Southchurch Avenue, Southend-on-Sea

LOCATION
Located on Southchurch Avenue between Southchurch Road and Queensway/Woodgrage Drive.

DESCRIPTION
An investment opportunity made up on 4 commercial properties and 4 x self contained flats.

ACCOMMODATION
83/83a Southchurch Avenue:
Let on a full repairing and insuring lease for a term of 20 years from 2018 at a current passing rent of £12,000 per annum.

85 Southchurch Avenue:
Let on a lease for a term of 12 years from 2007 (currently holding over) at a current passing rent of £5,750 per annum.

85a Southchurch Avenue:
Currently let on a 12 month AST agreement at a rent of £6,000 per annum.

87/87a Southchurch Avenue:
Let on a full repairing and insuring lease for a term of 12 years from 2007 (currently holding over) at a current passing rent of £11,500 per annum.

89 Southchurch Avenue:
Let on a full repairing and insuring lease for a term of 10 years from 2018 at a current passing rent of £11,500 per annum.

CURRENT GROSS INCOME: £50,000 PER ANNUM following recent rent reviews.

AMENITIES
Local amenities include main bus links and close proximity the Southend East Railway Station.

TERMS
£935,000 is required for our client's freehold interest in these premises.

OUTGOINGS
83 Southchurch Road (Rateable Value): £5,300.
85 Southchurch Road/87 Southchurch Road (Rateable Value): £12,500.
89 Southchurch Road (Rateable Value): £6,200.

LEGAL COSTS
Each party is to be responsible for their own legal costs.

PARKING NOTES
On street parking to front (1 hour stay).

VIEWING
By prior appointment via Hair and Son: (Option 3).