TENANTED COMMERCIAL PREMISES
£95,000 Guide Price
INVESTMENT OPPORTUNITY...
A Freehold Tenanted commercial premises, currently Let at a Rent of £9,500 per annum for a period of 5 years commencing October 2023.
Accommodation
ACCOMMODATION
SHOP 15'8'' 14'3" + 13'3" x 12'4" (4. 77m x 4.
34m + 4. 03m x 3.
75m)
REAR SALES 14'4" x 11'4" (4. 36m x 3.
45m)
security grilles to side windows
STORE ROOM 11'4" x 7'4" (3. 45m x 2.
23m)
INTERNAL W. C.
EXTERNALLY: CONCRETED YARD AREA 17'11" X 8'7"
ENERGY PERFORMANCE RATING - TBC
The property is located on the north side of Southchurch Road, within the popular Southchurch Village shopping area and comprises a tenanted ground floor shop with long leasehold flat over.
TENANCY: The property is currently Let on a 5 year Lease commencing October 2023 at a rent of £9,500 in year one and rising by £250 per annum in each of the following years.
The flat above is sold on a 199 year Lease from 2019 producing £155 per annum. 10 yearly reviews in line with RPI
TENURE: Freehold.
VIEWING: By appointment with the Auctioneer and at the courtesy of the Tenants.
.