Commercial Property for sale

SOUTHEND ROAD, GRAYS

Offers Over £300,000
1,625 sq. ft.

Property Description

Commercial information

  • 1,625 sq ft (150 sq m)

Full description

Tenure: Freehold

LOCATION
The premises are located on the corner of Southend Road and Chadwell Road in Grays

DESCRIPTION
A multi tenanted mixed used commercial investment producing £22,120 per annum

ACCOMMODATION
1c SOUTHEND ROAD
ENTRANCE HALL WITH STAIRS TO FIRST FLOOR
OFFICE 20'7" x 16'2"
KITCHENETTE 6'3" x 11'
CORNER OFFICE (irregular shape0 16'2" x 13'
OFFICE 9'11" x 20'8"
(Currently trading as Robert Stephens Letting Agency)

GROUND FLOOR SHOP
(Currently sub-let for use as beauty therapy)
SHOP 8'8" x 17'
TREATMENT ROOM 4'10" x 10'7"

These premises are held on a Law Society lease for a term of 6 years with effect from 1st January 2016 at a current rent of £15,220 per annum exclusive of VAT, business rates and all other outgoings and subject to a rent review at the end of the third year of the term. We are advised that the lease is within the security of tenure provisions of the Landlord and Tenant Act 1954 and permits sub-letting of part.

1B SOUTHEND ROAD (Carpet shop)
Single storey building fronting Chadwell Road
SHOP 20'4" (average) X 20'10" + 10'11" x 9'7" step up to
OFFICE 15'3" x 6'6"

Currently let to Mr. Paul Bates trading as Millenium Carpets on the basis of a Law Society lease for a term of 6 years with effect from the 1st May 2016 at a current rent of £6,900 per annum exclusive of VAT, business rates and all other outgoings and subject to a rent review on the 1st May 2019

SERVICES
Mains electricity and water

TERMS
Offers in excess of £300,000 are required for our client's freehold interest in these premises with the benefit of the income from the tenancies in place. We are advised that the two lease have approximately 3 years remaining and are within the security of tenure provisions of the Landlord and Tenant Act 1954

OUTGOINGS
The rating assessments are as follows:
1a Southend Road - RV £6,200
1C Southend Road - RV £6,300
1D Southend Road - £2,600


The tenancies in place provide for the business rates to be paid by the tenants. Small business rate relief may apply.

VAT
The property is not VAT elected

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

PARKING NOTES
3 Allocated parking spaces. ON street parking in Southend Road (1 hour)

VIEWING
Prior telephone appointment


More information from this agent

Nearest stations

  • Grays (0.8 mi)
  • Tilbury Town (1.7 mi)
  • Chafford Hundred (2.1 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Hair and Sons LLP, Southend On Sea

200 London Road, Westcliff-On-Sea, SS1 1PJ

01702 744141 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

  • Grays (0.8 mi)
  • Tilbury Town (1.7 mi)
  • Chafford Hundred (2.1 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Hair and Sons LLP, Southend On Sea

200 London Road, Westcliff-On-Sea, SS1 1PJ

01702 744141 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.

Disclaimer - Property reference 101353011707. 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 Hair and Sons LLP, Southend On Sea. 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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