£299,950 for the Freehold FOR SALE

RAYLEIGH ROAD, Leigh on Sea, SS9 5UZ

1,122 Sq Ft (104 Sq M) | Retail, Investment

Key features

  • MIXED USE FREEHOLD PROPERTY
  • VACANT REFURBISHED FIRST FLOOR FLAT
  • SHOP LET 6 YEARS FROM 5TH MAY 2018 @ £8,000 P.A.
  • CLOSE TO A127

Full description

The property is an end of terrace building comprising of a ground floor shop currently trading as Precision Hairdressers with self contained 2 bedroom flat above which is currently vacant. To the side is off street car parking with yard/garden area to rear with shed storage.



The shop comprises of retail area to front with further office/treatment rooms, kitchen and toilet to rear fitted to the tenants specification.



The first floor flat has recently been extensively refurbished to a high standard and comprises of open plan kitchen/lounge with bathroom, two bedrooms, storage cupboard, loft for storage.



The recent flat refurbishment included:



New Upvc double glazed windows and entrance door

New fitted grey high gloss kitchen units with integrated appliances - double oven, extraction unit fridge freezer, washing machine and dishwasher

Fully Certified rewire

New Gas boiler and radiators

Smoke alarms and Heat detectors

New bathroom suite with shower, toilet, extraction unit, sink, cabinet and towel rail radiator

LED spotlighting throughout

New grey oak effect laminate flooring to lounge/kitchen and bathroom

New carpets to bedrooms

New internal doors and door furniture

Location
The property is located on the western side of the busy Rayleigh Roiad (A1015) adjacent to the Eastwood Academy School and midway between Kent Elms Corner (A127) and Rochford Corner close by.

Accomodation
Shop 61.40 m2 ( 661 sqft ) Flat 42.94 m2 ( 462 sqft ) Parking Space to side Yard/Garden to rear Tenancies: The shop is let on a 6 year lease from 5th May 2018 at a passing rent of £8,000 per annum on effective FRI terms with rent review due 2021. The flat is currently vacant following the recent refurbishment with an estimated rental value of c £850 pcm.

Price
£299,950 for the freehold subject to the occupational tenancy.

Legal costs
Each party to be responsible for their own legal costs.

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