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Reference M5146

Substantial Investment Property in Essex For Sale

Substantial Investment Property in Essex For Sale

Register to see map and to make an appointment Situated in a village, main road location ESSEX

Price £1,200,000

Features

Substantial Detached Freehold Investment Plus 2 Flats

Currently trading as Convenience Store/Off Licence let on a 15 years lease from 2015 at a rental of £15,600 p.a. with 5 yearly reviews.

19th Century property

Commercial & residential property consists of basement, ground floor, 1st floor, 2nd floor.

General store off licence area, general store toilet in the ground floor andbasement stockroom. Leased until end 2030.

Basement in the region of 270 ft²

Greneral Store, stockroom

Ground Floor
General Store with off licence area in the region of 1,050 ft²

General store toilet

Additional ground floor small room & passage

Accommodation

Ground floor 2 residential STUDIO FLATS, entrance through gates. Were rented for £450 each (at present pending planning permission for residential use). Earlier requested planning permission, was rejected. At present working with the Council on this. The total flat space is around 40 sq. metres. This space could be used for residential, if the planning successful, or commercial as it is.

The first floor & 2nd floor includes only the upstairs flats, comprising:

4 Spacious Bedrooms
3 Bathrooms wich shower cubicles
Lounge area
Dining Room
Kitchen

Outside

Garden side of building, driveway, double garages

Tenure

FREEHOLD

Price

TO INCLUDE THE FREEHOLD INVESTMENT £1,200,000 subject to contract
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to £ 840,000 (freehold) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote

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