£700,000 for the Freehold FOR SALE
Southend Road, Hockley, SS5 4PZ
0 Sq Ft (0 Sq M) | Investment
Key features
- Good Investment Opportunity
- Forecourt Parking For Commercial Properties
- Parking Space to Rear for Each Residential Properties
- Close to Hockley Town Centre
Full description
This residential and retail investment consists of 1 x one bedroom flat, 1 x two bedroom flat and two shop units. The flats have parking to the rear of the property while the commercial units benefit from forecourt parking to front.
Location
The property is situated in the large village of Hockley and located on the southern side of the busy Southend Road (B1013) close to its junction with the Spa Road and the main shopping area.
Hockley station on the London Liverpool Street line lies approximately 0.8 miles to the South.
Accomodation
Schedule of Rent:
23 - Three year lease agreed from 1st February 2025 - £10,120 per annum (Barbers Shop).
23b - One Year AST from 1st July 2023 - £7,800 per annum.
25 - Three Year lease from 28th April 2023, let to London Architectural Hardware Limited at £9,950 per annum.
25a - Two Year AST from 24th October 2024 - £9,900 per annum.
Total Rent: £37,770 per annum.
Price
£700,000 for the freehold interest.
Legal costs
Each party to be responsible for their own legal costs.
Terms
Available on a new full repairing and insuring lease for a term to be agreed.