Property for sale

London Road, Westcliff On Sea, Essex, SS0

£90,000

Property Description

Key features

  • Lock Up Retail Shop
  • Freehold Investment
  • Producing 8,000 Per Annum
  • Approx 470 Sq.Ft.
  • Busy A13 Location
  • Lots Of Street Parking

Full description

Tenure: Freehold

LOCATION:
The premises are situated along the London bound side of the A13 London Road. Westcliff train station is just 0.65 miles away, and there is ample parking available along the London Road for visiting shoppers.

DESCRIPTION:
A Freehold Investment, the premises being situated on the London Road (A13). London Road is a bustling location, the property being close to Tesco Extra, Aldi and Marks & Spencer’s petrol station. Let on a 5 year lease from April 2011 producing an income of £8,000 per annum.

Accommodation 
All floor areas are approximate and have been measured on a net internal basis. The retail area measures approximately 470 sq.ft. plus the kitchen and toilet facilities.

Features 
Lock Up Retail Shop Freehold Investment Approx 470 Sq Ft Busy A13 Location Producing £8,000 Per Annum

Terms 
Freehold subject to a 999 year lease of the upper parts, and an occupational lease of the ground floor for 5 years from the 1st April 2011 producing a rental income of £8,000 per annum. The landlord and the tenant have agreed to the tenancy continuing on a rolling basis.

Services 
Although we are advised that the unit benefits from main services, we would recommend that all interested parties check with the relevant statutory authorities as to the existence, adequacy or otherwise of these.

Business Rates 
The property is entered on the 2010 Rating List as shop and Premises with a rateable value of £4,500. Being below the £6,000 threshold, qualifying tenants will be able to claim 100% relief.

Viewing 
By prior appointment with Dedman Gray Commercial on 01702 311111.

More information from this agent

Listing History

Added on Rightmove:
25 May 2016

Nearest stations

  • Westcliff (0.7 mi)
  • Chalkwell (0.7 mi)
  • Southend Victoria (1.2 mi)
Distances are straight line measurements from centre of postcode

Nearest schools

Use the school checker

To view this property or request more details, contact:

Dedman Gray, Essex

103 The Broadway, Thorpe Bay, Essex, SS1 3HQ

01702 744063 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Westcliff (0.7 mi)
  • Chalkwell (0.7 mi)
  • Southend Victoria (1.2 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Dedman Gray, Essex

103 The Broadway, Thorpe Bay, Essex, SS1 3HQ

01702 744063 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

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