Commercial property for sale in Bridge Road, Grays RM17
* Calls to this number will be recorded for quality, compliance and training purposes.
Property features
- Investment let at £15,000
- P.a. (11.11% giy on guide)
- New 999 year lease (virtual freehold) to be granted on completion
- 2022 rent review outstanding
- Located in an established parade in a predominantly residential area.
- No VAT
Property description
Strapline
Auction Sale - 18/04/2023
Of interest to Investors
A virtual freehold shop let on a 15 year lease from 2017.
Investment let at £15,000 p.a.
Description
The property is an end of terrace lock up shop situated over ground and Basement. The property is part of an established shopping parade located in a predominately residential area.
Location
The property is located between the junctions of Grove Road and William Street.
Grays Train station is located an approx. 0.6 miles from the property
Transport
Grays Train Station - National rail services.
Tenancy
36 Bridge Road
- Let to Mah Pharma Limited (T/A Steve's Chemist)
- 15 year fr&I lease from 19/06/2017
- Rent deposit of £7,500 held
- Investment let at £15,000 p.a.
Accommodation
Please note the approximate areas have been provided by the vendor and the property has not been inspected by Savills
Basement - An approx. 13.75 sqm (148 sq ft)
Ground Floor - An approx. 42.45 sqm (457 sq ft)
Total - An approx. 56.2 sqm (604 sq ft)
For more information about this property, please contact
Savills - National Auctions, W1G on +44 20 8022 4160 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Savills - National Auctions, and do not constitute property particulars. Please contact Savills - National Auctions 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.
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