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for sale

195 -201A High Street, Canvey Island

POA

£600,000

2

Property Features

OCCUPANTS IN-SITU
AGREEMENTS ALREADY IN PLACE BETWEEN LANDLORD AND OCCPUANTS
ANNUAL RENT OF GBP 41,200 COLLECTIVELY FOR THE PARADE
FUTURE SCOPE FOR DEVELOPMENT
OFF STREET PARKING
AGREEMENTS AVAILABLE FOR INSPECTION
2X LARGE FLATS TO THE FIRST LEVEL
4 X COMMERCIAL UNITS TO GROUND LEVELS
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Property Details

To the ground level there are 4 X SHOPS, 2 of which belong to a CHINESE TAKE AWAY under a FULLY REPAIRING AND INSURING LEASE, INSIDE THE LANDLORD AND TENANT ACT which expires on the 30th SEPTEMBER 2023; one unit is used as a LAUNDRETTE and is on a SHORT TERM LEASE, which expires on 30th SEPTEMBER 2022; the last unit to the ground floor is utilised as a DOG GROOMERS, currently under a FULLY REPAIRING and INSURING, SHORT TERM LEASE OUTSIDE THE LANDLORD AND TENANT ACT, which expires on the 31st DECEMBER 2022. To the first Level there are 2X LARGE 2 BEDROOM FLATS; one of which is occupied under the COMMERCIAL LEASE of the CHINESE TAKE WAY and the other is on a RESIDENTIAL AST (ASSURED SHORTHOLD TENANCY AGREEMENT), which expires on the 31st MAY 2022 (copies of all agreements are kept in the office for inspection upon application). Collectively the rents for the parade are currently GBP 41,800 PA. There is a large area for COMMUNAL PARKING TO THE SIDE and REAR of the parade and POTENTIAL SCOPE FOR FUTURE DEVELOPMENT, making this an IDEAL INVESTMENT PURCHASE. Please note this property was sold prior to going on the market.

IMPORTANT NOTICE
Descriptions of the property are subjective and are used in good faith as an opinion and NOT as a statement of fact. Please make further specific enquires to ensure that our descriptions are likely to match any expectations you may have of the property. We have not tested any services, systems or appliances at this property. We strongly recommend that all the information we provide be verified by you on inspection, and by your Surveyor and Conveyancer.
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