This property is not currently available. It may be sold or temporarily removed from the market.
For Sale
Property Details
495 Sq Ft
£110,000
Guide Price
Property Summary
For Sale Freehold - Neighbourhood Parade Retail Investment
Property Features
- 495 sqft (46 sqm)
- Producing £8,654 rent per year
- Includes ground rent of upper parts
Full Details
Location
The property forms part of Grange Parade, a neighbourhood parade of shops, which lies of Grange Road. Grange Road connects with Southend Road (A129) which leads to Billericay centre and Wickford.
Description
The property offered for sale is the freehold of 6 & 6a Grange Parade which comprises a ground floor retail unit currently operating as a hair salon and the ground lease of the above 2 bedroom flat.
Accommodation
6 Grange Parade - A ground floor retail unit measuring 496 sqft on a net internal basis.
Terms
The property is available freehold subject to the lease to the hair salon lease which is on a 10 year term from 09-05-2024 at a current rent of £8,604 pa. In addition the freehold of the upper parts is included which comprises a 2 bedroom flat sold by way of a 99 year lease from 15-12-1987, producing an annual ground rent of £50.
Total annual income - £8,654.00
Price
£110,000
Energy Performance Rating
D 79
Business Rates
The ground floor retail unit has a rateable value of £11,750
Value Added Tax
Value added tax is not applicable to the purchase price
Legal Costs
Each party to bear their own legal costs.
Further Information & Viewings
Contact MJM Property Consultants
enquiries@mjmpropertyconsultants.co.uk
