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Agent's details

Property agent

342 London Road, Westcliff-on-Sea SS0 7JJ

For sale: £135,000.00|872 Sq Ft|Retail - High Street, Retail

Property details

FOR SALE£135,000.00
SIZE872 Sq Ft
ADDRESSShop, 342 London Road, Westcliff-on-Sea, SS0 7JJ
TYPERetail - High Street, Retail
TENUREFor Sale Freehold
POSTED ON9th October 2021

Description

Situated on the prominent London road, we are pleased
to offer for sale this investment of a ground floor shop with
yard area.

The property is currently let at £9,600 per
annum with 4 years remaining on the current lease and a
first floor ground rent investment. The lease was extended
on 10/12/2010 to a 99 year lease, so it has approx. 90
years left to run with a ground rent of £50 per annum.
The premises benefits from a modern shop front leading
to a retail area with a rear store and kitchen / WC, to the
side is a storage shed and walk in fridge.

ACCOMMODATION
Main Shop Area 726sq ft
Storage area 133 sq.ft.
Facilities include a kitchen and W.C

TENURE
Flat
99 year lease from 10/12/2010.
Ground rent £50 per annum
Shop
Shop currently let to a Hiwa Hussain on a lease
starting on 13/12/19 for a period of 5 years, at a
rental of £9,600 per annum.
Total income: £9,600 per annum

PRICE
£135,000 for the freehold, plus VAT if applicable.


LEGAL COSTS
Each party to be responsible for their own legal
costs.

EPC
Awaiting certificate

Viewing
By appointment with Ayers & Cruiks

Location

marker
Location: Shop, 342 London Road, Westcliff-on-Sea, SS0 7JJ

Westcliff (0.4 miles)

Southend Victoria (0.5 miles)

Southend East (0.6 miles)

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