Lot 77
    Retail Property (high street)
    205/207 Hamlet Court Road
    Westcliff-on-Sea, Essex, SS0 7EL
    Sold prior to auction for an undisclosed amount.
     
    Number 1
    A Freehold Commercial & Residential Investment Comprising Two Adjoining Buildings Arranged to Provide Two x Ground Floor Shops and Eight Self-Contained Flats (Two x Three Bedroom Flats, Two x Two Bedroom Flats, One x One Bedroom Flat and Three x Studio Flats). Fully Let Producing £74,160 per annum.

    Description

    The property comprises a pair of adjacent mid terrace buildings arranged over ground and three upper floors. Access to the upper floors is via a pedestrian walkway from London Road.

    Tenure

    Freehold

    Location

    The properties are situated on a busy retail parade. Nearby multiples include Tesco Express, Boots, Coral and Greggs. The open spaces of Priory Park and the coastline are within easy reach. Transport links are provided by Southend Victoria and Westcliff rail stations.

    Addendum

    Sold Prior

    Accommodation and Tenancy Schedule

    Property Floor Accommodation Lessee Lease Terms Current Annual Rent
    205 Ground Shop Area 84 sq m (source: EPC) Marina Marino & Ignazio Giusto 7 year Commercial Tenancy from 01/04/2020 £10,200
    Flat 1, 205a Second Front 1 Bed Flat Individual 6 month AST from Jan 2022 £4,880
    Flat 2, 205a Second Rear Studio Flat Individual 12 month AST from 14.12.20015 £5,400
    Flat 3, 205a Third Rear Studio Flat Individual 6 month AST from 15.5.2021 £4,560
    Flat 4, 205a Third Front Studio Flat Individual 6 month AST from 11.10.2020 £5,040
    205b First 2 Bed Flat Individual 6 month AST from 20.8.2020 £9,000
    207 Ground Shop Area 59 sq m (source: EPC) Commercial Tenancy £10,200
    207a First 3 Bed Flat Individual 6 month AST from 26.92021 £9,000
    207b Second 3 Bed Flat Individual 6 month AST from 2.3.2020 £9,360
    207c Third 2 Bed Flat Individual 6 month AST from 17.9.2015 £6,600
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    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.

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