No longer on the market
This property is no longer on the market
MapMixed use
Features and description
- Freehold Investment
- Mixed Use
- Three Shops
- Five Residential
- Great Redevelopment Opportunity
Council tax band: TBC
We offer for sale this large Freehold Investment opportunity located close to Southend High Street. The ground floor retail has been run as a family business for over 40 years and comprises of three shops, all now open plan along with a large Warehouse to the rear. Above, there are four one bedroom flats plus a two bedroom maisonette. The maisonette could potentially be split into two one bedroom flats, increasing rental returns.
Terms
The property in its entirety is being offered for £1,300,000. The ground floor retail space will be vacated and the residential are partially occupied. Full rent details are available upon request.
Accommodation
Retail One 55.51sqm (597.51 sqft)
Retail Two 57.85sqm (622.70 sqft)
Retail Three 57.42sqm (618.70 sqft)
Warehouse 76.14sqm (819.57 sqft) plus W/C
Office 8.21sqm (88.37 sqft)
Four, One Bedroom Flats
One, Two Bedroom Maisonette
Planning
Interested parties are advised to contact Southend on Sea Planning Department to ensure that any proposed use in in accordance with current planning policy.
Business Rates
The premise known as 36 Southchurch Road is on the 2017 rating list as a Shop and Premise with a rateable value of £9600
The premise known as 38-40 Southchurch Road is on the 2017 rating list as a Shop and Premise with a rateable value of £20,750.
Legal Costs
Each party are responsible for their own legal costs.
Viewing Arrangments
Viewings are strictly by appointment, please contact the sales team on[use Contact Agent Button]
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