Property Details
Property Summary
Property Features
- Mixed Use Investment Opportunity
- High Street location
- Producing £16,540 per year
Full Details
Location
The premises are located on the south side and eastern end of Hornchurch High Street close to its junction with Lodge Court. The immediate parade neighbouring the property comprises mainly
independent retailers but within the Town major retailers include Sainsbury, Boots, Lidl, Costa Coffee and Holland & Barrett. The premises benefits from a variety of local pay and display car parks
within walking distance.
Description
The property comprises a ground floor retail unit, with a flat on the first and second floor. The retail unit is currently used as a beauty salon. The first floor of the flat hosts a kitchen and lounge/diner, with the bedrooms located on the second floor above.
There is rear access to the ground floor, and space to park one vehicle.
Accommodation
210 - Ground Floor Retail Unit - 545 sqft (51 sqm)
210a - Two Bedroom flat
Tenancies
The ground floor is let to the beauty salon on a three year lease. This commenced 1st November 2024, at a rent of £16,440.00 pa in the first year, £16,920.00 pa in the second year and £17,400.00 pa in the third year.
The flat is sold on a one hundred and twenty five year lease producing a ground rent of £100.00 pa.
Terms
The property is offered freehold subject to the above tenancies.
Price
£260,000
Energy Performance Rating
210 - C68
210a - D66
Rateable Value
210 - £11,500
210a - Band C
Legal Costs
Each party to bear their own legal costs.
Further Information & Viewings
Contact
MJM Property Consultants