This mid terraced property comprises a substantial mixed commercial and residential freehold property of traditional construction. The ground/basement and part first floor are currently let as a bookmakers. The remainder of the first floor and second floor are divided into five one bedroom flats.
The premises is located at the busy junction of the Hamlet Court Road and the London Road (A13) leading to Southend Town Centre and surrounding areas.
The premises have been measured on a net internal basis: Commercial: Basement: 334.76 Sq Ft 31.10 Sq M Ground Floor: 1,762.06 Sq Ft 163.70 Sq M First Floor: 813.75 Sq Ft 75.60 Sq M Residential: First Floor: 2 x 1 Bed Flat Second Floor: 3 x 1 Bed Flat
Guide Price: £800,000 for the freehold interest.
Each party to be responsible for their own legal costs.
The ground/basement and part first floor are let to Barclays Bank on a 20 year FRI lease from 26th May 2006 at a rent of £25,000 per annum (currently assigned to Vegas Betting Limited). The five one bedroom flats on the first and second floor are currently let at a rent £24,000 per annum to one individual who currently sublets each unit.