Property for sale

Station Road, Westcliff-On-Sea, Essex, SS0

£150,000

Property Description

Key features

  • Long Leasehold Investment Opportunity
  • On The Busy Station Road
  • Highly Visible Corner Location
  • Let With Income Of 6,700 Per Annum
  • Let On Lease Until March 2022
  • In Heavily Populated Part Of Westcliff

Full description

LOCATION:
The property is located just a short distance from Westcliff on Sea Train Station. It is visible from the road, is on a local bus route. Many of the other ground floor retail units here have been converted to residential. The property benefits from being just a minutes walk from Westcliff Seafront.

DESCRIPTION:
The property is situated in a predominantly residential part of Westcliff on Sea Essex, close to Westcliff Station. The Retail Shop (a Convenience Store) is currently let with an income of £6,700 pa on a fully repairing and insuring basis.

Accommodation 
All areas are approximate and have been measured on a net internal basis. Total Area: 567 Sq.Ft.

Terms 
The ground floor Retail shop is let for a term of 12 years from and including 25 March 2010 to 24th March 2022 with rent reviews in 2014 and 2018. The passing rent is £6,700 per annum. A full copy of the lease is available upon request. The long leasehold interest was granted on the 15th October 1987 for a term of 199 years.

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.

Planning 
Interested parties are recommended to make their own enquiries with the local Planning Authority to ensure that any proposed use is in accordance with the current planning policy. Telephone Southend Borough Council on 01702 215000.

Business Rates 
The property is entered on the 2010 rating list as Shop and Premises with a current rateable value of £4,850. Interested parties are advised to seek verification from Southend Borough Councils Business Rates department.

Legal Fees 
Each party to be responsible for their own legal costs.

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

More information from this agent

Listing History

Added on Rightmove:
26 February 2016

Nearest stations

  • Westcliff (0.3 mi)
  • Chalkwell (0.6 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 (0.3 mi)
  • Chalkwell (0.6 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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