Light industrial for sale in Southchurch Road, Southend-On-Sea, Essex SS1
* Calls to this number will be recorded for quality, compliance and training purposes.
Property features
- Investment
- Freehold
Property description
Description:
A mixed investment opportunity comprising 2 shops, one let with an income of £18,000pa & the other vacant, with four 1 bedroom flats above producing a ground rent of £1,360a pa, & therefore a yield of approx. 5% on the asking price.
Property
All measurements are approximate & have been measured on a gross internal basis:
24 Southchurch Road (Retail Shop): 511 Sq.Ft.
26 Southchurch Road (Take Away/Restaurant) 990 Sq.Ft.
Both have rear parking with vehicular access.
Features
Mixed Investment Opportunity
Comprising 2 Shops & 4 Flats
Adjacent City Centre
Rent Roll £19,360PA
Yield Of 5% On Asking Price
Walking Distance Of Both Stations
Viewing Arrangements
All viewing arrangements of the commercial space are via Gerard Biagioni of Dedman Gray Property Consultants on .
Tenure
Freehold, subject to the tenancies referred to.
Tenancy Schedule
24 Southchurch Road: Vacant. (erv Approx £10,000pa)
26 Southchurch Road: 20 year lease from 28th June 2013. Rent £18,000pa with 5 yearly rent reviews, the next in June 2023.
Flat numbers 1,2 & 4 were sold on long leases from 5th October 2007 for 125 years, each producing a ground rent of £340pa. The lease in respect of flat 3 was granted for 99 years from 1st July 2004 with a ground rent of £340pa.
Legal Fees
Each party is to be responsible for their own legal fees.
Property info
For more information about this property, please contact
Dedman Gray, SS1 on +44 1702 787851 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Dedman Gray, and do not constitute property particulars. Please contact Dedman Gray 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.