2 bedroom commercial property for sale

44 - 46 Mill Road, Maldon, CM9

Guide Price* £385,000

Property Description

Key features

  • COMMERCIAL/RESIDENTIAL INVESTMENT
  • RENT PAYABLE - 33,400 P.A.

Full description

***FOR SALE BY PUBLIC AUCTION*** at Crondon Park Golf & Country Club, Stock Road, Stock CM4 9DP on 25th February 2020

A MIXED COMMERCIAL/RESIDENTIAL FREEHOLD INVESTMENT CURRENTLY PRODUCING £33,400 P.A. REPRESENTING A YIELD OF OVER 8.5% IF PURCHASED AT GUIDE PRICE

The property comprises two ground floor lock up shops and a self contained first floor two bedroom flat within a terraced building arranged over ground and first floors.


LOCATION

Mill Road is located off the High Street in the market town of Maldon. The open spaces of Maldon Promenade and park are within walking distance. The main A414 road is nearby and provides easy access to Chelmsford City centre.


ACCOMMODATION

44 Mill Road - Ground Floor: Shop with WC
First Floor: Reception Room, Two Bedrooms, Kitchen and Bathroom/WC
46 Mill Road - Ground Floor: Shop with WC


TENANCIES

44 Mill Road - The shop and flat are let on a FRI lease for a term of 20 years from 20th August 2010 at an annual rent of £23,400
46 Mill Road - Is let on a FRI lease for a term of 3 years from 19th July 2019 at an annual rent of £10,000


EXTERIOR

There is a yard to the rear.


Tenure
Freehold

EPC Rating: 44 - C, 46 - B, Flat - D


Viewings
22 January 14:00 - 14:30
29 January 14:00 - 14:30
19 February 13:30 - 14:00
22 February 13:15 - 13:45

Additional Fees
Administration Charge: 0.6% inc VAT of the purchase price, subject to a minimum of £900 inc VAT, payable on exchange of contracts.
Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion


Nearest station

  • Hatfield Peverel (5.4 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Auction House Essex , Southend-on-Sea

Hillsboro, 377 Southchurch Road, Southend-On-Sea, SS1 2PQ

01702 744002 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 station

  • Hatfield Peverel (5.4 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Auction House Essex , Southend-on-Sea

Hillsboro, 377 Southchurch Road, Southend-On-Sea, SS1 2PQ

01702 744002 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 ah_essex_1440314_30575. 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 Auction House Essex , 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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*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.

Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”

Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Auction House Essex , Southend-on-Sea on 01702 333399.


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