Retail premises for sale

Retail shop, 2 bed flat & lock-up garage investment - london road, leigh-on-sea, SS9 2SQ. Shop approx. 851 sq. Ft. Let upon a 3-year lease from 25/01/22 at a rental of £9,500 per annum. The first-floor flat is let upon an assured shorthold tenancy at a rental of £825 per month. The garage is offered with vacant possession. Total current rental income £19,400 per annum. Our ref: I6557E 262448

Location

The property is situated on the north side of the London Road (A13) between the junctions of Sydney Road and Barnard Road

Tenure

For sale freehold subject to the following tenancies:

The shop is let upon a 3-year lease (granted outside the Landlords and Tenants Act) from 25/01/22 at a rental of £9,500 per annum. The first-floor flat is let upon an assured shorthold tenancy at a rental of £825 per month. The garage is offered with vacant possession.

Total current rental income £19,400 per annum

Premises

A terraced 2-storey property comprising of a retail shop, 2 bedroom first-floor flat and lock-up garage and parking to the rear.

The accommodation is arranged as follows:

Retail shop with large single-glazed frontage. Main sales area measuring approx. 409 sq. Ft. Opening to: Further sales area approx. 299 sq. Ft. Incorporating a partitioned storeroom. Kitchen/WC approx. 94 sq. Ft. Door to the rear. Stock room approx. 49 sq. Ft. Detached garage accessed via a rear service road off Sydney Road. 1 parking space.

Self-contained first-floor flat with front entrance, staircase rising to: Landing with built-in storage cupboard, doors to: Living room approx. 11'9 x 19'8. Kitchen approx. 13' x 9'11. Bedroom 1 approx. 13'5 x 10'5. Bedroom 2 approx. 9'4 x 8'10. Bathroom/WC (3-piece suite).

Note: The flat benefits from gas central heating (combi boiler, not tested) and double glazing

Council Tax

The shop has a rateable value of £7,400 payable by the tenants. The flat has a council tax band A payable by the tenants

Legal Costs

Each party are to be responsible for their own legal costs incurred in this transaction

Disclaimer

Whilst every care is taken to ensure that these particulars are correct, accuracy is no way guaranteed and none of the information supplied forms part of any contract. Acceptance of these particulars constitutes a contract to the effect that all negotiations for the business or property will be made through Gilbert & Rose otherwise the purchaser will be equally responsible with the vendor for damages equal to the amount of our commission