Substantial mixed use Investment compromising of an office and three flats currently producing £43,800 pax. Planning permission granted for penthouse flat to second floor

A substantial mixed use Investment with much improved accommodation arranged over three floors and comprising a ground floor office, one 1 bed flat and two 2 bed flats. Planning permission granted for penthouse flat to second floor. Situated in an popular and prominent position on the London road A13. There is a small garden and four private car parking spaces to the rear. Total current Income £43,800 pax Planning reference number: 22/00663/FUL

Tenure

Freehold

Ground Floor

Lock up office with on forecourt parking space producing £5400 pa 638C one bedroom rear flat with small garden producing £9600 pa Communal entrance leads from London road frontage to flat 638a and 638b

First Floor

638A - Two bedroom flat with terrace producing £14,400 pa

Second Floor

638B - Two bedroom flat with terrace producing £14,400 pa Thus pricing £43,800 per annum.

Exterior

Shared Driveway leads from London Road To rear private car park with space for 4 cars

Business Rates

According to the Valuation office website the lock up office has a rateable value of £2,950 with effect from 1st April 2023

Viewings

Individual viewings can be arranged and the next is on Monday 9th Septembet. Please call the Chelmsford Office on 01702 939933 to book an appointment.

Energy Efficiency Rating (EPC)

Current Rating D, E, F

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Local Authority

Southend on Sea Borough Council

Solicitors

Giles Wilson Solicitors, Ref: Craig IMERSON, Tel: 01702 477106

Additional Fees

Administration Charge - 0.3% inc VAT of the purchase price, subject to a minimum of £1200 inc VAT, payable on exchange of contracts.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.