Sold

Lot 7 : Commercial investment opportunity

1-5 Woodside Parade, Woodside, Leigh on Sea. , SS9 4SS

Sold at

£262,000

Features

This property does not have features to display.

Description

An excellent investment opportunity. A parade of five shop/office units currently producing a rental income of £13,000 per annum (£16,500 when fully occupied) situated in a pleasant and popular location convenient for the A127. The site may also be of consideration for redevelopment subject to all the necessary planning consents.

Legal Packs

Login or register to view documentation

ACCOMODATION  

UNIT 1
 
Shop/office area - 18'4'' x 15'5'' = 283 sq. ft 
(5.58m x 4.69m = 26.17 sq. m)
Store room/rear office - 8'3'' x 5'10'' (2.51m x 1.77m)
Cloakroom/w.c.
Rear yard
 
UNIT 2
 
Office 1: 17'8'' x 14'10'' = 240 sq.ft
(4.57m x 4.52m = 22.11 sq. m)
Office 2: 15' x 9'2'' (4.57m x 2.79m)
Kitchen: 8' x 8' (2.43m x 2.43m)
Cloakroom/w.c.
 

UNIT 3
 
Shop/office area - 16' x 15' = 240 sq.ft
(4.87m x 4.57m = 22 sq m)
Kitchenette - 10'2'' x 5'6'' (3.09m x 1.67m)
Store room - 10' x 5'6'' (3.04m x 1.67m)

Cloakroom/w.c.
Rear yard
 
UNIT 4

Shop/office area - 18'6'' x 15' = 277 sq.ft (5.63m x 4.57m = 25.7 sq. m)
Rear store - 8'2'' x 5'10'' (2.5m x 1.77m)
Store with cloakroom - 8'9'' x 8'2'' (2.66m x 2.5m)

Rear yard

UNIT 5
 
Reception/office 1 - 18'5'' x 8'9'' = 162 sq.ft
(5.61m x 2.66m = 15 sq.m)
Office 2 - 18'1'' x 8'10'' (5.51m x 2.69m)
Rear storage - 11'4'' x 8'11'' (3.45m x 2.71m)
Rear yard  
 
TENANCIES:
 
UNITS 1 & 2:
 
Currently let on a FRI lease for a term of 4 years at a rent of £6,500 per annum.
 
UNITS 3 & 4:
 
Currently let on a FRI lease commencing May 2017 for a term of 4 years at a rent of £6,500 per annum.
 
UNIT 5:
 
Currently vacant but with an interested tenant at a rent of £3,500 per annum.
 
There is a forecourt area of approximately 20' deep extending the full width of the parade.
 
VIEWING: Viewing by prior appointment with the Auctioneer and at the courtesy of the tenants.
                        

ENERGY PERFORMANCE

See Legal Pack

VIEWING 

By appointment with the Auctioneers and at the courtesy of the Tenant.



1-5 Woodside Parade, Woodside, Leigh 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 7 1-5 Woodside Parade, Woodside, Leigh on Sea. , SS9 4SS

Commercial investment opportunity £220,000

Please provide your name

Please provide your email address

Please enter a valid email address

Thanks


Thank you for requesting updates to:

Lot 7 : • 1-5 Woodside Parade, Woodside, Leigh on Sea. , SS9 4SS

Commercial investment opportunity • £220,000

Auction on 5th October 2017 3pm

Close

Close