Auction House London

Lot 47

 

4-5 Earls Hall Parade

Southend-on-Sea, Essex, SS2 6NW

Sold for £246,000.

A Commercial & Ground Rent Investment Producing £16,550 per annum

Description

Tenure

Freehold

Location

Earls Hall Parade is an established parade in Southend-on-Sea. Nearby occupiers include various local traders. The open spaces of Priory Park are within walking distance. Transport links are provided by Prittlewell rail station.

Description (2nd Column)

The property comprises a double fronted commercial unit situated with two flats above (sold off on long leases) within a mid terrace building arranged over ground and first floors.

Viewing Details

Please refer to us directly on: 0207 625 9007

Accommodation & Tenancy Schedule

Property Floor Accommodation Tenancy Details Current Rent
Shop Ground Retail Area, Kitchen, Storage, WC with wash basin Let to DP Reality Holdings trading as Dominoes Pizza Let on a FRI Lease for a term of 15 years from 25/03/12. 5 yearly reviews £16,500
Flat 4A First Not Inspected Sold off on a long lease for a term of 99 years from 25/03/13 £50
Flat 5A First Not Inspected Sold off on a long lease for a term of 999 years from 25/03/13 Peppercorn

Additional Fees

Administration charge: £1,200 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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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 4-5 Earls Hall Parade, Prince Avenue, Southend-on-Sea, Essex, SS2 6NW

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