LOT 31

22/22A Queens Road, Southend-on-Sea, Essex, SS1 1LU

FREEHOLD COMMERCIAL INVESTMENT, VACANT SHOP & VACANT FLAT

Guide price: £310,000 - £330,000*

Auction Date

Monday, 8th October 2018 11:00am

BY ORDER OF JOINT FIXED CHARGE RECEIVERS

A mid-terraced, double fronted property comprising two ground floor shops with separate front access to a self-contained flat above. There is also a rear yard. Within the town centre a short distance from the busy pedestrianised High Street where there are a variety of multiple retailers. The University of Essex – Southend campus is within close proximity. Southend Central and Southend Victoria mainline stations are about ¼ mile away.

Accommodation

Ground Floor (No.22a): 460 sq ft (42.7 sq m)
Let on a repairing and insuring lease to South Records Ltd for 6 years from 19.02.2018 at £12,000 p.a. Rent reviews 19.02.2019 and every anniversary of that date based on CPI. Tenant’s break 19.02.2021.
Ground Floor (No. 22): 298 sq ft (27.6 sq m) - VACANT
First Floor Maisonette: 3 rooms (one off kitchen), kitchen, bathroom/WC - VACANT

EQUIVALENT TO £12,000 p.a. PLUS VACANT SHOP & FLAT

EPC Rating

Both Shops: D
Flat: G

Status

Sold after auction 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.