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AGENT'S DETAILS


Shop 142 Hamlet Court Road, Westcliff-on-Sea SS0 7LN

For sale: £310,000.00|629 Sq Ft|Retail - High Street, Retail

PROPERTY DETAILS

FOR SALE£310,000.00
SIZE629 Sq Ft
ADDRESSShop, 142 Hamlet Court Road, Westcliff-on-Sea, SS0 7LN
TYPERetail - High Street, Retail
TENUREInvestment Opportunity
POSTED ON6th March 2020

DESCRIPTION

Situated within the principal shopping thoroughfare of Westcliff on Sea, close to main multiple retailers including Tesco Express, Savers, Greggs and Sainsbury’s in addition to a number of independent local retailers. Hamlet Court Road affords good road connections and public car parking in addition to on street parking.

The ground floor comprises of a retail unit let to the Cats Protection Trustees Ltd on a 6 year lease from 30th July 2015 at a passing rent of £9,500 per annum exclusive.

To the first floor is a 2 bedroom self-contained flat which comprises of;

Lounge: 3.20m x 3.80m
Kitchen: 2.90m x 3.10m
Bedroom 1: 3.60m x 3.20m
Bedroom 2: 2.80m x 1.60m
Shower Room: 2.20m x 2.10m
Separate W.C

This has been let for many years to the same Tenant on an Assured Shorthold Tenancy at a passing rent of approx. £6,420 per annum.

Therefore it currently produces an income of £15,920 per annum.

The property also benefits from planning consent to erect a 1 bedroom self-contained unit to the rear under planning reference 17/01910/FUL.

There is a Community Infrastructure Levy (CIL) of £1,131.85.

LOCATION

Location: Shop, 142 Hamlet Court Road, Westcliff-on-Sea, SS0 7LN

Westcliff (0.3 miles)

Southend Victoria (0.6 miles)

Southend East (0.7 miles)

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