A FREEHOLD COMMERCIAL INVESTMENT comprising a shop/showroom with a two bedroom flat above producing a gross yield of over 9% (if purchased at guide price).
An end terraced shop currently trading as a glazing showroom 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 premises not inspected by Auction House Essex.
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 new lease to be granted to Carter Glass Co. for a term of 12 years with 4 yearly rent reviews and 4 yearly break clause at a current rent of £3,000 per quarter (£12,000 p.a.)
By appointment with the Auctioneers and at the courtesy of the tenants, Tel: 01702 333399
Energy Efficiency Rating (EPC)
Current Rating 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.