London Road, Westcliff-on-Sea, Essex, SS0
£375,000

Guide price

LOCATION:

The property occupies a landmark corner location at the junction of London & Hamlet Court Roads, Westcliff On Sea Essex.

DESCRIPTION:

Freehold Retail Shop/Showroom & Premises occupying a strategic landmark location on London Road Westcliff. In a total of some 1,700 sq.ft., partially let, but with full vacant possession available. Flats above producing a ground rent of £200pa. Offered by way of an asset sale only following the owners retirement.

Property Impressive glazed principal & return frontages, the ground floor comprises a total of approx. 1,700 sq.ft., the majority of which is occupied by our Clients who have operated their business since 2007. In addition, to the rear and side there are various rear stores and other ancillary areas, including WC's and kitchen. The balance is occupied by a well-known Taxi Co-Operative.

Location The property occupies a landmark corner location at the junction of London & Hamlet Court Roads, Westcliff On Sea Essex.

Tenure Freehold. The 2 flats above were sold on long leases on the 1st March 2001 for 175 years & 125 years, both attracting a ground rent of £100pa. Part of the overall ground floor, some 700 sq.ft.) is let to a Taxi Co-Operative producing a rental income of £9,000pa paid monthly in advance. Vacant possession of this part is possible with 3 months notice.

Business Rates The ground floor is covered by two rating assessments of £9,200 and £11,750.

Legal Fees Each party is to be responsible for their own legal fees.

Viewing All appointments to view are to be accompanied, by prior arrangement, via Gerard Biagioni of the vendors Sole Agents Dedman Gray Property Consultants.

01702 781134

Dedman Gray

103 The Broadway, Thorpe Bay, Essex

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