£150,000
Retail premises for saleLondon Road, Leigh-On-Sea SS9
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About this property
Investment retail shop - london road, leigh-on-sea - This is an exceptional opportunity to acquire a prime retail shop investment located in a bustling area. The property comes with a reliable leaseholder already in place, ensuring a steady income stream from day one. The current tenant has a 5-year lease commencing 25th September 2023 at a current rent of £12,000 per annum exclusive, with a rent review on 25th September 2026. Note: Our client also owns the 2-bed flat above the shop and would be open to selling this also if a applicant was interested in acquiring the entire property. Don't miss out on this rare opportunity to secure a solid investment in a prime location. RX395303
Location
The premises is situated within an established parade of shops, benefitting from free lay-by parking to the front and along the road which the shop trades from. Other businesses within the parade include a beauty salon, removal company, various eateries and a convenience store
Tenancy
The current tenant has a 5-year lease commencing 25th September 2023 at a current rent of £12,000 per annum exclusive, with a rent review on 25th September 2026
Premises
A terraced retail shop with fascia board, glazed frontage and single glazed entrance door leading into the premises which measures approximately 720 sq. Ft and is arranged as follows:
Retail zone A: 321 sq. Ft.
Retail zone B: 300 sq. Ft.
Retail zone C: 19 sq. Ft.
Internal storage: 80 sq. Ft.
Note: Our client also owns the 2-bed flat above the shop and would be open to selling this also if a applicant was interested in acquiring the entire property.
Don't miss out on this rare opportunity to secure a solid investment in a prime location
Tenure
The property is availabale either on a long lease (Virtual Freehold) or with the freehold of the first floor flat under separate agreement.
The property is availabale to purchase as a whole
Business Rates
The premises is subject to a rateable value of £8,300 resulting in zero business rates payable, should small business rate relief apply to a tenant
Legal Costs
Each party to be responsible for their own legal costs incurred in the transaction
Disclaimer
Whilst every care is taken to ensure that these particulars are correct, accuracy is no way guaranteed and none of the information supplied forms part of any contract. Acceptance of these particulars constitutes a contract to the effect that all negotiations for the business or property will be made through Gilbert & Rose otherwise the purchaser will be equally responsible with the vendor for damages equal to the amount of our commission
Location
The premises is situated within an established parade of shops, benefitting from free lay-by parking to the front and along the road which the shop trades from. Other businesses within the parade include a beauty salon, removal company, various eateries and a convenience store
Tenancy
The current tenant has a 5-year lease commencing 25th September 2023 at a current rent of £12,000 per annum exclusive, with a rent review on 25th September 2026
Premises
A terraced retail shop with fascia board, glazed frontage and single glazed entrance door leading into the premises which measures approximately 720 sq. Ft and is arranged as follows:
Retail zone A: 321 sq. Ft.
Retail zone B: 300 sq. Ft.
Retail zone C: 19 sq. Ft.
Internal storage: 80 sq. Ft.
Note: Our client also owns the 2-bed flat above the shop and would be open to selling this also if a applicant was interested in acquiring the entire property.
Don't miss out on this rare opportunity to secure a solid investment in a prime location
Tenure
The property is availabale either on a long lease (Virtual Freehold) or with the freehold of the first floor flat under separate agreement.
The property is availabale to purchase as a whole
Business Rates
The premises is subject to a rateable value of £8,300 resulting in zero business rates payable, should small business rate relief apply to a tenant
Legal Costs
Each party to be responsible for their own legal costs incurred in the transaction
Disclaimer
Whilst every care is taken to ensure that these particulars are correct, accuracy is no way guaranteed and none of the information supplied forms part of any contract. Acceptance of these particulars constitutes a contract to the effect that all negotiations for the business or property will be made through Gilbert & Rose otherwise the purchaser will be equally responsible with the vendor for damages equal to the amount of our commission
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Monthly repayment
£750 per month
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