£895,000
(£177.86/sq. ft)
Retail premises for saleVictoria Avenue, Southend-On-Sea, Essex SS2
5,032 sq. ft
Just added
Leasehold
About this property
Retail (A1)
Investment
5032 Approx Sq Ft
Leasehold
Description:
Two virtual freehold investments let with an income of £51,000pa & fully equipped Supermarket/Convenience Store. Comprising a Licenced Coffee Shop, Supermarket/Convenience Store & Beauty Parlour. In some 5,000 sq.ft. Overall. On the London bound side of Victoria Avenue, which has been the subject of considerable development with many of the Office towers having been converted to quality apartments.
Properties
All measurements are approximate, and were calculated on a gia (Gross Internal Area) basis:
Unit 1: 1,900 sq.ft.
Unit 2: 2,200 sq.ft.
Unit 3: 932 sq.ft.
Features
Two Virtual Freehold Investments
One Fully Equipped Supermarket/Convenience Store
Producing Income Of £51,000PA
Approx, 5,000 Sq.Ft. Overall
On Busy Victoria Avenue
Ground Floor Of Multi Storey Residential Tower
Investment Content
Units 1 & 3 are let & produce rental incomes of £36,000pa & £15,000pa respectively + VAT. Unit 2 is vacant.
Tenure/Rent/ Service Charge
The properties are available by way of leases for terms of 191 years (virtual freehold) with ground rents payable of £350pa per Unit. The service charge estimates for the current year are £266.67p, £338.92p & £148.57p per month plus VAT.
Business Rates
The most recent rating valuations show adopted values of £21,750, £25,500 & £16,500.
Energy Performance Certificates
Copies of the EPC's are available on request. They have ratings of 'B', 'B' & 'C'.
Finance Available
Finance is available, subject to status, via the lpa Receivers.
Legal Fees
Each party is to be responsible for their own legal fees.
Viewing
All arrangements to view are via Gerard Biagioni of Dedman Gray Property Consultants on .
Two virtual freehold investments let with an income of £51,000pa & fully equipped Supermarket/Convenience Store. Comprising a Licenced Coffee Shop, Supermarket/Convenience Store & Beauty Parlour. In some 5,000 sq.ft. Overall. On the London bound side of Victoria Avenue, which has been the subject of considerable development with many of the Office towers having been converted to quality apartments.
Properties
All measurements are approximate, and were calculated on a gia (Gross Internal Area) basis:
Unit 1: 1,900 sq.ft.
Unit 2: 2,200 sq.ft.
Unit 3: 932 sq.ft.
Features
Two Virtual Freehold Investments
One Fully Equipped Supermarket/Convenience Store
Producing Income Of £51,000PA
Approx, 5,000 Sq.Ft. Overall
On Busy Victoria Avenue
Ground Floor Of Multi Storey Residential Tower
Investment Content
Units 1 & 3 are let & produce rental incomes of £36,000pa & £15,000pa respectively + VAT. Unit 2 is vacant.
Tenure/Rent/ Service Charge
The properties are available by way of leases for terms of 191 years (virtual freehold) with ground rents payable of £350pa per Unit. The service charge estimates for the current year are £266.67p, £338.92p & £148.57p per month plus VAT.
Business Rates
The most recent rating valuations show adopted values of £21,750, £25,500 & £16,500.
Energy Performance Certificates
Copies of the EPC's are available on request. They have ratings of 'B', 'B' & 'C'.
Finance Available
Finance is available, subject to status, via the lpa Receivers.
Legal Fees
Each party is to be responsible for their own legal fees.
Viewing
All arrangements to view are via Gerard Biagioni of Dedman Gray Property Consultants on .
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Monthly repayment
£4,477 per month
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