Property Summary
The property consists of a trading retail premises offering bicycle sales and repairs. The tenant in place currently pays an annual rent of £9,000 per annum on a monthly rolling contract. There is a further 2/3 bedroom ground floor/first floor maisonette which is in need of complete modernisation. There are further storage sheds located to the rear of the premises which may provide the opportunity for re-development (subject to the necessary planning consents).
The premises can be offered with full vacant possession.
Early viewing recommended.
Full Details
LOCATION
Located within Milton Road just off of London Road.
DESCRIPTION
A lock up retail premises with a ground/first floor 2/3 bedroom maisonette with additional storage sheds/garage to the rear.
ACCOMMODATION
GROUND FLOOR COMMERCIAL:
GROSS INTERNAL FLOOR AREA: 374 SQ.FT (34.8 SQ.M)
MAISONETTE:
GROUND FLOOR ENTRANCE LOBBY
DINING ROOM: 12'11" x 10'5"
KITCHEN: 7' x 10'
STAIRS LEADING TO:
LOUNGE: 13'4" x 15'4"
BEDROOM 1: 12'3" x 10'5"
W/C
BEDROOM 2: 10' x 10'6"
ADDITIONAL REAR ROOM: 10'6" x 10'4"
EXTERNALLY:
STORAGE SHED
GARAGE
AMENITIES
Local amenities include main bus links and within close proximity to both Westcliff Railway Station and Southend Victoria Railway Station.
SERVICES
Services include mains gas, water and electricity.
TERMS
£360,000 is required for our clients freehold interest in this premises.
OUTGOINGS
The April 2023-2024 Rateable value for the premises is £4,950 and rated at 0.49p in the pound. Small business rate relief may apply.
VAT
VAT not applicable.
LEGAL COSTS
Each party is to be responsible for their own legal costs.
SERVICE CHARGE
N/a.
PLANNING
Class E.
VIEWING
By prior appointment via Hair and Son 01702 394959 (Option 3).