1 bedroom mixed use property for sale
11 North Street, Rochford, Essex, SS4 1AB
- PROPERTY TYPE
Mixed Use
- BEDROOMS
1
- SIZE
Ask agent
Key features
- Freehold
- Strictly by appointment with the Auctioneers
Description
FREEHOLD MIXED TENURE INVESTMENT: LOCKUP SHOP WITH SELF CONTAINED FLAT ABOVE BOTH LET GIVING A POTENTIAL YIELD OF 8% OF THE GUIDE PRICE
Located just around the corner from the Market Square is a celebrated Gents Hair Salon measuring approximately 696 sq.ft, which is currently let and also there are further rear areas which are rented to the tenant under a separate agreement, and to the first floor is a one bedroom self contained apartment which is also let on an assured shorthold tenancy.
All measurements are approximate and were measured on a Gross Internal Area (GIA) basis. Ground floor 696 sq.ft. 1st floor flat, (398 sq.ft.) with 1 bedroom, kitchen, lounge, shower room with WC.
The ground floor is let for a term of 10 years from the 9th July 2018, producing a rent of £8,340pa. (Next & last rent review July 2026). The rear areas are rented to the tenant under a separate agreement, and produce a further £1,800pa. The flat above is let on an assured shorthold tenancy at £695 p/c/m giving £8,340 pa which is a yield of over 8% of the guide price . Both rents could be increased but interested parties are advised to make their own enquiries.
Commercial - C
Residential 11a - E
Brochures
Legal DocumentsEnergy Performance Certificates
EPC 1EPC 211 North Street, Rochford, Essex, SS4 1AB
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Rochford Station0.2 miles
- Southend Airport Station0.9 miles
- Prittlewell Station2.2 miles
Notes
Disclaimer - Property reference 327810. 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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