For Sale By Auction | 19:00, 02 November 2017 | Lot 1

44 & 44A Ashingdon Road, Rochford, Essex, SS4 1RD

Sold £197,000

  • Mixed Use
  • 2 Bedrooms
  • Tenure: Freehold

Call the team on 01702 33 33 99 for more information

Auction Date

Thu 02/11/2017

Auction Time

19:00

Auction Venue

The Ballroom, Park Inn Palace Hotel Church Road, Southend on Sea, Essex, SS1 2AL

Viewing Times:

Thu 12 Oct

12:00-13:00

Mon 23 Oct

10:00-10:30

Mon 30 Oct

10:00-10:30

A FREEHOLD COMMERCIAL INVESTMENT comprising a shop with a two bedroom flat above producing a gross yield of 8.5% (if purchased at guide price).

An end terraced shop currently trading as a charity 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.

Tenure

Freehold

ACCOMMODATION - GROUND FLOOR

Shop Area - 19'6 x 19'4 (5.94m x 5.89m) Rear Storage Room - 10'5 x 8'6 (3.18m x 2.59m) Small Kitchen & W.C. Yard to rear with shed/garage and parking space

FIRST FLOOR FLAT

Entrance Hall Bedroom 1 - 12'2 x 8'5 (3.71m x 2.57m) Bedroom 2 - 10' x 8'3 (3.12m x 2.51m) Lounge - 17'9 x 10'7 (5.41m x 3.23m) Kitchen - 9' x 7'4" (2.74m x 2.24m) Bathroom/WC - 6'8" x 5'3" (2.03m x 1.60m)

TENURE

Freehold. The shop is subject to a periodic lease but was originally let on a 3 year lease from 1st July 2013. The current rent is £1,250 per quarter (£5,000 p.a) The flat is let on an Assured Shorthold Tenancy for a term of 1 year from 23rd July 2012. The current rent payable is £650 pcm. (£7,800 p.a)

Viewing

By appointment with the Auctioneers and at the courtesy of the tenants, Tel: 01702 333399

Energy Efficiency Rating (EPC)

Current Rating Flat D. Shop TBC

Local Authority

Rochford District Council

Additional Fees

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.