAND POUNDS) subject to contract and exclusive of VAT.
Net initial yield of 8.5% and a potential reversionary yield of 9.1% after allowance for purchasers costs of 6.8%.
