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69, 71 & 71A, West Road, Southend-on-sea, SS3 9DT

MIXED INVESTMENT: A FREEHOLD BLOCK COMPRISING OF TWO COMMERCIAL UNITS AND ONE RESIDENTIAL UNIT OFFERING A POTENTIAL INCOME OF £25,...
Location: 69, 71 & 71A West Road, Southend-on-sea, SS3 9DT
Property type: Flat, General Retail, Residential, Retail
Tenure type: For Sale Freehold
Tenancy type: Investment
Size: 353 - 383 Sq Ft
MIXED INVESTMENT: A FREEHOLD BLOCK COMPRISING OF TWO COMMERCIAL UNITS AND ONE RESIDENTIAL UNIT OFFERING A POTENTIAL INCOME OF £25,920 PA

Placed within the West Road main commercial area is this Freehold mixed block consisting of two commercial units, one flat and the freehold to 69a. The flat and one of the commercial units are currently let producing an annual income of £18,720. It is considered that once the Vacant commercial unit is let out the whole investment could achieve £25,920 PA, a yield of just over 10% on the guide price.

Guide Price
£250,000 PLUS FEE'S

Tenure
Freehold

Accommodation
69 West Road measures approximately 353 Sq Ft

71 West Road measures approximately 383 Sq Ft

We understand from the seller that the Flat offers Lounge, Kitchen, Bedroom, Bathroom.

N.B.
Please note that the flat had not been inspected by Dedman Gray at the time this catalogue was produced.

Lease Details
Please see legal pack for details

EPC Rating
69 - TBC71 - TBC71a - TBC

Rent Reserved
69 West Road is currently in use as a takeaway, paying £800 PCM71a West Road is a One bed flat paying £760 PCM.71 West Road is a commercial unit currently vacant but it is considered that it could achieve £600 PCM (£7200 PA)

Auctioneers Note
The investment is sold as a freehold including the ground rents to 69a

Viewing
By appointment with the Auctioneers

Please contact us for more information
Email: auction@dedmanauctions.com

Tel: 01702 311010
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