Lot 9 : Mixed commercial investment

68 London Road, Southend on Sea. , SS1 1PG

Guide price*

£260,000

Request updates

Features

This property does not have features to display.

Description

EXCELLENT INVESTMENT OPPORTUNITY. A Freehold mixed residential and commercial investment comprising a restaurant let on a ten-year Lease and a 3 bedroom flat let on an Assured Shorthold Tenancy.

ACCOMODATION                                                                   

RESTAURANT
 
Shop front: 28'6'' x 17'6'' (8.6m x 5.3m). Tiled floor.
 
Cloakrooms: WC's
 
Kitchen: 22'6'' x 11'3'' (6.8m x 3.4m) 
Tiled floor.
 
Store: 8'3'' x 6'9'' (2.5m x 2m)
 
Room: 7'6'' x 2'9'' 2.2m x 0.8m)
 
Covered yard area.
 
FLAT
 
Approached via a rear access. Door to:
 
Entrance hall
 
Lounge: 15'3'' x 11' (4.6m x 3.3m max.) 
Window to the front, electric radiator.
 
Kitchen: 8'6'' x 8'3'' (2.5m x 2.5m) 
Double glazed window to the flank. Storage cabinets, oven and hob.
 
Bedroom 1: 13' x 10'6'' (3.9m x 3.2m) 
window to the rear, electric radiator.
 
Bedroom 2: 12'3'' x  8'  (3.7m x 2.4m) 
Double glazed window to the rear. Electric radiator.

 
Bedroom 3: 9' x 6'3'' (2.7m x 1.9m) 
Window to the front. Electric radiator.   

Shower room/w.c:  Double glazed window to the flank. Shower cubicle, W.C. and wash hand basin. Tiling.
 
NOTE: None of the appliances or radiators have been tested. The flat has radiators carcassing for a wet system however this is not connected to a boiler.
 
EXTERIOR
 
Rear yard: Parking for a vehicle.
 
TENANCIES
 
The restaurant is let on a ten year Lease commencing January 2017 at a rent of £12,000 per annum.
 
The flat is let on an Assured Shorthold Tenancy for a period of 12 months commencing 1/8/2017 at a rent of £650 per calendar month.
 
 Total rent payable: £19,800 per annum.

 

ENERGY PERFORMANCE 

TBC

 

VIEWING 

By prior appointment with the Auctioneers and at the courtesy of the Tenants.


68 London Road, Southend on Sea. Open in google maps

This property currently has no floor plans to display.

This property currently has no epc‘s to display.

General remarks

Tenanted properties may only be viewed by prior arrangement with Hair & Son. The Auctioneer reserves the right to divide or sell part of any lot or offer two or more lots together.

*An important note on guide prices

We issue a guide price for each property. These are not the same as reserve prices which are the undisclosed figure below which the property will not be sold “under the hammer”. The guide prices are usually set at the lower end of the vendors expectations. Guide prices are sometimes adjusted between publication of the catalogue and the auction sale, these adjustments are shown on our web site. They can go up especially if pre Auction offers are received and declined in excess of the guide, or they can go down. Within the industry the reserve is expected to be within 10% of the final guide price. As a general rule our reserves over the past year have not exceeded the price guides in the catalogue.

See our Notice to Bidders

Occasionally properties are sold prior to auction and we recommend that prospective purchasers check with this office on
01702 39 49 59 on the morning of the sale to confirm that the property in which they are interested is still available.

Find you local auctions office

Talk to us about auctions

Find your local auctions office

Whatever your enquiry, get in touch today.
Our experts are here to help.

Contact

Request updates for


Lot 9 68 London Road, Southend on Sea. , SS1 1PG

Mixed commercial investment £260,000

Please provide your name

Please provide your email address

Please enter a valid email address

Thanks


Thank you for requesting updates to:

Lot 9 : • 68 London Road, Southend on Sea. , SS1 1PG

Mixed commercial investment • £260,000

Auction on 5th October 2017 3pm

Close

Close