London Road, Leigh-on-Sea, Essex, SS9

£650,000

Guide price

DESCRIPTION:

This Freehold investment is situated along the busy London Road with nearby occupiers including Waitrose and Sainsburys. The 3 x one bed apartments are let out on Assured Shorthold Tenancies and the commercial retail unit is currently trading a a fast foor takeaway. The lease commence 15/01/2009 for a period of 15 years and the current tenant is therefore holding over at a passing rent of £7,200 per annum.

Accommodation The following measurements are approximate and have been calculated on a Net Internal (NIA) basis:

Retail Unit: 765 sq. ft.

Studio with Shower & WC 170 sq. ft

First Floor Flat 1 = 409 sq. ft.

First Flat 2 = 494 sq. ft.

Second Floor Flat = 702 sq. ft.

Tenancy Schedule Commercial Unit - Holding over @ £7,200 pa.

Flat 1 - £10,800 pa. (Periodic Tenancy).

Flat 2 - £10,800 pa. (Periodic Tenancy).

Flat 3 - £10,800 pa. (Periodic Tenancy).