Auction Venue Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
On behalf of Morrisons
Property Information
Location
Miles
8 miles south-west of Southend-on-Sea, 17 miles south of Chelmsford, 35 miles east of Central London
Roads
A130, A13, M25 (Junction 29)
Rail
Benfleet Railway Station
Air
London Southend Airport
Situation
Canvey Island is an established and popular Essex seaside resort/town, situated 8 miles from Southend-on-Sea. The property occupies a prominent corner site at the junction of Hilton Road and
Link Road in a densely populated residential area.
Tenure
Freehold.
Location
Miles
8 miles south-west of Southend-on-Sea, 17 miles south of Chelmsford, 35 miles east of Central London
Roads
A130, A13, M25 (Junction 29)
Rail
Benfleet Railway Station
Air
London Southend Airport
Situation
Canvey Island is an established and popular Essex seaside resort/town, situated 8 miles from Southend-on-Sea. The property occupies a prominent corner site at the junction of Hilton Road and
Link Road in a densely populated residential area.
Tenure
Freehold.
Description
The property comprises retail and ancillary accommodation on the ground floor with a three bedroom flat on the first floor. The property has an approximate site area of 0.19 hectares (0.47 Acres) with on-site car parking. There is an electricity sub-station on site.
Six Week Completion
Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises retail and ancillary accommodation on the ground floor with a three bedroom flat on the first floor. The property has an approximate site area of 0.19 hectares (0.47 Acres) with on-site car parking. There is an electricity sub-station on site.
Six Week Completion
Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
15 years from completion on a full repairing and insuring lease
£55,000
On the fifth anniversary of the term and five yearly thereafter in line with RPI (2)
Electricity Sub-station
EASTERN POWER NETWORKS PLC
42 years from 1 October 1979 until 2021
£5.00
Totals
364.91 sq m
(3,928 sq ft)
£55,005
(1) WM Morrsion has been trading for over 100 years and operates 500 supermarkets and 150 Morrison Locals throughout the UK with over 117,000 employees. (Source: www.morrisons-corporate.com). (2) The lease provides for the rent to be reviewed on the fifth year of the term and five yearly thereafter in line with the Retail Price Index (RPI), subject to a minimum of 1% and a maximum of 3%.
Contacts
Seller's Solicitors
Gordons LLP Forward House, Duke Street Bradford West Yorkshire BD1 3QX
