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 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.

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their clients can be held responsible for any losses, damages, or abortive costs incurred in respect of lots that are withdrawn or sold prior to auction.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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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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