Property for sale
Westcliff On Sea £90,000
The premises are siuated along the London bound side of the A13 London Road. Westcliff train station is just 0.65 miles away, and there is ample parking available along the London Road for visiting shoppers.
A Freehold Investment, the premises being situated on the London Road (A13). London Road is a bustling location, the property being close to Tesco Extra, Aldi and Marks & Spencer's petrol station. Let on a 6 year lease from April 2012 producing an income of £8,000 per annum.
Accommodation All floor areas are approximate and have been measured on a net internal basis. The retail area measures approximately 470 sq.ft. plus the kitchen and toilet facilities.
Features Lock Up Retail Shop Freehold Investment Approx 470 Sq Ft Busy A13 Location Producing £8,000 Per Annum
Terms Freehold subject to a 999 year lease of the upper parts, and occupational lease of the ground floor for 6 years from the 1st April 2012 producing a rental income of £8,000 per annum, with provision for a rent review in April 2015.
Services Although we are advised that the unit benefits from main services, we would recommend that all interested parties check with the relevant statutory authorities as to the existence, adequacy or otherwise of these.
Business Rates The property is entered on the 2010 Rating List as shop and Premises with a rateable value of £4,500. Being below the £6,000 threshold, qualifying tenants will be able to claim 100% relief.
Viewing By prior appointment with Dedman Gray Commercial on 01702 311111.
Neighbourhood average sold house prices