COMMERCIAL PROPERTY SPECIALISTS

COMMERCIAL PROPERTY SPECIALISTS
Branch Associates

Thurrock Office: 01708 860696

Maldon Office: 01621 855725

Branch Associates

Thurrock Office: 01708 860696

Maldon Office: 01621 855725

Branch Associates

Thurrock Office: 01708 860696

Maldon Office: 01621 855725

OTHER

INSTRUCTIONS

3 Manchester Road - Fully Let Investment Opportunity approx. 2,441 sq ft FOR SALE

For Sale

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Location

The property occupies a prominent main road location on the northern side of Manchester Road within a predominately residential area. Mudchute DLR lies within easy walking distance and London City Airport is just over 4 miles away. The National Motorway system is accessible via the A261 which is only 2.5 miles from the property.


The property

An end terrace property of brickwork construction beneath a pitched tiled roof to the front and flat roof to rear. Currently arranged to provide a double fronted shop leading to further showroom/storage to the rear. A separate entrance leads to the first floor, which, currently provides a one bedroom flat with living room, kitchen, bathroom and small store. We note that the flat produces £1200 pcm but has not been relisted as a flat since it was previously in office use. However, a Certificate of Lawful Use is ongoing in this respect. This tenant is on a lease until August 2022. The ground floor commercial area produces a combined rent of £2,600 pcm by way of two Tenancies at Will. The Tenants are holding over.


Planning

Planning consent had been secured under reference PA/16/03515 for the conversion of the existing flat to a two-bedroom property and new build two bedroom flat at second floor. It is understood that planning has now lapsed, interested parties are advised to satisfy themselves fully in this respect.


Accommodation

The approximate gross internal floor area is as follows:

Ground floor commercial 1,848 sq ft       (171sq m)

First floor flat                    593 sq ft          55 sq m

Total                            2,441 sq ft        227 sq m

We note that the conversion and new build consent provides approximately 1528 sq ft (142 sq m) of residential accommodation at 1st and 2nd floor level.


Services

Mains gas, electricity, water and drainage are connected.


Title Report/searches

A report on Title and searches will be made available to named parties.

 

Proposal

Sale subject to the tenants as stated.

Offers in excess of £900,000 are sought for the freehold.


Rates

The current Rateable Value is £28,750 (2017), making the Rates Payable, £14,346.25pa (21/22).


EPC/Asbestos survey

The EPC of the ground floor is D76 and D63 in relation to the first floor. According to the report obtained, the property does not contain asbestos.


Viewing

Strictly by prior appointment only with the Vendor’s agent.


Legal costs

The purchaser will be responsible for the Vendor’s legal costs, should they withdraw prior to completion.


Money Laundering Regulations

Due to recent money laundering regulations, all Tenants and Purchasers when making an offer on a property will need to provide a copy of their current Passport photo page and a recent Utility Bill confirming their current address.


Enquiries

Please contact sole agents:

Branch Associates on 01708 860696 / 07775 804842 or email: jb@branchassociates.co.uk

Enquiries/viewing
Please contact us on
01708 860696
07775 804842
or email: jb@branchassociates.co.uk
OTHER

INSTRUCTIONS

3 Manchester Road - Fully Let Investment Opportunity approx. 2,441 sq ft FOR SALE

For Sale

Location

The property occupies a prominent main road location on the northern side of Manchester Road within a predominately residential area. Mudchute DLR lies within easy walking distance and London City Airport is just over 4 miles away. The National Motorway system is accessible via the A261 which is only 2.5 miles from the property.


The property

An end terrace property of brickwork construction beneath a pitched tiled roof to the front and flat roof to rear. Currently arranged to provide a double fronted shop leading to further showroom/storage to the rear. A separate entrance leads to the first floor, which, currently provides a one bedroom flat with living room, kitchen, bathroom and small store. We note that the flat produces £1200 pcm but has not been relisted as a flat since it was previously in office use. However, a Certificate of Lawful Use is ongoing in this respect. This tenant is on a lease until August 2022. The ground floor commercial area produces a combined rent of £2,600 pcm by way of two Tenancies at Will. The Tenants are holding over.


Planning

Planning consent had been secured under reference PA/16/03515 for the conversion of the existing flat to a two-bedroom property and new build two bedroom flat at second floor. It is understood that planning has now lapsed, interested parties are advised to satisfy themselves fully in this respect.


Accommodation

The approximate gross internal floor area is as follows:

Ground floor commercial 1,848 sq ft       (171sq m)

First floor flat                    593 sq ft          55 sq m

Total                            2,441 sq ft        227 sq m

We note that the conversion and new build consent provides approximately 1528 sq ft (142 sq m) of residential accommodation at 1st and 2nd floor level.


Services

Mains gas, electricity, water and drainage are connected.


Title Report/searches

A report on Title and searches will be made available to named parties.

 

Proposal

Sale subject to the tenants as stated.

Offers in excess of £900,000 are sought for the freehold.


Rates

The current Rateable Value is £28,750 (2017), making the Rates Payable, £14,346.25pa (21/22).


EPC/Asbestos survey

The EPC of the ground floor is D76 and D63 in relation to the first floor. According to the report obtained, the property does not contain asbestos.


Viewing

Strictly by prior appointment only with the Vendor’s agent.


Legal costs

The purchaser will be responsible for the Vendor’s legal costs, should they withdraw prior to completion.


Money Laundering Regulations

Due to recent money laundering regulations, all Tenants and Purchasers when making an offer on a property will need to provide a copy of their current Passport photo page and a recent Utility Bill confirming their current address.


Enquiries

Please contact sole agents:

Branch Associates on 01708 860696 / 07775 804842 or email: jb@branchassociates.co.uk

Enquiries/viewing
Please contact us on
01708 860696
07775 804842
or email: jb@branchassociates.co.uk

DOWNLOAD PROPERTY INFORMATION

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©2022
 Branch Associates Ltd
Privacy Policy
Website by
www.labanbrowndesign.co.uk