For Sale By Auction | 12.00, 30 October 2019 | Lot 29

146-152 London Road, Grays, Essex, RM17 5YD

*Guide | £975,000+ (plus fees)

  • Commercial Property
  • 11 Bedrooms
  • Tenure: Freehold

Call the team on 020 7625 9007 for more information

Auction Date

Wed 30/10/2019

Auction Time

12.00

Auction Venue

London Marriott Hotel Regents Park, 128 King Henry’s Road, London, NW3 3ST

Viewing Times:

Mon 14 Oct

16:00-16:45

Sat 19 Oct

12:00-12:45

Fri 25 Oct

16:00-16:45

A Substantial Mixed Use Investment Producing £72,228 per annum with Potential for Rental Uplift to £85,000 per annum Comprising 4 x Retail Units & 7 x Self-Contained Flats (3 x Studio Flats, 1 x Two Bed & 3 x Three Bed Flats).

146 - 152 London Road comprises a two storey mixed-use building consisting of 4 x A1 retail units at ground floor level extending to approximately 2,353 sq ft in total and 7 x residential units located to the rear and above the retail units.

Tenure

Freehold

Lots 29 and 30 To Be Offered Either Individually or Collectively

Location

The property occupies a prominent position on the corner of London Road and Parker Road a predominantly residential road in Grays. The open spaces of Grays Beach Riverside Park are nearby. Transport links are provided by Grays rail station.

Current Rent Reserved

Current Rent Reserved £72,228 per annum. Potential ERV of £85,000 per annum.

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Additional Fees

Administration Charge - Purchasers will be required to pay an administration fee of £900 inc VAT

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.