LOT 21

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

FREEHOLD COMMERCIAL INVESTMENT

Result: Sold for £475,000 Guide price: £400,000 PLUS*

Auction Date

Wednesday, 17th February 2021 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 (above 1 & 3): 1,103 sq ft (102 sq m)
No. 3 Orsett Road: Shop: 666 sq ft (61.8 sq m)

Tenancy Details

Th 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 (shop) is sub-let to K. Adelekan (t/a Kay's Barber) from 12.02.2018 to 01.10.2023 at £15,000 p.a.
Auction Surveyor: Robert Woolfe
Contact: 020 8509 4408 robert.woolfe@strettons.co.uk

Status

Sold for £475,000

* 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.