A FREEHOLD COMMERCIAL INVESTMENT comprising a shop/takeaway with a two bedroom flat above producing a gross yield of over 8.5% (if purchased at guide price).
A terraced shop currently trading as a fish & chip shop together with a two bedroom flat above, situated on a parade of shops in the popular village of Rochford, approximately 4 miles from Southend on Sea.
ACCOMMODATION - GROUND FLOOR
Shop Area - 19'1" x 13'1" (5.81m x 3.99m) Preparation Area - 19'1 > 11'5" x 10'8" (3.25m x5.81m > 3.48m) Small Kitchen & W.C Yard to rear with shed
FIRST FLOOR - FLAT
Entrance Hall Bedroom 1 - 12' x 8'4" (3.66m x 2.54m) Bedroom 2 - 10'4" x 8'3" (3.15m x 2.51m) Lounge - 17'8" x 10'6" (5.38m x 3.2m) Kitchen - 8'8" x 7'1" (2.64m x 2.16m) Bathroom/WC - 6'8" x 5'3" (2.03m x 1.60m)
Freehold, subject to a lease for a term of 12 years from 4th August 2014 with a current rent payable of £2,750 per quarter (£11,000 p.a)
By appointment with the Auctioneers and at the courtesy of the tenants. Tel: 01702 333399
Energy Efficiency Rating (EPC)
Current Rating Shop - D. Flat TBC
Rochford District Council
Buyer's Premium - £1800 inc VAT payable on exchange of contracts.
Administration Charge - £720 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.
Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.