0.00 - 340.00 Sq Ft
  • Ref: 16831
  • Type: Retail, Office
  • Availability: Sold STC
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Property Summary

An unusual opportunity to acquire a freehold lock up shop located on the High Road, Benfleet

The property comprises a lock up shop which has traded as a jewellers for in excess of 50 years and within the same family ownership. The shop occupies a good located on the High Road, adjoining Grouts the Bakers - other trades represented close by are the Co-Op (home also to the Post Office), TSB Bank, and Greggs the Bakers. The shop would suit a variety of retail uses, a sale to a jeweller would be considered although the premises are not being sold as a going concern.

The shop benefits from an alarm system and CCTV which will remain in place if required.

The residential accommodation over is sold on a 199 year ground lease from 25th December 1986, at a fixed ground rent of £50 per annum. We are advised that the lease for the flat provides for a contribution towards common party maintenance including the roof. The freeholder insures the building and recovers 50% of the premiuim

Full Details

The property is located on the south side of the High Road, Benfleet and a short distance from its' junction with Kents Hill Road

A vacant lock up shop with ground rent income from the flat over

SHOP 22'1" x 17'3 with a light partition after 11'7" to provide a rear workroom
Door to rear yard with one designated parking space

The flat over is sold on a 199 year lease at a fixed ground rent of £50 per annum.

Mains electricity and water

£110,000 is required for our client's freehold interest in these premises with the benefit of vacant possession of the shop on completion and the ground rent income from the flat over.

The rateable value is £5,400 which is chargeable at 49.6p. in the pound for the rating year to April 2019. Small business relief may apply.

To be confirmed

Each party to be responsible for their own legal costs.

One parking space to the rear. On street parking close by and a municipal car park close by.

Prior telephone appointment