Property for sale
Property description & features
- Tenure: Freehold
- Freehold Commercial Investment property with part vacant possession
- Ground floor shop with basement plus office accommodation on first and second floors
- Separate entrance for first and second floor office accommodation
- Parking at rear of building
- Located in prime are of Upminster close to Upminster Station
DESCRIPTION
The property comprises a mid-terraced building erected in 1907. It comprises a ground floor shop with basement used as a retail card shop together with office accommodation at first and second floor level approached by an independent front entrance leading off Station Road. There is also parking space at the rear of the building. The ground floor shop is currently producing a rental income of £21,000 per annum exclusive.
ACCOMMODATION
The accommodation comprises:
62 Station Road
Shop area 14' 7" x 36' 0"
Rear store 6' 6" plus recess x 11' 2"
Basement 18' 7" x 43' 2" (maximum)
Basement office 11' 0" x 15' 0" (maximum)
Basement kitchen 5' 8" x 8' 1"
Basement WC
62a Station Road
First Floor
Landing
Front Office 18' 10" x 16' 5" (into bay)
Middle Office 11' 8" x 13' 3"
Rear Office 13' 4" (maximum) x 22' 0"
Kitchen 6' 9" x 5' 7"
Lower First Floor
One office 15' 2" (into bay) x 10' 2"
Kitchen 9' 4" x 8' 4"
Separate WC
Second Floor
Landing
Front Office 19' 2" x 14' 0"
Rear Office 12' 9" x 10' 7"
Kitchen 5' 0" x 6' 7"
Separate WC
Third Floor
Landing area giving access to main roof.
TERMS OF TENANCY
62 Station Road
The property is let under a lease for a term of 10 years from 25 December 2016. The rent currently payable is £28,600 per annum exclusive. There is a rent review due on 25 December 2024.
The Lease is on internal repairing terms and the Lessee is obliged to reimburse a fair proportion of the costs incurred by the Landlord in maintaining the roof, foundations and structural parts of the building.
The Lessee is responsible for reimbursement of a fair proportion of the Buildings Insurance Premium and for payment of all outgoings of a recurring nature.
The property is used as a retail card shop with provision for a change of use to one falling within the former Use Class A1.
62a Station Road
This part of the property is offered with vacant possession throughout.
RATEABLE VALUE
62 Station Road - £15,750
62a Station Road - £15,250
ENERGY PERFORMANCE
The property has been assessed within the following bands:
62 Station Road - Band D
62a Station Road - Band D
Places of interest
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*DISCLAIMER
Property reference DPJW070224. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Gates Parish & Co - Upminster.
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Broadband availability and predicted speed
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
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Mobile phone signal availability and predicted strength
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Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
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