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London Road, Westcliff-on-Sea

£265,000
  • Ref: 17022
  • Availability: For Sale
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Property Summary

SOLD PRIOR TO AUCTION... A Freehold mixed commercial investment comprising a ground floor lock up shop, occupied by the same user for a number of years and a 3 bedroom self contained first floor flat let on an Assured Shorthold Tenancy. Currently producing £17,800 per annum.

Full Details

ACCOMMODATION
GROUND FLOOR SHOP

Front sales area: 29'2'' x 14'8'' (8.89m x 4.47m)
Rear sales area: 13'2'' x 10'10'' (4.01m x 3.3m)
Kitchen/staff room: 10'9'' x 8'5'' (3.27m x 2.56m)
Internal w.c. and lobby: 10'10'' x 3'4'' (3.3m x 1.01m)

EXTERIOR
Side Access leading to a 50' approx. rear garden offering potential for extension, subject to all necessary consents.

NOTE
There is potential for rear access subject to rights being agreed with the neighbour. Interested parties are advised to rely on their own enquiries.

FIRST FLOOR FLAT

Landing
Lounge
Kitchen
Bedroom 1
Bedroom 2
Bedroom 3
Bathroom/w.c.

Tenancies:
Ground floor shop let on a 12 year Lease expiring 2029 with a Tenants break at year 6 at a current rent of £7,900 per annum.
First floor flat let on an Assured Shorthold Tenancy commencing 21st October 2019 for a period of 12 months at a rent of £825 per calendar month (£9,900 per annum) thus producing £17,800 per annum. A rent review is due 10th July 2020.

Tenure: Freehold

VIEWING
By appointment with the Auctioneer and at the courtesy of the Tenants.