Shop for sale
Property description & features
- Retail (A1)
- 2427 Approx Sq Ft
A freehold, double fronted, retail outlet situated on the south side of the popular London Road (A13) Westcliff. Short stay roadside parking bays are available outside the premises. The freehold consists of 2 flats above sold off on leases.
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: 1951 sq. ft. (167 sq. ms.)
Rear Store: Approx. 476 sq.ft. (44 sq. ms.)
Income
The ground floor retail unit is currently occupied on a 20 year lease producing £18,750. Plus VAT per annum.
Ground Rent: We have been informed that ground rents have not been collected in recent years for 296a & 298a London Road. 298a has 63 years remaining on their lease.
Features
• 3 Phase Power.
• Tenant in Occupation.
• Good Transport Links.
• Busy Main Road Location.
• Freehold.
• 2 x Flats Sold off on Leases
• Flat 298a has 63 Unexpired Years Remaining
Terms
The property is offered for freehold sale, subject to an asking price of £375,000. plus VAT.
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 a Shop & Premises with an adopted rateable value of:
296 London Road £9,900.
298 London Road £10,750.
EPC
Awaiting receipt.
Legal Fees
Each party to bear their own.
Viewing Arrangements
Strictly via prior appointment with the sole selling agents, Dedman Gray Commercial.
Property information from this agent
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*DISCLAIMER
Property reference DCM240129. 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.
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Broadband availability and predicted speed
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Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
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Mobile phone signal availability and predicted strength
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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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