Retail premises for sale in 638 London Road, Westcliff-On-Sea, Essex SS0
* Calls to this number will be recorded for quality, compliance and training purposes.
Property description
For sale by auction on Wednesday, 24 Jul 2024 at 11:00
Venue: Livestream Auction
Substantial mixed use Investment compromising of an office and three flats
A substantial mixed use Investment with much improved accommodation arranged over three floors and comprising a ground floor office, one 1 bed flat and two 2 bed flats. Situated in an popular and prominent position on the London road A13. There is a small garden and four private car parking spaces to the rear.
Total current Income £43,800 pax
Ground Floor
Lock up office with on forecourt parking space producing £5400 pa
638C one bedroom rear flat with small garden producing £9600 pa
Communal entrance leads from London road frontage to flat 638a and 638b
First Floor
638A - Two bedroom flat with terrace producing £14,400 pa
Second Floor
638B - Two bedroom flat with terrace producing £14,400 pa
Thus pricing £43,800 per annum.
Exterior
Shared Driveway leads from London Road
To rear private car park with space for 4 cars
Business Rates
According to the Valuation office website the lock up office has a rateable value of £2,950 with effect from 1st April 2023
EPC Rating: D, E, F
Additional Fees
Administration Charge - 0.3% inc VAT of the purchase price, subject to a minimum of £1200 inc VAT, payable on exchange of contracts.
Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Price Information
* Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
Additional Fees Information
Please be aware there may be additional fees payable on top of the final sale price. This includes and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.
For more information about this property, please contact
Auction House East Anglia, NR4 on +44 1603 963883 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Auction House East Anglia, and do not constitute property particulars. Please contact Auction House East Anglia for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.