Lot 21
    Mixed Use
    39 The Broadway
    Elm Park, Essex, RM12 4RN
    Sold for £425,000
     
    Number 1
    A Freehold Mixed Use Investment Comprising a Ground and Lower Ground Floor Lock-Up Shop with a Three Bedroom First & Second Floor Maisonette and a Self-Contained One Bedroom Flat to the Rear. Fully Let Producing £34,200 per annum

    Description

    The property comprises a four storey mid terrace building arranged as a ground and lower ground floor shop (A1 use) with two separate self-contained flats above and to the rear.

    Location

    The property occupies a prominent position on an established main shopping parade in the popular Elm Park area. Nearby multiples include Domino's, Sainsburys and many others. The open spaces of the Chase Nature Reserve as well as Harrow Lodge Park are both within easy reach. Transport links are provided by Elm Park underground station (District line) which is a very short walk away.

    Exterior

    The property benefits from 4 parking spaces in tandem to the rear. Furthermore, the lower ground floor flat benefits from its own rear yard due to the sloping nature of the site.

    VAT

    VAT is not applicable

    Addendum

    In accordance with the EA Act 1979 a connected person to AHL has an interest in this property.

    Accommodation & Tenancy Schedule

    Property Floor Accommodation Tenancy Details Current Annual Rent
    Shop Ground & Lower Ground Shop Area Let on a 10 year FRI Lease from 2011 with 5 yearly rent reviews £12,000
    Flat A First & Second Three Bedroom Maisonette Let on an 12 month AST from 09/12/2018 at a rent of £1,000 pcm £12,000
    Flat B Lower Ground One Bedroom Flat with Rear Yard Let on an 12 month AST from 30/01/2019 at £850 pcm £10,200
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    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.

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