Lot 113: FREEHOLD INVESTMENT OPPORTUNITY

Available At £140,000
21, 21a & 21b Southend Road,
Grays,
Essex. RM17 5NH

Currently let at 9,000 per annum plus ground rental income

Viewing by arrangement with Clive Emson Auctioneers

01245 205778

Martin Hardy/Paul Bridgeman

This mid-terrace property is situated in a diverse parade of shops along Southend Road and is close to the local amenities that Grays has to offer. The mainline railway station with its C2C service is just over a mile away providing access into the City via London (Fenchurch Street).

The building comprises a ground floor shop which faces onto Southend Road and a ground floor studio apartment to the rear, both of which have been sold on long leases.

There is also a first floor maisonette which has uPVC windows and is being offered subject to an existing Assured Shorthold Tenancy. There is also off-road parking to the rear of the property.

21 Southend Road

Ground Floor Shop

Tenure

Sold on a 99 year lease, from the 24th June 1983, at a current ground rental of 26 per annum.

21A Southend Road

First Floor Maisonette

Entrance hall with stairs to first floor. Landing, living room, bedroom, kitchen, bathroom with W.C.

Tenancy

Let on an Assured Shorthold Tenancy Agreement at a current rental of 750 per calendar month.

21B Southend Road

Ground Floor Studio Apartment

Tenure

Sold on a 99 year lease, from 22nd February 1984, at a current ground rental of 35 per annum.

Residential EPC: G

Map

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The map and satellite images are based on postcode information and are available for for directions only. The may not necessarily show the exact lot being offered, but will be in close proximity. Please refer to the sale plan in the legal documentation for precise details of the lot to be sold.