LOT 27

80 & 80A Rainham Road, Rainham, Essex, RM13 7RL

FREEHOLD COMMERCIAL INVESTMENT PLUS VACANT FLAT
Result: Sold for £290,000 Guide price: £275,000 plus*

Auction Date

Wednesday, 6th February 2019 11:00am

Location & Description

A mid terraced two storey property comprising a shop, yard and self-contained flat with own street entrance. In a mixed parade of shops on the north side of Rainham Road (A125) at the junction with Cherry Tree Lane and South End Road, opposite Tesco Express and KFC.
Rainham mainline station is just under a mile away.

Accommodation

Ground Floor Shop:
Let on a repairing & insuring lease to Ladbrokes Betting and Gaming Limited for 15 years from 14.07.2006 at a rent of £9,000 p.a.
First Floor:
2 rooms, kitchen, bathroom/WC - VACANT

EQUIVALENT TO £9,000 p.a. PLUS VACANT FLAT

EPC Rating

Flat: F, Shop: C

Status

Sold for £290,000

Addendum

A deed of variation will be completed to release the upper part of the building from the current Commercial Leasehold Title. If this is not completed within 6 weeks of the date of the Auction then the seller will rescind the contract and the deposit will be refunded and there would no action or consequences on either party

Joint Auctioneer

Falconer and Co Tel: 020 8472 2870

* The Notice to Bidders, which can also be seen on the inside front cover of the hard copy catalogue, includes a definition of Guide Price [section #17] Note that in addition to the purchase price there is a buyer’s administration fee [section #13] and there may be additional non-optional fixed or variable fees and costs [section #8]. To establish the full cost of purchasing a property, please inspect the legal documentation/special conditions. Please also check strettons.co.uk for updates.