SOUTHCHURCH ROAD, SOUTHEND

0.00 - 380.00 Sq Ft
£120,000
£0
  • Ref: 16922
  • Availability: Available
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Property Summary

The property is located on the north side of Southchurch Road within the established and popular Southchurch Village shopping area. The premises trades as a charity shop and is held on a full repairing and insuring lease expiring in July 2021 at a rent passing of £7,200 per annum exclusive. The flat over has been sold on a new long ground lease at a nominal ground rent.

At the time of preparing these details we have been unable to inspect these retail premises.

WE ARE INVITING OFFERS IN EXCESS OF £120,000 FOR OUR CLIENT'S FREEHOLD INTEREST IN THESE PREMISES

Full Details

LOCATION
The property is located on the north side of Southchurch Road, as short distance from its' junction with Lovelace Gardens

DESCRIPTION
A tenanted commercial shop with a ground rent income from the flat over .

ACCOMMODATION
The shop has a sales area of 223 sq.ft. + ancillary storage of 157 sq.ft.

TERMS
Offers in excess of £120,000 are invited for our client's freehold interest in these premises with the benefit of the income from the shop of £7,200 per annum and the ground rent income from the flat over

OUTGOINGS
The rateable value is £4,800 which is chargeable at 49.1p in the pound for the rating year to April 2020. Small business rate relief may apply.

VAT
The property is 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 front of the premises and the Ilfracombe Road municipal car park is a short distance away.

PLANNING
A1 retail use

VIEWING
Prior telephone appointment