Victoria Avenue, Southend-on-Sea, Essex, SS2
£177.86 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
5,032 sq ft
467 sq m
- SECTOR
Shop for sale
Key features
- Two Virtual Freehold Investments
- One Fully Equipped Supermarket/Convenience Store
- Producing Income Of £51,000PA
- Approx, 5,000 Sq.Ft. Overall
- On Busy Victoria Avenue
- Ground Floor Of Multi Storey Residential Tower
Description
Two virtual freehold investments let with an income of £51,000pa & fully equipped Supermarket/Convenience Store. Comprising a Licenced Coffee Shop, Supermarket/Convenience Store & Beauty Parlour. In some 5,000 sq.ft. overall. On the London bound side of Victoria Avenue, which has been the subject of considerable development with many of the Office towers having been converted to quality apartments.
Properties
All measurements are approximate, and were calculated on a GIA (Gross Internal Area) basis: Unit 1: 1,900 sq.ft. Unit 2: 2,200 sq.ft. Unit 3: 932 sq.ft.
Features
Two Virtual Freehold Investments One Fully Equipped Supermarket/Convenience Store Producing Income Of £51,000PA Approx, 5,000 Sq.Ft. Overall On Busy Victoria Avenue Ground Floor Of Multi Storey Residential Tower
Investment Content
Units 1 & 3 are let & produce rental incomes of £36,000pa & £15,000pa respectively + VAT. Unit 2 is vacant.
Tenure/Rent/ Service Charge
The properties are available by way of leases for terms of 191 years (virtual freehold) with ground rents payable of £350pa per Unit. The service charge estimates for the current year are £266.67p, £338.92p & £148.57p per month plus VAT.
Business Rates
The most recent rating valuations show adopted values of £21,750, £25,500 & £16,500.
Energy Performance Certificates
Copies of the EPC's are available on request. They have ratings of 'B', 'B' & 'C'.
Finance Available
Finance is available, subject to status, via the LPA Receivers.
Legal Fees
Each party is to be responsible for their own legal fees.
Viewing
All arrangements to view are via Gerard Biagioni of Dedman Gray Property Consultants on .
Brochures
Victoria Avenue, Southend-on-Sea, Essex, SS2
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Southend Victoria Station0.3 miles
- Prittlewell Station0.5 miles
- Southend Central Station0.6 miles
Notes
Disclaimer - Property reference DBS260068. 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.