*Guide | £120,000 (plus fees)
- Retail Property (high street)
- Tenure: Leasehold.
Call the team on 01702 939933 for more information
Leasehold Lock up RETAIL INVESTMENT Currently let producing £13,55 (rent review outstanding)
Situated in this popular neighbourhood parade, nearby occupiers include The Post Office and Tesco Express. The property comprises a Lock up Shop let to Day Lewis PLC one of the largest independent pharmacy chains in Europe with over 260 stores. There is also a 2 bed self-contained flat but this has been sold off on a long lease. The Shop and Flat are held on 99 year leases from 25/03/1965 with almost 65 years remaining on the Lease. The current Rent receivable is £13,500 pax. A Rent review (by reference to increase in RPI) was due on 1st July 2022. This was not implemented. With time not being of the essence we see no reason why this review cannot be conducted now and backdated rent due recovered.
Tenure
Leasehold.
Lock Up Shop
Retail Area Internal Width 3.99m (13'1") Shop Depth 15.5m (49'8") Rear lobby 2.08m (6'10") x 1.62m (5'4") WC 1.91m (6'3") x 1.62m (5'4") Rear Stores 2.69m (9''1") x 1.79m (5'10") + 1.79m (4'10" x 1.36m (3'10)
Retail Area
60 sq.m (650 sq.ft.)
Total internal floor area
74.13 sq .m (798 sq.ft.)
Leasehold Information
Term: 99 years from 25 March 1991 (64 years remaining) Annual ground rent amount: Please refer to Legal Pack Ground rent review period: Please refer to Legal Pack Annual service charge amount: Please refer to Legal Pack Service charge review period: Please refer to Legal Pack
Council Tax Band (Flat)
B
Business Rates
According to the Valuation Office website the shop has a current rateable value of £11,750 with effect from 1 April 2023.
Energy Efficiency Rating (EPC)
Current Rating SHOP - C; FLAT - E
Services
Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.
Local Authority
Basildon District Council
Solicitors
Jefferies Solicitors, Ref: Amelia Hayes, Tel: 01702 443478
Important Notice to Prospective Buyers:
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Additional Fees
Buyer's Premium - £1200 inc VAT payable on exchange of contracts.
Administration Charge - £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.
Disclaimer: The map preview provided above is for general guidance only and may not accurately reflect the exact location or surrounding buildings. Prospective buyers and interested parties are strongly advised to independently verify the precise location and surroundings before bidding.
Floor Plans
Click the image to view the full-sized floorplan.
