Lot 7 : Freehold Mixed Commercial Investment

39 Queens Road, Southend on Sea, Essex , SS1 1LT

Guide price*

£190,000

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Features

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Description

SOLD PRIOR...SOLD PRIOR...SOLD PRIOR...FOR SALE BY AUCTION ON THE 6TH DECEMBER 2018 AT SAXON HALL, AVIATION WAY, SOUTHEND ON SEA, ESSEX, SS2 6UN STARTING AT 3PM. INVESTMENT OPPORTUNITY...A mixed commercial property occupying a bold corner position in Queens Road and comprising a tenanted lock up shop, a vacant corner office and a 2 bedroom flat over which is sold off on a long lease with 66 years unexpired.

ACCOMMODATION

 

The ground floor office has most recently been occupied as a residential letting agent and will be offered with vacant possession. The accommodation has been extensively refurbished by our clients and provides attractive accommodation. There is gas central heating.

 

There is a lock up shop adjacent which is let on a Lease expiring in 2020 and producing a rent of £500 per calendar month exclusive. We understand that the tenant will have rights to renew on expiry. 

 

39a QUEENS ROAD

MAIN OFFICE 26'4" x 20'5” Return frontage to Napier Avenue. Wood effect floor. Gas central heating (not tested)
MEETING ROOM 10'6" x 7'5" + 6'3" x 5'
STORE ROOM 13'3" x 14'4"
SHOWER ROOM 6'2" x 5'11" incorporating a w.c., shower and wash hand basin. Tiled floor
KITCHEN 12'4" x 5'9"

 

GROSS INTERNAL FLOOR AREA 847 SQ.FT. (78 SQ.M.)
 
39B QUEENS ROAD

SHOP - 267 sq.ft. (24.8 SQ.M.
Let and producing £500 per calendar month exclusive

39 QUEENS ROAD
First floor 2-bedroom flat which is sold off on a long leasehold basis with 66 years unexpired and with a ground rent payable of £50 per annum (fixed).

     

RATEABLE VALUE

 

The rateable values are as follows:
39a Queens Road - £8,400
39B Queens Road - £4,250
 
The uniform business rate for the year to April 2019 is

charged at 48.6p. in the pound for the rating year to April 2019. 

 

NOTE: Small business rate relief may apply.

 

ENERGY PERFORMANCE RATING - TBC

 

VIEWING

 

By prior appointment with the Auctioneer.

 

 

                                                              


39 Queens Road, Southend on Sea, Essex Open in google maps

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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.

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Lot 7 39 Queens Road, Southend on Sea, Essex, SS1 1LT

Freehold Mixed Commercial Investment £190,000

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Lot 7 : • 39 Queens Road, Southend on Sea, Essex , SS1 1LT

Freehold Mixed Commercial Investment • £190,000

Auction on 6th December 2018 3pm

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