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Hambros are pleased to announce the successful completion of a £2.7m bridging facility to a major developer whilst they restructure and refinance the asset, known as Atlanta Boulevard in Romford.
Having successfully provided the bridging facility for drawdown in late 2019, Hambros are delighted to report that the developer has successfully completed their refinance and restructure and have fully paid back the facility including all interest charges and fees.
Atlanta Boulevard consists of a tertiary retail parade with residential and office upper level units to the south of Romford Railway Station. In front the site sits open bus stands and a supermarket and gym. Atlanta Boulevard consists of varying retail operators on the ground floor, offices on the first floor and 6 residential units above that.
The site is extremely well situated as it neighbours Romford Railway Station. A future Crossrail station that already provides high speed links into London (Stratford or London Liverpool Street). Romford is a historic market town and is now the principal town in the London Borough of Havering. It is identified as a metropolitan centre in the London Plan. Romford offers a vast amount of shopping options and is the 4th largest retail centre in London. Romford is a bustling town centre in its own right but also homes an abundance of commuters given the excellent transport links into central London.
The site is currently valued at £3.5m.