Lot 115 - FREEHOLD COMMERCIAL INVESTMENT

Sold £644,000

Currently let at £14,250 per annum

Clarence Road is situated in the heart of Grays town centre, a short distance from the High Street and shopping centres. Grays railway station offers a regular service to London (Fenchurch Street) and Southend. The building is arranged over two levels comprising care facilities on the ground floor and offices above. Furthermore there is car parking to the rear.

The building may offer potential for extension and conversion to other uses, subject to all necessary consents being obtainable.

Ground Floor

Reception, main day room, inner hallway with two cloakrooms/W.C., sensory room, dining/games room, kitchen.

First Floor

Landing, three offices, further office/meeting room, two cloakroom/W.C.s.

Outside

Car parking to the rear, accessible from Cart Lane.

Tenancy

Let on a 5 year commercial lease from 1st April 2017 at a current rental of £14,250 per annum. However, we are advised by the seller that the tenant will be vacating on 31st March 2022.

Local Planning Authority

Thurrock Council. Tel: 01375 652652. Website: thurrock.gov.uk.

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/