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Restaurant for sale

London Road, Westcliff On Sea, Essex, SS0

634 sq. ft.

Property Description

Commercial information

  • 634 sq ft (58 sq m)

Key features

  • Freehold Investment Opportunity
  • Vacant Ground Shop
  • Self-Contained 2 Bed Flat
  • Potential Income of 17,500 per annum
  • Could also suit Small Business Operator
  • Available Immediately

Full description

Tenure: Freehold

The property is situated on the north side of London Road (A13) between Richmond Avenue and Balmoral Road. London Road is a busy thoroughfare to the main town centre of Southend. There are a variety of traders within the immediate vicinity of the site with generous short stay roadside parking available.

We are delighted to bring to the market this semi-detached Freehold property consisting of a vacant ground floor shop totaling 634 Sq. Ft together with a self-contained 2 bedroom flat above let on an assured shorthold tenancy at £625 pcm. As an investment, the property offers a potential income of £17,500 once the ground floor is occupied. It could also suit an owner occupier looking to purchase a small business premises. Interested parties are advised to contact Dedman Gray on 01702 311111.

By prior appointment with Dedman Gray Commercial on 01702 311111.

All areas are approximate and have been measured in accordance with the RICS Code of Measuring Practice on a net internal basis. Ground Floor Shop Display Area - 79 Sq. Ft Retail Area A - 259 Sq. Ft Retail Area B - 168 Sq. Ft Rear Store - 128 Sq. Ft Currently Vacant. Potential to achieve £10,000 per annum. First Floor Flat 2 Bedroom - Uninspected Currently Let on an AST at £625 pcm.

The Freehold premises are available at an asking price of £250,000. The property is being offer with vacant possession of ground floor and the first floor self-contained flat subject to an AST. All other terms and conditions by negotiation.

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.

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 ground floor is entered on the 2010 rating list as shop and premises with a current rateable value of £4,700. Interested parties are advised to seek verification from Southend Borough Councils Business Rates department.

More information from this agent

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