LOT 8

1 & 3 Orsett Road, Grays, Essex, RM17 5DA

FREEHOLD COMMERCIAL INVESTMENT

Result: Sold for an undisclosed amount Guide price: £425,000 PLUS*

Auction Date

Tuesday, 15th December 2020 12:00pm

BY ORDER OF B TOBIN & P JOSEPH AS LPA RECEIVERS

A pair of properties comprising two ground floor shops with internal access via No. 1 Orsett Road to first floor offices. The property benefits from parking to the rear of the property which is reached via Brooke Road. On the north side of the A126 Orsett Road, adjacent to The Old Courthouse Business Centre and near to the junction with the High Street where there are a variety multiple retailers. Grays railway station is within ¼ mile.

Accommodation

No. 1 Orsett Road:
Ground Floor Shop: 770 sq ft (71.5 sq m)
First Floor Offices: 1,103 sq ft (102.4 sq m)
No. 3 Orsett Road:
Ground Floor Shop: 666 sq ft (61.8 sq m)

The entire property is let on a repairing and insuring lease to Sequence (UK) Ltd (by way of assignment) for 10 years from 09.10.2013 at £32,250 p.a.

EQUIVALENT TO £32,250 p.a.

EPC Rating

C

Note

1. No. 3 Orsett Road is sub-let to Kayode Adelekan (t/a Kays's Barber Shop) from 12.02.2018 to 01.10.2023 at £15,000 p.a.
Auction Surveyor: Robert Woolfe - 020 8509 4408

Status

Sold for an undisclosed amount

* 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.