FOR SALE - FREEHOLD INVESTMENT - 9.3% YIELD

Property Description

A tenanted, freehold, double fronted, terraced building situated on a popular shopping parade and within walking distance to Shoebury Railway Station offering direct access to London Fenchurch Street.

Accommodation
The ground floor retail unit has been measured on a Net Internal (NIA) basis and the following approximate floor areas calculated:

Ground Floor: 1800 sq. ft. (167 sq. ms.)
1 x Studio Apartment
2 x 1 Bed Apartments
2 x 2 Bed Apartments

Income
The ground floor retail unit is currently occupied on a 5 year lease producing £20,000. per annum.
The apartments currently produce £78,000
Total = £98,000 per annum.

Features
• 5 x Newly Refurbished Apartments.
• Fully Tenanted.
• Good Transport Links.
• Approximately 1800sq. ft. Retail Unit.
• Freehold.
• 9.3% Yield.

Terms
The property is offered for freehold sale, subject to an asking price of £1,050,000. (plus VAT if applicable)

Planning
Interested parties are recommended to make their own enquiries with the Local Planning Authority to ensure that any proposed us is in accordance with the current planning policy. Telephone Southend Borough Council on 01702 215378

Services
We understand that the property benefits from all mains services but interested parties are advised to make their own enquiries to ensure their presence and adequacy.

Business Rates
The property appears on the 2023 Rating List as Offices & Premises with an adopted rateable value of £15,000.

EPC
The property has an Energy Performance Certificate (EPC) rating of B-36, valid until 17th July 2034.

Legal Fees
The property has an Energy Performance Certificate (EPC) rating of B-36, valid until 17th July 2034.

Viewing
Please contact Matt Parsons
1702 311143 / 07766 736546
matt@dedmangray.co.uk