London Road, Leigh-On-Sea SS9
* Calls to this number will be recorded for quality, compliance and training purposes.
Property features
- Freehold for sale
- Prominent location
- Attractive investment
- Shop & 3 flats
- Independently rented out
Property description
Situated along London Road, which is one of the main thoroughfares running through Leigh-on-Sea, nearby retailers include Waitrose, Sainsburys and a variety of other successful businesses.
Leigh-on-Sea is a charming coastal town situated along the Thames Estuary, known for its picturesque old town, sandy beaches, and vibrant arts scene. It's part of the larger Borough of Southend-on-Sea.
Description:
A modern new built property consisting of a retail unit trading as fast food takeaway and
3 self-contained flats accessed from an independent street entrance.
Size and Dimensions:
Takeaway Unit
Shop 258.33 ft2 24 m2
Prep Area 185.35 ft2 17.22 m2
Rear Store 130.67 ft2 12.14 m2
Covered Stores 206.68 ft2 19.2 m2
Studio with shower & WC 172.22 ft2 16 m2
Total Combined Area 953.25 ft2 88.56 m2
Upper Flats
Flat 1 (1st floor front) 409 ft2 Integral Kitchen/Diner, Bedroom, Bathroom
Flat 2 (1st floor rear) 494 ft2 Integral Kitchen/Diner, Bedroom, Bathroom
Flat 3 (top floor) 702 ft2 Kitchen, Lounge, Bedroom, Bathroom
Plans available upon request
Tenure: Freehold
Tenant information:
Takeaway Unit Presently Holding over at £7,200 pax (erv £13,000 pax)
Flat 1 (1 Bed) £10,800 pa periodic tenancy
Flat 2 (1 Bed) £10,800 pa periodic tenancy
Flat 3 (1 Bed) £10,800 pa periodic tenancy
Total Income £40,500 pax (erv £48,300 pax)
Our Opinion on Capital Value of each Part
Commercial at £7,200 pax @ 7% niy = £100,000
Commercial at £13,000 pax @ 7% niy = £185,000
Flat 1 - 409 ft2 £200,000
Flat 2 - 494 ft2 £200,000
Flat 3 - 702 ft2 £225,000
Purchase Price: Guiding at £625,000 subject to contract.
Legal Costs:
Each party to pay for their own legal fees
Anti-Money Laundering
Due to recent changes in the Anti Money Laundering regulation, it is now standard procedure to undertake a Personal and Company and general aml checks, admin cost of £350 + VAT.
Property info
* Sizes listed are approximations. Please contact the agent to verify actual sizes.
For more information about this property, please contact
Countrywide Commercial, IG8 on +44 20 3641 1628 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Countrywide Commercial, and do not constitute property particulars. Please contact Countrywide Commercial for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.