A FREEHOLD COMMERCIAL INVESTMENT comprising a shop with a two bedroom flat above producing a gross yield of over 9% (if purchased at guide price).
A terraced shop currently trading as a sandwich 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 - 17'9 x 8'6 (5.41m x 2.59m) Preparation Area/Kitchen - 19'8 x 17'9 max. (5.99m x 5.41m) Yard and parking to rear
FIRST FLOOR FLAT
Entrance Hall Lounge - 17'9" x 10'7" (5.41m x 3.23m) Bedroom 1 - 12' x 8'4 (3.66m x 2.54m) Bedroom 2 - 10'4 x 8'5 (3.15m x 2.57m) Kitchen - 8'7 x 7'1 (2.62m x 2.16m) Bathroom/WC - 6'9 x 5'3 (2.06m x 1.60m)
Freehold, subject to a lease for a term of 12 years from 29th September 2014 with a current rent payable of £2587.50 per quarter (£10,350 p.a.)
By appointment with the Auctioneers and at the courtesy of the tenants, Tel: 01702 333399
Energy Efficiency Rating (EPC)
Current Rating Shop - TBC. Flat E
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.