Lot 29
Commercial Property - Commercial Property
146-152 London Road
Grays, Essex, RM17 5YD
Still available. Please refer to Auctioneer for Reserve
A Substantial Mixed Use Investment Producing £72,228 per annum with Potential for Rental Uplift to £85,000 per annum Comprising 4 x Retail Units & 7 x Self-Contained Flats (3 x Studio Flats, 1 x Two Bed & 3 x Three Bed Flats).
Lots 29 and 30 To Be Offered Either Individually or Collectively
Description
Tenure
Location
Current Rent Reserved
Accommodation Schedule
| Property | Floor | Accommodation | Lessee | Lease Terms | Current Annual Rent |
|---|---|---|---|---|---|
| 146 | Ground | Internet Cafe (A1 Use). Measuring Approx. 632 sq ft (59 sq m) | Demuch Ltd | 12 month lease from 01/06/2018 for £930 pcm | £11,160 |
| 146B | First | Reception Room, Two Bedrooms, Kitchen, Bathroom. Measuring Approx. 602 sq ft (56 sq m) | Demuch Ltd | 12 month AST from 31/07/2018 for £600 pcm | £7,200 |
| 148 | Ground | Hairdressers (A1 Use) Measuring Approx. 572 sq ft (56 sq m) | I Cudjoe | 12 month lease from 01/10/2018 for £527 pcm | £6,324 |
| 148A | Ground (rear) | Self-Contained Studio Flat with Kitchen and Shower Room. Measuring Approx. 279 sq ft (26 sq m) | Demuch Ltd | ( included in 146 lease) | - |
| 148B | First | Reception Room, Three Bedrooms, Kitchen, Bathroom. Measuring Approx. 602 sq ft (56 sq m) | V Gunathilake & S Wansantha | 12 month AST from 22/12/2018 for £650 pcm | £7,800 |
| 150 | Ground | Hairdressers (A1 Use) Measuring Approx. 579 sq ft (54 sq m) | I Cudjoe | 12 month lease from 02/04/2018 for £527 pcm | £6,324 |
| 150A | Ground (rear) | Self-Contained Studio Flat with Kitchen and Shower Room. Measuring Approx. 258 sq ft (24 sq m) | D Hudson | 6 month AST from 19/11/2018 for £450 pcm | £5,400 |
| 150B | First | Reception Room, Three Bedrooms, Kitchen, Bathroom. Measuring Approx. 602 sq ft (56 sq m) | S Adelima & M Guiconnan | 6 month AST from 19/11/2018 for £650 pcm | £7,800 |
| 152 | Ground | Pet Shop (A1 Use) Measuring Approx. 570 sq ft (53 sq m) | M Obidzinska | 12 month lease from 01/08/2018 for £600 pcm | £7,200 |
| 152A | Ground (rear) | Self-Contained Studio Flat with Kitchen and Shower Room. Measuring Approx. 258 sq ft (24 sq m) | R Spinato | 6 month AST from 22/12/2018 for £450 pcm | £5,400 |
| 152B | First | Reception Room, Three Bedrooms, Kitchen, Bathroom. Measuring Approx. 602 sq ft (56 sq m) | S Lopes | 6 month AST from 1/10/2018 for £635 pcm | £7,620 |
Additional Fees and Disclaimer
Administration charge: £1,500 including VAT unless otherwise stated in the addendum.
Buyers Premium and Disbursements: Please see the legal pack and the addendum for any disbursements and buyers premium that may be payable by the purchaser on completion.
Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve ( a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
Particulars including images and video tours on the website and within the catalogue are believed to be correct but their accuracy is not guaranteed. The auctioneers will always endeavour to inform prospective purchasers of variations to the catalogue, when such changes are brought to their attention. The auctioneers nor their clients can be held responsible for any losses, damages, or abortive costs incurred in respect of lots that are withdrawn or sold prior to auction. Viewings are carried out by third party agents and we will endeavour to give appropriate notice should the published viewing time change. Auction House London will not be liable for any costs or losses incurred due to viewing cancellations or no shows. Information relating to Rating matters has been obtained by verbal enquiry only. Prospective purchasers are advised to make their own enquiries of the appropriate authorities. Prospective purchasers are deemed to verify for themselves whether tenanted properties are occupied and rents are being paid. All measurements, areas and distances are approximate only. Potential buyers are advised to check them. No representation or warranty is made in respect to the structure of any properties nor in relation to their state of repair. Prospective buyers should arrange for a survey of the particular lot by a professionally qualified person.
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