From
£135,000
Property for saleBridge Road, Grays RM17
Auction
About this property
Investment let at £15,000
P.a. (11.11% giy on guide)
New 999 year lease (virtual freehold) to be granted on completion
2022 rent review outstanding
Located in an established parade in a predominantly residential area.
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Strapline
Auction Sale - 18/04/2023
Of interest to Investors
A virtual freehold shop let on a 15 year lease from 2017.
Investment let at £15,000 p.a.
Description
The property is an end of terrace lock up shop situated over ground and Basement. The property is part of an established shopping parade located in a predominately residential area.
Location
The property is located between the junctions of Grove Road and William Street.
Grays Train station is located an approx. 0.6 miles from the property
Transport
Grays Train Station - National rail services.
Tenancy
36 Bridge Road
Accommodation
Please note the approximate areas have been provided by the vendor and the property has not been inspected by Savills
Basement - An approx. 13.75 sqm (148 sq ft)
Ground Floor - An approx. 42.45 sqm (457 sq ft)
Total - An approx. 56.2 sqm (604 sq ft)
Auction Sale - 18/04/2023
Of interest to Investors
A virtual freehold shop let on a 15 year lease from 2017.
Investment let at £15,000 p.a.
Description
The property is an end of terrace lock up shop situated over ground and Basement. The property is part of an established shopping parade located in a predominately residential area.
Location
The property is located between the junctions of Grove Road and William Street.
Grays Train station is located an approx. 0.6 miles from the property
Transport
Grays Train Station - National rail services.
Tenancy
36 Bridge Road
- Let to Mah Pharma Limited (T/A Steve's Chemist)
- 15 year fr&I lease from 19/06/2017
- Rent deposit of £7,500 held
- Investment let at £15,000 p.a.
Accommodation
Please note the approximate areas have been provided by the vendor and the property has not been inspected by Savills
Basement - An approx. 13.75 sqm (148 sq ft)
Ground Floor - An approx. 42.45 sqm (457 sq ft)
Total - An approx. 56.2 sqm (604 sq ft)
Mortgage calculator
Monthly repayment
£675 per month
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