626/630 Southchurch Road

Hair & Son Commercial are delighted to offer to the market this mixed residential/commercial investment opportunity. The premises comprises of a ground floor commercial premises (to be sold with vacant possession) and residential ground rent investment opportunity.

The ground floor commercial premises has most recently been occupied by our client who has successfully traded as a retail business for many years. However, owing to retirement the premises is due to be sold with vacant possession to the ground floor.

The first and second floors comprise of 4 residential flats that are sold off on long leaseholds providing ground rent income as well as additional income of £500 Per Annum from a on site substation.

Full Description - The premises comprises of ground floor commercial space (to be sold with vacant possession) and 4 x flats sold off on long leaseholds providing a ground rent income as well as additional income of £500 Per Annum for the on site sub-station as well as rear carpark accessed via Surbiton Avenue.

Accommodation - GROUND FLOOR COMMERCIAL:
MAIN SALES AREA: 36'8" X 27'4"
ADDITIONAL SALES AREA: 32'3" X 16'3"
STOCK AREA: 13'6" X 14'8"
OFFICE: 8'7" X 8'2"
REAR STORAGE/STOCK AREA: 15'7" X 24'5"
EXTERNAL W/C'S

GROSS INTERNAL FLOOR AREA: 2,309 SQ.FT (214.6 SQ.M)

SUBSTATION - 15 YEAR TERM FROM MARCH 2025 - PRODUCING AN INCOME OF £500 Per Annum

FLATS:

626A (FLAT & PARKING SPACE) - A LEASE EXTENSION HAS JUST BEEN AGREED TO EXTEND BY AN ADDITIONAL 90 YEARS ON THE BASIS OF A PEPPERCORN GROUND RENT.

626B (FLAT & PARKING SPACE) - 99 YEAR LEASE FROM JULY 1985 (59 YEARS REMAINING) - GROUND RENT PAYABLE: (£50 PER ANNUM PAYABLE FOR 30 YEARS, INCREASING TO £120 PER ANNUM FOR THE FOLLOWING 30 YEARS & £180 PER ANNUM FOR THE REMAINING 30 YEARS)

626C (FLAT & PARKING SPACE) - A LEASE EXTENSION HAS BEEN COMPLETED AND EXTENDED BY AN ADDITIONAL 90 YEARS - EXPIRING JUNE 2174, ON THE BASIS OF A PEPPERCORN GROUND RENT.

626D (FLAT & PARKING SPACE) - 99 YEAR LEASE FROM JULY 1985 (59 YEARS REMAINING) - GROUND RENT PAYABLE: (£50 PER ANNUM PAYABLE FOR 30 YEARS, INCREASING TO £120 PER ANNUM FOR THE FOLLOWING 30 YEARS & £180 PER ANNUM FOR THE REMAINING 30 YEARS)

Location - Located on the South side of Southchurch Road between the roads of Surbiton Avenue and Lovelace Avenue, Southend-On-Sea, Essex.

Services - Mains, electricity & water.

Terms - An asking price of £485,000 for our clients freehold interest in these premises.

Viewing - By prior telephone appointment via Hair & Son Commercial: (Opt. 3)

Rates - The ground floor is rated as a retail premises. The rateable value from April 2026 is £27,250.

Legal Costs - Each party is to be responsible for their own legal fees.

Parking Notes - Parking located to the rear via Surbiton Avenue.

Planning - Class E (Commercial Only).