* Freehold
An end of terrace corner plot consisting of a shop, 2 flats and 2 garages
investment. Our ref: RX294243
**Location**
The property is located on the corner plot of an established parade of shops,
within close proximity to Southend Airport, providing great transport links
with a bus stop and being only 0. 8 miles from Rochford train station, which is
a mainline London Liverpool Street line station
**Tenure**
The properties are subject to the following tenancies; Shop currently let on a
20 year lease at a rental of £13, 200 per annum exclusive, 3 - bed flat current
let on an AST at £800 pcm which we feel is under market value and could
achieve £950 pcm, 2 - bed flat currently let on an AST at £1, 200 pcm and one
garage let at £200 pcm. Total current rental income of £39, 600 per annum
however, there is huge scope to increase that by letting the vacant garage and
increasing one of the flats rents to market value, which would increase the
passing rent by a further £4, 200 per annum
**Premises**
End of terrace shop with fascia board, glazed frontage and single glazed
entrance door leading into the premises which measures approximately 691 sq.
Ft. Currently trading as a fish & chip shop.
3 - bed maisonette arranged to provide a large lounge, 3 x double bedrooms,
kitchen and a bathroom.
2 - bed flat arranged to provide lounge, kitchen, bathroom, 2 double bedrooms
with the main bedroom having an ensuite bathroom and the entire flat finished
to a very high specification.
Two garages one benefitting from electric door, the other being manually
operated.
We feel there is also potential for the property to be converted or
redeveloped subject to planning, either converting the property into an Airbnb
or HMO, alternatively looking into developing the property into a block of
flats
**Legal Costs**
The shop is subject to a rateable value of £4, 250 resulting in zero businesses
rates payable, should small business rate relief apply to a tenant
**Business Rates**
The shop is subject to a rateable value of £4, 250 resulting in zero businesses
rates payable, should small business rate relief apply to a tenant
**Disclaimer**
Whilst every care is taken to ensure that these particulars are correct,
accuracy is no way guaranteed and none of the information supplied forms part
of any contract. Acceptance of these particulars constitutes a contract to the
effect that all negotiations for the business or property will be made through
Gilbert & Rose otherwise the purchaser will be equally responsible with the
vendor for damages equal to the amount of our commission

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