London Road, Westcliff-on-Sea, Essex, SS0
£375,000
Guide price
Guide price
DESCRIPTION:
A freehold, double fronted, retail outlet situated on the south side of the popular London Road (A13) Westcliff. Short stay roadside parking bays are available outside the premises. The freehold consists of 2 flats above sold off on leases.
Accommodation The ground floor retail unit has been measured on a Net Internal (NIA) basis and the following approximate floor areas calculated:
Ground Floor: 1951 sq. ft. (167 sq. ms.)
Rear Store: Approx. 476 sq.ft. (44 sq. ms.)
Income The ground floor retail unit is currently occupied on a 20 year lease producing £18,750. Plus VAT per annum.
Ground Rent: We have been informed that ground rents have not been collected in recent years for 296a & 298a London Road. 298a has 63 years remaining on their lease.
Features • 3 Phase Power.
• Tenant in Occupation.
• Good Transport Links.
• Busy Main Road Location.
• Freehold.
• 2 x Flats Sold off on Leases
• Flat 298a has 63 Unexpired Years Remaining
Terms The property is offered for freehold sale, subject to an asking price of £375,000. plus VAT.
Planning Interested parties are recommended to make their own enquiries with the Local Planning Authority to ensure that any proposed us is in accordance with the current planning policy. Telephone Southend Borough Council on 01702 215378.
Services We understand that the property benefits from all mains services but interested parties are advised to make their own enquiries to ensure their presence and adequacy.
Business Rates The property appears on the 2023 Rating List as a Shop & Premises with an adopted rateable value of:
296 London Road £9,900.
298 London Road £10,750.
EPC Awaiting receipt.
Legal Fees Each party to bear their own.
Viewing Arrangements Strictly via prior appointment with the sole selling agents, Dedman Gray Commercial.
A freehold, double fronted, retail outlet situated on the south side of the popular London Road (A13) Westcliff. Short stay roadside parking bays are available outside the premises. The freehold consists of 2 flats above sold off on leases.
Accommodation The ground floor retail unit has been measured on a Net Internal (NIA) basis and the following approximate floor areas calculated:
Ground Floor: 1951 sq. ft. (167 sq. ms.)
Rear Store: Approx. 476 sq.ft. (44 sq. ms.)
Income The ground floor retail unit is currently occupied on a 20 year lease producing £18,750. Plus VAT per annum.
Ground Rent: We have been informed that ground rents have not been collected in recent years for 296a & 298a London Road. 298a has 63 years remaining on their lease.
Features • 3 Phase Power.
• Tenant in Occupation.
• Good Transport Links.
• Busy Main Road Location.
• Freehold.
• 2 x Flats Sold off on Leases
• Flat 298a has 63 Unexpired Years Remaining
Terms The property is offered for freehold sale, subject to an asking price of £375,000. plus VAT.
Planning Interested parties are recommended to make their own enquiries with the Local Planning Authority to ensure that any proposed us is in accordance with the current planning policy. Telephone Southend Borough Council on 01702 215378.
Services We understand that the property benefits from all mains services but interested parties are advised to make their own enquiries to ensure their presence and adequacy.
Business Rates The property appears on the 2023 Rating List as a Shop & Premises with an adopted rateable value of:
296 London Road £9,900.
298 London Road £10,750.
EPC Awaiting receipt.
Legal Fees Each party to bear their own.
Viewing Arrangements Strictly via prior appointment with the sole selling agents, Dedman Gray Commercial.
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