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Retail Property (high street) for sale

Southend Road, Rochford, Essex, SS4

Guide Price £225,000

Property Description

Key features

  • Shop, Flat, Rear Store & Garage
  • Freehold
  • Vacant Possession of the Shop
  • Close to Southend Airport
  • Mixed Use Investment Opportunity
  • Further Development Potential

Full description

Tenure: Freehold

Rochford is in the County of Essex and is some 43 miles (69 km) from Central London and about 21 miles (34 km) from the Essex county town of Chelmsford. The opportunity is situated between Rochford and Southend Airport Train Station, providing excellent links to London and Southend. Rochford Town Centre is just 0.6 miles.

This mixed use property offers potential for development subject to the relevant planning consents or as an investment. It comprises a vacant shop, self contained three bedroom maisonette, a workshop plus a garage. It is considered that all let it would achieve an annual income in the region of £19,000 though this could be increased by developing the outbuildings.

Business Rates 
The ground floor retail premies and store is entered on the 2010 rating list as Shop and Premises, with a current rateable value of £3,150. Interested parties are advised to seek verification from Rochford Councils Business Rates department.

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

By prior appointment with Dedman Gray Commercial on 01702 311111.

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 Rochford District Council on 01702 546366.

All areas are approximate and have been measured in accordance with the RICS Code of Measuring Practice. Ground Floor Shop: 296 Sq. Ft (27.52 m2) Retail Store: 50 Sq. Ft (4.6 m2) W/C The shop is being offered with full vacant possession. Last rented at £7,500 per annum. 3 Bedroom Maisonette - Uninspected Fully self contained and let on an Assured Shorthold Tenancy Agreement at £670 pcm. A copy of the agreement is available upon request. Rear Store: 311 Sq. Ft (28.9 m2) - Uninspected Possible development opportunity, subject to planning. This will be sold with vacant possession. Garage (Single) Currently rented on an informal arrangement at £70 pcm.

The Freehold premises are for sale by public auction on Wednesday 7th December with a guide price of £250,000 plus. 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.

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