Shop let to a hairdresser/beautician with separately accessed three-bed maisonette above , let on an AST
Immediate Asset Management Opportunities (Lease and AST tenants holding over)
Maisonette accessed from London Road
VAT-free investment
Popular and affluent seaside town
Situated within an established local parade on London Road (A13)
Occupiers nearby include Tesco Express, Co-operative convenience store and a number of independent traders within the parade.
Lot 1
Auction 15th February 2024
Rent £29,400 per Annum Exclusive
Status Sold
Price £351,000
Sector High Street Retail, Residential
Auction Venue Live Streamed Auction
On Behalf of Receivers
Property Information
Location
Miles
3 miles west of Southend-on-Sea, 37 miles west of Central London
Roads
A13, A127, A129, A1158,
Rail
Leigh-on-Sea Railway Station
Air
London Southend Airport
Situation
Leigh-on-Sea is a popular seaside town approximately 3 miles west of Southend-on-Sea town centre, and accessible via the A127. The property is prominently situated along a parade of independent shops, on the busy London Road (A13). Occupiers nearby include Tesco Express, Co-operative convenience store and a number of independent traders within the parade.
Tenure
Freehold.
Location
Miles
3 miles west of Southend-on-Sea, 37 miles west of Central London
Roads
A13, A127, A129, A1158,
Rail
Leigh-on-Sea Railway Station
Air
London Southend Airport
Situation
Leigh-on-Sea is a popular seaside town approximately 3 miles west of Southend-on-Sea town centre, and accessible via the A127. The property is prominently situated along a parade of independent shops, on the busy London Road (A13). Occupiers nearby include Tesco Express, Co-operative convenience store and a number of independent traders within the parade.
Tenure
Freehold.
Description
The property comprises a shop arranged on the ground floor with a separately accessed 3-bed maisonette arranged on the first and second floors, accessed from the front. To the rear of the property, there is a small garden and gate, leading to 2 car parking spaces which are accessed via a shared roadway running behind the parade.
VAT
VAT is not applicable to this lot.
Note
This property is being marketed for sale on behalf of Fixed Charge Receivers and therefore no warranties, representations or guarantees are given or will be given in respect of the information in this brochure or any matter relating to the property, including VAT. Any information provided is provided without liability for any reliance placed on it and the Receivers acting without personal liability. The Receivers are not bound to accept the highest or any offer.
EPC
Band E
Description
The property comprises a shop arranged on the ground floor with a separately accessed 3-bed maisonette arranged on the first and second floors, accessed from the front. To the rear of the property, there is a small garden and gate, leading to 2 car parking spaces which are accessed via a shared roadway running behind the parade.
VAT
VAT is not applicable to this lot.
Note
This property is being marketed for sale on behalf of Fixed Charge Receivers and therefore no warranties, representations or guarantees are given or will be given in respect of the information in this brochure or any matter relating to the property, including VAT. Any information provided is provided without liability for any reliance placed on it and the Receivers acting without personal liability. The Receivers are not bound to accept the highest or any offer.
EPC
Band E
Tenancy & Accommodation
Floor
Use
Floor Areas Approx sq m
Floor Areas (Approx sq ft)
Tenant
Term
Rent p.a.x.
Ground
Retail/Ancillary
69.49
(748)
AN INDIVIDUAL (t/a Glam-Iris Hair and Beauty) (1)
Approx 3 years from 07/08/2020 until 31/07/2023 (Holding Over)
£12,600 (2)
First/Second
Residential - 3 bedrooms, lounge/kitchen, two bathrooms
90.95
(979)
AN INDIVIDUAL
AST 1 year from 16/01/2023 at £1,400 pcm (Holding Over)
£16,800
Total
160.44
(1,727)
£29,400
(1) Glam-Iris Hair and Beauty is a boutique hair salon in Leigh-on-Sea (www.glam-iris.co.uk). (2) A rent deposit of £2,100 is held by the landlord.
If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
