123 Grove Road, Grays, Essex, RM17 6LA
- PROPERTY TYPE
Mixed Use
- BEDROOMS
1
- SIZE
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Key features
- Strictly by appointment with the Auctioneers
Description
MIXED USE INVESTMENT: A FREEHOLD BUILDING COMPRISING A COMMERCIAL SHOP AND THREE FLATS LOCATED IN GRAYS PRODUCING AN ANNUAL INCOME OF £37,200
A freehold building situated on a prominent corner plot. The property comprises a commercial premises which is used as a hot food takeaway, a preparation room and studio to the ground floor. The upper parts comprise of a one bedroom flat and a studio flat, the building currently produces a combined income of £37,200 per annum. It is located within a densely populated residential area close to local school and just one mile away from Grays Town centre and Railway Station.
Commercial shop - 31.69 sq.m (341 sq.ft)
Preparation room - 20' x 17'3
Toilet area
123a - First Floor flat
Lounge: 11'6 x 10'8
Kitchen: 10'6 x 9'10
Bedroom: 10'6 x 10'1
Bathroom/WC
123b - First floor studio:
Living area: 15'5 x 14'5
Shower Room
123c - Ground floor studio:
Main living area
Separate Shower room
123 - Commercial hot food takeaway and workshop - £12,000 pa
123a - First floor one bedroom flat - £10,200 pa
123b - First floor studio flat - £8,400 pa
123c - Ground floor studio flat - £6,600 pa
Total rental income - £37,200
Commercial takeaway and prep room are let on a lease from 23rd September 2019 until the 21st September 2026 with a rent review due in September 2024. The three flats are all on assured tenancy agreements. Full details can be found within the legal pack
123 Grove Road - C, 123a Grove Road - G, 123b Grove Road - E
123c Grove Road - D
Brochures
Legal DocumentsEnergy Performance Certificates
EPC 1EPC 2EPC 3EPC 4123 Grove Road, Grays, Essex, RM17 6LA
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Grays Station0.6 miles
- Tilbury Town Station1.2 miles
- Northfleet Station2.1 miles
Notes
Disclaimer - Property reference 299046. 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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