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£500,000
Brentwood Road, Chadwell St Mary
Full description:
AN OPPORTUNITY TO ACQUIRE A FREEHOLD INVESTMENT CONSISTING OF A COMMERCIAL SHOP PREMISES, TWO SELF CONTAINED FLATS AND THREE BED SITS PRODUCING GOOD INVESTMENT INCOME.
**PROMINENT LOCATION****RESIDENTIAL AND COMMERCIAL PORTFOLIO****SHOP PREMISES****TWO SELF CONTAINED FLATS****THREE BEDSITS****INVESTMENT INCOME**
ACCOMMODATION
RESTAURANT:
Consists of the following.
Restaurant Frontage 31'9" (9.68m). Depth maximum 50' (15.24m). Rear storage rooms. W.C Facilities. Kitchen 16'3" x 10'9" (4.95m x 3.28m).
Tenancy: The restaurant is let on a long lease for 21 years, starting 1st April 2003 and ending on the 31st March 2024. Rent reviews every 3rd anniversary. Present rental income £23,000 p.a.
SELF CONTAINED FLATS
9A Brentwood Road - Two bedroom flat.
Let on an Assured shorthold tenancy producing an income of £600 pcm. Six month Assured Shorthold Tenancy dated 1st August 2010.
Flat 7C Brentwood Road - One bedroom flat with garden.
Let on an 12 months Assured Shorthold Tenancy from 26th February 2010 at a rent of £500pcm.
BEDSITS:
The three rooms are let on an Assured shorthold tenancies totalling approximately £1,061.66 pcm.
Total rental income produced £48,940.
AGENTS NOTE: CHANDLER & MARTIN has not had access to this property or sight of the financial situation of the investment. We therefore request all interested parties make their own enquiries relating thereto. Chandler and Martin can not be held responsible for any discrepancy within these details.
THE PROPERTY MISDESCRIPTIONS ACT 1991
The Agent has not tested any apparatus, equipment, fixtures and fittings or services and so cannot verify that they are in working order or fit for the purpose. A Buyer is advised to obtain verification from their Solicitor or Surveyor. References to the Tenure of a Property are based on information supplied by the Seller. The Agent has not had sight of the title documents. A Buyer is advised to obtain verification from their Solicitor. Items shown in photographs are NOT included unless specifically mentioned within the sales particulars. They may however be available by separate negotiation. Buyers must check the availability of any property and make an appointment to view before embarking on any journey to see a property.
**PROMINENT LOCATION****RESIDENTIAL AND COMMERCIAL PORTFOLIO****SHOP PREMISES****TWO SELF CONTAINED FLATS****THREE BEDSITS****INVESTMENT INCOME**
ACCOMMODATION
RESTAURANT:
Consists of the following.
Restaurant Frontage 31'9" (9.68m). Depth maximum 50' (15.24m). Rear storage rooms. W.C Facilities. Kitchen 16'3" x 10'9" (4.95m x 3.28m).
Tenancy: The restaurant is let on a long lease for 21 years, starting 1st April 2003 and ending on the 31st March 2024. Rent reviews every 3rd anniversary. Present rental income £23,000 p.a.
SELF CONTAINED FLATS
9A Brentwood Road - Two bedroom flat.
Let on an Assured shorthold tenancy producing an income of £600 pcm. Six month Assured Shorthold Tenancy dated 1st August 2010.
Flat 7C Brentwood Road - One bedroom flat with garden.
Let on an 12 months Assured Shorthold Tenancy from 26th February 2010 at a rent of £500pcm.
BEDSITS:
The three rooms are let on an Assured shorthold tenancies totalling approximately £1,061.66 pcm.
Total rental income produced £48,940.
AGENTS NOTE: CHANDLER & MARTIN has not had access to this property or sight of the financial situation of the investment. We therefore request all interested parties make their own enquiries relating thereto. Chandler and Martin can not be held responsible for any discrepancy within these details.
THE PROPERTY MISDESCRIPTIONS ACT 1991
The Agent has not tested any apparatus, equipment, fixtures and fittings or services and so cannot verify that they are in working order or fit for the purpose. A Buyer is advised to obtain verification from their Solicitor or Surveyor. References to the Tenure of a Property are based on information supplied by the Seller. The Agent has not had sight of the title documents. A Buyer is advised to obtain verification from their Solicitor. Items shown in photographs are NOT included unless specifically mentioned within the sales particulars. They may however be available by separate negotiation. Buyers must check the availability of any property and make an appointment to view before embarking on any journey to see a property.
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