Retail premises for sale in West Street, Southend-On-Sea, Essex SS2

Offers in region of £375,000 (£192.11/sq. ft)
Retail premises for sale 1,952 sq. ft*
Interested in this property? Call +44 1702 787851 * or Request Details

* Calls to this number will be recorded for quality, compliance and training purposes.

Property features

  • Investment
  • Ground Level
  • 1952 Approx Sq Ft

Property description

Location:<br/>Southend on Sea is approx. 45 miles from Central London & 20 miles from Chelmsford and enjoys excellent road and rail links. Located on West Street on the western side of Victoria Avenue being the main Arterial Route into Southend which then sells first class public transport facilities.<br/><br/>description:
An attractive investment opportunity producing approx. £23,520 per annum. The investment comprises three units, one being let to William Hill, and the others to local operators. We believe that all three premises are under let and all have outstanding rent reviews which will therefore an increase in the overall rental income. In addition, an advertising board on the side of unit 8 produces £600 pa on an informal arrangement.

Accommodation

All areas are approximate and taken from the Valuation Office Authority estimations:

Unit 2-4 (William Hill) - Overall = 1,231 sq. Ft. (114.4 sq. Ms.)
Unit 6 (Boux Beauty) - Overall = 358 sq. Ft. (33.3 sq. Ms.)
Unit 8 (Blow) Overall = 363 sq. Ft. (33.8 sq. Ms.)

Features

Investment Opportunity
Freehold
Three Commercial Units
Total Income Approx. £23,520 pa
Outstanding Rent Reviews
Close to Southend Victoria Train Station

Terms

The freehold is available to buy for offers in the region of £375,000 (VAT not applicable).

Tenancy Schedule

Full lease terms and tenancy schedule are available upon request.

Business Rates

The properties are entered on the 2017 rating list with the follow descriptions and rateable values:

2-4 West Street - Shop and Premises with a current rateable value of £12,750.
6 West Street - Shop and Premises with a current rateable value of £3,750.
8 West Street - Shop and Premises with a current rateable value of £3,800.

Interested parties are advised to seek verification from Southend On Sea Borough Council Business Rates department.

Services

Although we are advised that the unit benefits from main services, we would recommend that all interested parties check with the relevant statutory authorities as to the existence, adequacy or otherwise of these.

Energy Performance Certificate

All units require a new energy performance survey to be conducted and will be commissioned in due course.

Legal Fees

Each party to be responsible for their own legal costs.

Viewing

By prior appointment with Dedman Gray Commercial on .

Property info

* Sizes listed are approximate. Please contact the agent to confirm actual size.

Arrange Viewing

For more information about this property, please contact
Dedman Gray Property Consultants Ltd, SS1 on +44 1702 787851 * (local rate)

Contact Dedman Gray Property Consultants Ltd about this property

Enter details
    Morning (8am-noon)
    Afternoon (noon-5pm)
    Evening (5pm-9pm)
  1. Characters remaining: 500

By submitting this form, you accept our Terms of Use and Privacy Policy. When you click 'Send message''Request valuation', we will pass your personal data to the selected estate agents so that those agents can respond to your request for information or to arrange a viewing. valuation request.

Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Dedman Gray Property Consultants Ltd, and do not constitute property particulars. Please contact Dedman Gray Property Consultants Ltd for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

Properties on the market nearby

9 more properties like this

View all West Street commercial properties for sale