£1,100,000
Light industrial for saleSouthend-On-Sea, Essex SS1
Just added
About this property
Investment
Description:
A terraced mixed use freehold investment opportunity currently producing a total income of £71,000 pa. The ground floor comprises of approximately 2,394 sq. Ft. And is let to a 'Costa Coffee' producing an income of £41,000. Pa +VAT. On the 1st floor and 2nd floors, there is a 3 bedroom large self-contained flat and 2 bedroom flat currently let on a rolling periodic tenancies producing a total income of £30,000. Pa. This property benefit from secure tenancies at rents below prevailing market levels, providing an attractive opportunity for rental growth.
Accommodation
Ground Floor (Costa Coffee) Approx. 2,394 sq. Ft. (222.4 sq. M.)
1st & 2nd Floor Flats: Not Measured
Features
Investment Opportunity
Mixed Use Freehold
Total Income £71,000.
2 Bed & 3 Bed Self Contained Flats
Reversionary Potential at Lease Expiry
Excellent Transport Links
EPC
B-26 Valid Until 7/10/2034
Tenure
The Freehold is available at £1,100,000. (plus VAT if applicable)
Business Rates
The property is entered on the most recent rating list with a rateable value of £43,500.
Tenancy Schedule
Full lease terms and tenancy schedule are available upon request.
Services
Although we are advised that the property 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.
Legal Fees
Each party to be responsible for their own legal costs.
Viewing
By prior appointment with Matt Parsons of Dedman Gray Property Consultants on Mobile .
A terraced mixed use freehold investment opportunity currently producing a total income of £71,000 pa. The ground floor comprises of approximately 2,394 sq. Ft. And is let to a 'Costa Coffee' producing an income of £41,000. Pa +VAT. On the 1st floor and 2nd floors, there is a 3 bedroom large self-contained flat and 2 bedroom flat currently let on a rolling periodic tenancies producing a total income of £30,000. Pa. This property benefit from secure tenancies at rents below prevailing market levels, providing an attractive opportunity for rental growth.
Accommodation
Ground Floor (Costa Coffee) Approx. 2,394 sq. Ft. (222.4 sq. M.)
1st & 2nd Floor Flats: Not Measured
Features
Investment Opportunity
Mixed Use Freehold
Total Income £71,000.
2 Bed & 3 Bed Self Contained Flats
Reversionary Potential at Lease Expiry
Excellent Transport Links
EPC
B-26 Valid Until 7/10/2034
Tenure
The Freehold is available at £1,100,000. (plus VAT if applicable)
Business Rates
The property is entered on the most recent rating list with a rateable value of £43,500.
Tenancy Schedule
Full lease terms and tenancy schedule are available upon request.
Services
Although we are advised that the property 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.
Legal Fees
Each party to be responsible for their own legal costs.
Viewing
By prior appointment with Matt Parsons of Dedman Gray Property Consultants on Mobile .
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Monthly repayment
£5,502 per month
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