Southend-on-Sea, Essex, SS1
Business rates & charges may apply
- SIZE
Ask agent
- SECTOR
Commercial property for sale
Key features
- Investment Opportunity
- Mixed Use Freehold
- Total Income £71,000.
- 2 Bed & 3 Bed Self Contained Flats
- Reversionary Potential at Lease Expiry
- Excellent Transport Links
Description
A terraced mixed use freehold investment opportunity currently producing a total income of £71,000 pa. The ground floor comprises of approximately 2,394 sq. ft. and is let to a 'Costa Coffee' producing an income of £41,000. pa +VAT. On the 1st floor and 2nd floors, there is a 3 bedroom large self-contained flat and 2 bedroom flat currently let on a rolling periodic tenancies producing a total income of £30, 000. pa. This property benefit from secure tenancies at rents below prevailing market levels, providing an attractive opportunity for rental growth.
Accommodation
Ground Floor (Costa Coffee) Approx. 2,394 sq. ft. (222.4 sq. m.) 1st & 2nd Floor Flats: Not Measured
Features
Investment Opportunity Mixed Use Freehold Total Income £71,000. 2 Bed & 3 Bed Self Contained Flats Reversionary Potential at Lease Expiry Excellent Transport Links
EPC
B-26 Valid Until 7/10/2034
Tenure
The Freehold is available at £1,100,000. (plus VAT if applicable)
Business Rates
The property is entered on the most recent rating list with a rateable value of £43,500.
Tenancy Schedule
Full lease terms and tenancy schedule are available upon request.
Services
Although we are advised that the property benefits from main services, we would recommend that all interested parties check with the relevant statutory authorities as to the existence, adequacy or otherwise of these.
Legal Fees
Each party to be responsible for their own legal costs.
Viewing
By prior appointment with Matt Parsons of Dedman Gray Property Consultants on Mobile .
Brochures
Southend-on-Sea, Essex, SS1
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Southend Central Station0.1 miles
- Southend Victoria Station0.2 miles
- Prittlewell Station0.8 miles
Notes
Disclaimer - Property reference DCM260033. 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 Property Consultants Limited, Thorpe Bay. 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.