Southend-On-Sea - 0 bed - £170,000 - Dedman Residential

Property details

Bedrooms: 0

DESCRIPTION:
Occupying a bold corner position, this semi-detached freehold investment currently generates an income of £10,000 per annum and currently let on an 20 Year Lease to a Chinese Noodle Bar. The ground floor retail element totals 845 Sq Ft and is accompanied by a generous two Bedroom flat. The property also benefits from an off street parking area, large enough for two vehicles.

Description Occupying a bold corner position, this semi-detached freehold investment currently generates an income of £10,000 per annum and currently let on an 18 Year Lease to a Chinese Noodle Bar. The ground floor retail element totals 845 Sq Ft and is accompanied by a generous two Bedroom flat. The property also benefits from an off street parking area, large enough for two vehicles.

Location This property is situated on the corner of a retail parade on Sutton Road and Ruskin Avenue. Sutton Road offers very high footfall and traffic. The property is only a short walk from Prittlewell station. Other local traders in the area include, an Off Licence, Salon and a Fast Food Takeaway.

Accomodation All measurements are approximate and have been taken on a gross internal basis: Ground floor retail area: 845 Sq Ft Upstairs (Unmeasured): 2 Bedroom flat

Features Corner Plot Close to Prittlewell Station Investment opportunity Two Bedroom first floor flat Freehold

Terms The premises is available freehold at a price of £170,000. The Lease granted on the property is dated 19th November 2010 for a term of 20 years. Review dates are every 5th year and there are no break clauses. A copy of the Lease is held by us and can be viewed upon request.

Services Although we are advised that the unit benefits from mains services, we would recommend that all interested parties check with the relevant statutory authorities as to the existence, adequacy or otherwise of these.

Planning Interested parties are recommended to make their own enquiries with the Local Planning Authority to ensure that any proposed use is in accordance with the current planning policy. Telephone Southend Borough Council on 01702 215000.

Viewing By prior appointment with Dedman Gray Commercial of 01702 311 111.