Lot Details

Lot 11: Investment

Guide Price: £550,000

Sold for: £525,000

Tenure: Freehold

Bedrooms: n/a

Address:
374 - 378 (and flats) London Road
Westcliff-on-Sea

Essex SS0 7HZ

Please contact us for more information

Email: auction@dedmanauctions.com

Tel: 01702 311010

Description

COMMERCIAL INVESTMENT OPPORTUNITY: TO BE SOLD AS ONE LOT – THREE LET SHOP PREMISES (ONE DOUBLE UNIT) AND SIX FLATS LET ON ASSURED SHORTHOLD TENANCIES

Location
Situated in a busy trading position close to the junction of Hamlet Court Road and London Road.
 

Description
The lot to be sold includes three titles:
374, 374A & 374B London Road
Lock-up shop approximately 350ft² with two x 2 bedroom flats above
Held under one title – EX150186
 

376-378 London Road (double shop unit) approximately 675ft²
376A, 376B, 378A & 378B London Road (Four x 2 bedroom flats above)
Held under two titles EX158281 & EX 158184
 

The buildings form part of what is commonly known as Mehmet Court.
 

Tenure
Freehold
 

For all details regarding leases and Assured Shorthold Tenancies please refer to the legal pack for more information.
 

CURRENT RENT RESERVED
We are advised that the current rent reserved is £71,000
We are awaiting an up to date rent schedule from the receivers
 

Viewing
Please contact the Auctioneer for dates and times for viewing

Solicitors: Walker Morris Solicitors, Kings Court, 12 King Street, Leeds, West Yorkshire Tel: 0113 283 2500
steven.young@walkermorris.co.uk