Lot 5

FREEHOLD MIXED USE INVESTMENT OPPORTUNITY

1737 London Road, Leigh-on-Sea, Essex, SS9 2SW
1737 London Road, Leigh-on-Sea, Essex, SS9 2SW
Withdrawn After

Currently let at £32,900 per annum

This Freehold investment opportunity located in a popular location amongst other shops with parking and is on a local bus route. The property comprises a lock up shop, two two bedroom flats and an one bedroom flat, all currently let.

Ground Floor

Shop

Retail unit, storage area and door to rear accessway.

Tenancy

Currently let on a 12 year lease from 4th December 2013 at a current rental of £8,000 per annum.

Flat C

Access via rear accessway, kitchen, reception area, shower room, living room, two bedrooms.

Tenancy

Let on an Assured Shorthold Tenancy Agreement from 13th November 2017 at £650 per calendar month.

First Floor

Flat B

Landing, doors to hallway, shower room, kitchen/reception room, bedroom.

Tenancy

Let on an Assured Shorthold Tenancy Agreement from 1st January 2018 at £625 per calendar month.

First/Second Floor

Flat A

Entrance hall, shower room, bedroom, open plan living room/kitchen, stairs to second floor bedroom and en suite shower room.

Tenancy

Let on an Assured Shorthold Tenancy Agreement from 11th June 2018 at £800 per calendar month.

Video

To see a video of the property click here

Important

All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers Solicitors), together with the Addendum, which will be available on Auction Day.

* Price Information

Guides are provided as an indication of each Seller’s minimum expectation. They are not necessarily figures at which a property will sell for and may change at any time prior to Auction. Unless stated otherwise, each Lot will be offered subject to a reserve (a figure below which the Auctioneer cannot sell the Lot during the Auction).

We expect the reserve will be set within the guide range or no more than 10% above a single figure guide. Please check our website regularly at cliveemson.co.uk, or contact us on 01622 608400, in order to stay fully informed with the up-to-date information.

Additional Fees

An Administration fee and Other non-optional fees may also be payable in addition to the bid price. All lots are offered subject to the Common Auction Conditions and Special Conditions of Sale or Revised Special Conditions of Sale (as applicable) and may include the repayment of search and other fees and or costs payable by the buyer.

All buyers are advised to inspect all available legal documentation prior to bidding and will be deemed to fully understand what they may be liable for if they are successful in purchasing. This should also include Stamp Duty, Land Registry fees and VAT which may become payable on completion in line with any property transaction, whether it is by auction or private treaty. If, as a buyer, you are in doubt you should seek advice from your own professional advisors. For more information on fees please go to cliveemson.co.uk/buyers-fees/