Lot 7

FREEHOLD BUILDING WITH FLAT FOR INVESTMENT

21, 21A & 21B Southend Road, Grays, Essex, RM17 5NH
21, 21A & 21B Southend Road, Grays, Essex, RM17 5NH
Sold After

Currently let at £9,661 per annum

A building comprising of three units with parking at the rear. The shop, which trades as Thurrock Jewellery Co Ltd, faces onto Southend Road with the ground floor studio apartment and one bedroom first floor maisonette being accessed via the service road at the rear of the property. The shop and ground floor studio have both been sold on long leases for which the freeholder receives ground rent. The first floor maisonette has uPVC windows and has been let on an Assured Shorthold Tenancy.

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

21 Southend Road

Ground Floor Shop

Tenure

Sold on a 99 year lease, from the 24th June 1983 (63 years remaining), to Thurrock Jewellery Co Ltd, 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 at a current rental of £800 per calendar month.

21B Southend Road

Ground Floor

Studio Apartment

Tenure

Sold on a 99 year lease, from 22nd February 1984 (64 years remaining), at a current ground rental of £35 per annum.

Viewing

First floor maisonette only which is strictly by prior confirmed appointment with the Auctioneers. Interested applicants are requested not to contact the tenants or leaseholders directly.

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/