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Dedman Gray are situated in Southend on Sea, covering South East Essex. We are an independent property consultancy firm offering a wealth of experience in every aspect of Estate Agency including, Commercial Sales and Lettings, Business Sales, Property Auctioneers &amp; Sales &amp; Lettings for up market properties. Other services we are offer are commercial management, acquisitions, Landlord and Tenant advice, surveyors and the provision of associated professional services. Feel secure in the knowledge that our dedicated and well trained staff will always strive to act in the best interest of the client, achieving the best possible outcome.

Dedman Gray - Commercial

DESCRIPTION: A mixed investment opportunity comprising 2 shops, one let with an income of £18,000pa, the other at £12,000pa, with four 1 bedroom flats above producing a total ground rent of £1,360pa, & therefore a yield of approx. 8% on the asking price.

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Commercial property for sale in Southend-On-Sea

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Within the next 3 months

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Property on Southchurch Road for sale

Property for sale

All measurements are approximate & have been measured on a gross internal basis:24 Southchurch Road (Retail Shop): 511 Sq.Ft.26 Southchurch Road (Take Away/Restaurant) 990 Sq.Ft.Both have rear parking with vehicular access.

Property

Mixed Investment OpportunityComprising 2 Shops & 4 FlatsAdjacent City CentreRent Roll £31,360PAYield Of 8% On Asking PriceWalking Distance Of Both Stations

Features

Freehold, subject to the tenancies referred to.

Tenure

24 Southchurch Road: 20 year lease from August 2024. Rent £12,000pa with 5 yearly rent reviews, the next in August 2029.26 Southchurch Road: 20 year lease from 28th June 2013. Rent £18,000pa with 5 yearly rent reviews, the next in June 2023.Flat numbers 1, 2 & 4 were sold on long leases from 5th October 2007 for 125 years, each producing a ground rent of £340pa. The lease in respect of flat 3 was granted for 99 years from 1st July 2004 with a ground rent of £340pa.

Tenancy Schedule

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

Legal Fees

Southend Central

Southend Victoria

Southend East

A mixed investment opportunity comprising 2 shops, one let with an income of £18,000pa, the other at £12,000pa, with four 1 bedroom flats above producing a total ground rent of £1,360pa, & therefore a yield of approx. 8% on the asking price.

Property for sale

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