SOUTHCHURCH ROAD, SOUTHEND

£130,000
  • Ref: 16921
  • Availability: For Sale
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Property Summary

The property comprises a tenanted lock up shop and ground rent income over.

The shop has been extensively refurbished internally by the existing tenant and trades as a tea rooms. The premises are held on a full repairing and insuring lease for a term of expiring in 2022 at a rent passing of £8,000 per annum, the current lease is within the security of tenure provisions of the Landlord and Tenant Act 1954. The flat over has recently been sold on a new long ground lease with a nominal ground rent of £ ?? per annum.

INVITING OFFERS IN EXCESS OF £130,000

Full Details

LOCATION
The property is located on the north side of Southchurch Road within the popular Southchurch Village shopping area

DESCRIPTION
A tenanted commercial investment with ground rent income from the flat over

ACCOMMODATION
SHOP 15'7" x 20' archway leading to
REAR SALES 14'1 x 14'4"

REAR STORE ROOM incorporating w.c. 12'9" X 11'4"

GROSS INTERNAL FLOOR AREA 656 SQ.FT. (61 SQ.M.)

SERVICES
Mains electricity and water

TERMS
Offers in excess of £130,000 are required for our client's freehold interest in these premises with the benefit of the income from the commercial tenancy in place and ground rent from the flat over.

OUTGOINGS
The rateable value is £6,700 which is chargeable at 49.1p. in the pound for the rating year to April 2020

VAT
Not VAT elected

LEGAL COSTS
Each party to be responsible for their own legal costs.

SERVICE CHARGE
Not applicable

PARKING NOTES
On street parking to the frontof the property and Ilfracombe Road municipal car park opposite.

VIEWING
Prior telephone appointment