Investment Consideration:
Vacant possession
VAT is NOT applicable to this property
Comprises semi-detached ground floor shop with outbuildings for storage, self-contained 2-bedroom flat above and additional plot of land at rear (0.07 acres) with benefit of vehicular access
Development potential to extend existing property at rear and loft and develop additional residential dwelling on the plot of land, subject to obtaining the necessary consents
Nearby occupiers include William Hill and Co-Op Food, amongst other local retailers.
Property Description:
The property comprises semi-detached ground floor shop with outbuildings for storage, self-contained 2-bedroom flat above and additional plot of land at rear (0.07 acres) with benefit of vehicular access, providing the following accommodation and dimensions:
Ground Floor Shop: 55 sq m (592 sq ft)
Open plan retail, Kitchenette, Storage, WC
First Floor Flat: 55 sq m (592 sq ft)
2 Bedrooms, Kitchen, Living Room, Bathroom
Property benefits from development potential that would enable the extension of the existing flat into the loft to accommodate three bedrooms, as well as the creation of additional residential units by extending the rear of the property and developing the additional plot of land, subject to obtaining the necessary consents.
Location:
Aveley is a town and former civil parish in the unitary authority of Thurrock in Essex, England, and forms one of the traditional Church of England parishes. Aveley is 16 miles (26.2 km) east of Charing Cross. In the 2021 United Kingdom census it had a population of 9,801. The town is located on the very edge of Greater London and is roughly bounded to the north and west by the London Borough of Havering, to the south by the A13 road and to the east by the M25 motorway. The nearest places are Purfleet, South Ockendon, Wennington and Rainham. The property is located in the heart of the town centre with nearby occupiers including William Hill and Co-Op Food, amongst other local retailers.
