London Road, Leigh-on-Sea, SS9 2UR

Hair and Son are delighted to bring this freehold premises to the market on London Road, Leigh-on-Sea. The premises benefits from two commercial tenancies (1484 and 1488) in place, together with the long ground leases of the 4 residential flats over and 2 garages at the rear of the premise.

TOTAL INCOME: £25,049 PER ANNUM

Full Description - The Freehold comprises of:

1484 London Road
A ground floor self-contained commercial unit that is let on a full repairing and insuring 5 year lease from July 2022 at a rent of £12,000 per annum to a local covenant. The landlords hold a 3 month rent deposit. Tenant's option to break at year 2.

1488 London Road
A ground floor retail shop that is let to Hidden Hearing Limited on a lease until 2027 producing a current rent of £11,600 per annum. Hidden Hearing Limited was formed in 1986 and have traded from this location since June 2012.

1486A London Road (Residential Flat)-
Sold on a long leasehold from August 1997 for a length of 199 years
Annual ground rent- £21

1486B London Road (Residential Flat)
Sold on a long leasehold from May 1978 for a length of 199 years
Annual ground rent- £25

1486C London Road (Residential Flat)
Sold on a long leasehold from May 1979 for a length of 199 years
Annual ground rent- £25

1486D London Road (Residential Flat)
Sold on a long leasehold from January 2016 for a length of 125 years
Annual ground rent- £250

Garage rear of 1484 London Road- Let on a monthly tenancy agreement and achieves £47 PCM
Garage rear of 1488 London Road- Let on a monthly tenancy agreement and achieves £47 PCM

TOTAL INCOME: £25,049 Per Annum

Accommodation - 1484 London Road
SHOP
WIDTH 5.88 m (narrowing after x 4.07 to 4.94)
DEPTH 8.06 m
REAR SALES 4.36 m. x 4.19 m. (incorporating two treatment rooms - may be removed)
KITCHEN
W.C.
GROSS INTERNAL FLOOR AREA 66.87 M ( 720 SQ.FT.)

EXTERNALLY
Forecourt to front


1488 London Road
GROUND FLOOR RETAIL PREMISES WITH A GROSS INTERNAL FLOOR AREA OF 729 SQ.FT. ( 67.5 SQ.M.)


1486A, 1486B, 1486C & 1486D
4 residential flats sold on long leaseholds


2 Garages rear of 1484-1484 London Road

Location - The premises are located on the south side of the London Road (A13) and a short distance to the east of its' junction with Thames Drive.

Terms - Freehold for sale (subject to Section 5 notices on the long lessees)

Viewing - Viewing via prior telephone appointment with Hair and Son: .

Rates - 1484 London Road
The rateable value is £8,700 which is chargeable at 49.6p in the pound for the rating year to April 2024. Small business rate relief may apply. The lease provides for the commercial tenant to pay the business rates.

1488 London Road
The rateable value is £7,900 which is chargeable at 49.6p in the pound for the rating year to April 2024. Small business rate relief may apply. The lease provides for the commercial tenant to pay the business rates.

Vat - VAT is not payable on the purchase price.

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

Service Charge - The leases will provide for recovery of a service charge by the freeholders.