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COMMERCIALSOLD STC

568 Rayleigh Road, Eastwood, Leigh-on-Sea, Essex, SS9 5HX

Guide Price
£275,000
Dedman Gray Auctions, Essex
PROPERTY TYPE

Commercial Property

BEDROOMS

2

SIZE

Ask agent

Key features

  • Freehold
  • By appointment with the auctioneers

Description

FOR SALE BY PUBLIC AUCTION ON WEDNESDAY 11TH OCTOBER 2023 AT 12.00PM. LIVE STREAMED VIA DEDMAN GRAY WEBSITE. BIDDING AVAILABLE BY TELEPHONE, PROXY AND ONLINE

COMMERCIAL INVESTMENT: A FREEHOLD BUILDING WITH SEPARATE ENTRANCE TO ROOMS ABOVE AND POTENTIAL TO EXTEND ( STP ) CURRENTLY WITH CLASS A3 USE
Currently producing a rental income of £1,800 pcm ( £21,600 per annum ) this Freehold building offers the potential to extend to the rear ( subject to obtaining the relevant consents ). Located in a prominent position in a busy trading area the Indian Restaurant has 44 covers and also offers a takeaway service. The rooms above can be accessed separately from the diner and are currently occupied by staff members.
We understand that the property ( restaurant and uppers ) is currently achieving a rent of £1,800pcm ( £21,600 pa )
We understand that the property ( restaurant and uppers ) is let to a long term tenant on an agreement that runs until the 11th November 2027
We are informed by the seller that planning permission was granted in December 2010 to erect a single storey rear extension. This permission has now lapsed. Full details can be found on the planning portal of Southend on Sea City Council using ref: 10/01798/FUL
Commercial - B
First Floor - F
Reception Area / Bar leading to the main restaurant area and customer toilets. The kitchen is to the rear of the building as are two storage areas and a staff toilet. The first floor has a separate entrance and comprises of two bedrooms, small storage room and shower room

568 Rayleigh Road, Eastwood, Leigh-on-Sea, Essex, SS9 5HX

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Rayleigh Station2.0 miles
  • Leigh-on-Sea Station2.2 miles
  • Hockley Station2.3 miles
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About Dedman Gray Auctions, Essex

103 The Broadway, Thorpe Bay, Essex, SS1 3HQ
Industry affiliations:

Dedman Gray Auction Ltd are based in Thorpe Bay in Southend on Sea, Essex and are firmly established as one of the top 20 UK national auctioneers, holding regular land and property auctions.

Notes

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Disclaimer - Property reference 220129. 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 Auctions, Essex. 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.

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 Dedman Gray Auctions, Essex on 01702 311010.

*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.”

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