Shop for sale
Property description & features
- Retail (A1)
- Investment
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.
Rooms
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 £70,200
Total = £90,200 per annum.
Features
• 5 x Newly Refurbished Apartments.
• Fully Tenanted.
• Good Transport Links.
• Approximately 1800sq. ft. Retail Unit.
• Freehold.
• 8.5% Yield.
Terms
The property is offered for freehold sale, subject to an asking price of £1,050,000. (plus VAT if applicable)
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.
Property information from this agent
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Property reference DCM240050. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Dedman Gray - Commercial.
OnTheMarket may have applied supplementary data to this property listing, including:
Broadband availability and predicted speed: obtained from Ofcom on February 23, 2022
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength: obtained from Ofcom on February 23, 2022
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
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