Auction House London

Lot 77

Retail Property (high street) - Commercial Property 

205/207 Hamlet Court Road

Westcliff-on-Sea, Essex, SS0 7EL

Sold prior to auction for an undisclosed amount.

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

Joint Agent

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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Sold Prior
For further information, please register for the legal pack. To speak to a member of our team about this lot, please call us on 020 7625 9007 or email us at info@auctionhouselondon.co.uk

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Enquire about 205/207 Hamlet Court Road, Westcliff-on-Sea, Essex, SS0 7EL

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