Lot 4 : Freehold Commercial Investment
1 Southend Road, Grays, Essex , RM17 5NH
This property does not have features to display.
FOR SALE BY AUCTION ON THE 6TH DECEMBER 2018 AT SAXON HALL, AVIATION WAY, SOUTHEND ON SEA, ESSEX SS2 6UN STARTING AT 3PM. EXCELLENT INVESTMENT OPPORTUNITY...A Freehold multi tenanted commercial investment forming part of an established shopping parade and producing an income of £22,120 per annum. The property offers potential for development subject to all necessary consents.
1c SOUTHEND ROAD
(Currently trading as Robert Stephens Letting Agency)
ENTRANCE HALL WITH STAIRS TO FIRST FLOOR
OFFICE 20'7" x 16'2"
KITCHENETTE 6'3" x 11'
CORNER OFFICE (irregular shape) 16'2" x 13'
OFFICE 9'11" x 20'8"
GROUND FLOOR SHOP
(Currently sub-let for use as beauty therapy)
SHOP 8'8" x 17'
TREATMENT ROOM 4'10" x 10'7"
These premises are held on a Law Society lease for a term of 6 years with effect from 1st January 2016 at a current rent of £15,220 per annum exclusive of VAT, business rates and all other outgoings and subject to a rent review at the end of the third year of the term. We are advised that the lease is within the security of tenure provisions of the Landlord and Tenant Act 1954 and permits sub-letting of part.
1B SOUTHEND ROAD (Carpet shop)
Single storey building fronting Chadwell Road
SHOP 20'4" (average) X 20'10" + 10'11" x 9'7" step up to
OFFICE 15'3" x 6'6"
Currently trading as Millennium Carpets on the basis of a Law Society lease for a term of 6 years with effect from the 1st May 2016 at a current rent of £6,900 per annum exclusive of VAT, business rates and all other outgoings and subject to a rent review on the 1st May 2019
The rating assessments are as follows:
1a Southend Road - RV £6,200
1C Southend Road - RV £6,300
1D Southend Road - £2,600
There are three allocated parking spaces to the rear of the carpet shop, off Chadwell Road. In addition, there is on street parking in Southend Road.
ENERGY PERFORMANCE RATING
The energy performance Cerificate shows a rating of TBC
By appointment with the Auctioneer and at the courtesy of the Tenants.
1 Southend Road, Grays, Essex Open in google maps
This property currently has no floor plans to display.
This property currently has no epc‘s to display.
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Lot 4 • 1 Southend Road, Grays, Essex, RM17 5NH
Freehold Commercial Investment • £285,000
Thank you for requesting updates to:
Lot 4 : • 1 Southend Road, Grays, Essex , RM17 5NH
Freehold Commercial Investment • £285,000
Auction on 6th December 2018 3pm
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