Southchurch Road, Southend-on-Sea, Essex, SS1
Business rates & charges may apply
- SIZE
Ask agent
- SECTOR
Commercial property for sale
Key features
- Mixed Investment Opportunity
- Comprising 2 Shops & 4 Flats
- Adjacent City Centre
- Rent Roll £19,360PA
- Yield Of 5% On Asking Price
- Walking Distance Of Both Stations
Description
A mixed investment opportunity comprising 2 shops, one let with an income of £18,000pa & the other vacant, with four 1 bedroom flats above producing a ground rent of £1,360a pa, & therefore a yield of approx. 5% on the asking price.
Property
All measurements are approximate & have been measured on a gross internal basis: 24 Southchurch Road (Retail Shop): 511 Sq.Ft. 26 Southchurch Road (Take Away/Restaurant) 990 Sq.Ft. Both have rear parking with vehicular access.
Features
Mixed Investment Opportunity Comprising 2 Shops & 4 Flats Adjacent City Centre Rent Roll £19,360PA Yield Of 5% On Asking Price Walking Distance Of Both Stations
Viewing Arrangements
All viewing arrangements of the commercial space are via Gerard Biagioni of Dedman Gray Property Consultants on .
Tenure
Freehold, subject to the tenancies referred to.
Tenancy Schedule
24 Southchurch Road: Vacant. (ERV Approx £10,000pa) 26 Southchurch Road: 20 year lease from 28th June 2013. Rent £18,000pa with 5 yearly rent reviews, the next in June 2023. Flat numbers 1, 2 & 4 were sold on long leases from 5th October 2007 for 125 years, each producing a ground rent of £340pa. The lease in respect of flat 3 was granted for 99 years from 1st July 2004 with a ground rent of £340pa.
Legal Fees
Each party is to be responsible for their own legal fees.
Brochures
Southchurch Road, Southend-on-Sea, Essex, SS1
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Southend Victoria Station0.2 miles
- Southend Central Station0.2 miles
- Southend East Station0.7 miles
Notes
Disclaimer - Property reference DBS220120. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Dedman Gray Property Consultants Limited, Thorpe Bay. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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