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

70 Rainham Road - Main Road Fast Food Restaurant/Residential Investment

For Sale

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Location

The property occupies a position fronting Rainham Road, close to Tesco Express, KFC, The Dragon Inn and CG Hair Salon. The property is in close proximity to Cherry Tree Pay and Display Car Park. Rainham Station is approximately 1 mile away, providing a service to London (Fenchurch Street) in around 25 minutes. The National Motorway network is available via the A13 approximately 1.5 miles due South.


The property

An end terrace property fronting Rainham Road comprising a self-contained ground floor fast food outlet with customer entrance to the front as well as access from the rear.

A separate entrance leads to the recently refurbished flat comprising a ground floor kitchen and three bedrooms, lounge and bathroom at first floor level. The flat features double glazed windows and central heating. We are advised there is also a large loft but were unable to access such at the time of our visit.


Accommodation Measured in accordance with the RICS Code of Measuring Guide the approximate net internal floor area of the commercial area is:

Total                       526 sq ft                 48.9 sq m                Plus three bedroom flat                 

        

Figures

Offers in the region of £425,000 for the freehold interest subject to the current tenants. We understand that the sale price is NOT subject to VAT.


EPC

The EPC rating for the commercial area is E119.

The EPC rating for the flat is E49.


Business rates

The Ratable Value is £6,000 (2017), making Nil rates payable under current Small Business Rate Relief Rules (19/20).


Legal costs

Each party is to be responsible for the payment of its own legal costs.


Tenants

The restaurant is let on a full repairing and insuring lease for 15 years from 30th July 2020 at £12,000 per annum exclusive, subject to upward only rent reviews every 3 years. There is a 3 month rent deposit.

The flat is let on an AST for 6 months being approximately half way through at £1,150 pcm.

The combined annual rent therefore is £25,800.


Agent’s Note

All figures quoted are exclusive of Vat (if applicable)

No warranty is given is respect of the current planning use.

None of the amenities or fixtures and fittings have been tested.


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/Viewings

Please contact us 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

70 Rainham Road - Main Road Fast Food Restaurant/Residential Investment

For Sale

Location

The property occupies a position fronting Rainham Road, close to Tesco Express, KFC, The Dragon Inn and CG Hair Salon. The property is in close proximity to Cherry Tree Pay and Display Car Park. Rainham Station is approximately 1 mile away, providing a service to London (Fenchurch Street) in around 25 minutes. The National Motorway network is available via the A13 approximately 1.5 miles due South.


The property

An end terrace property fronting Rainham Road comprising a self-contained ground floor fast food outlet with customer entrance to the front as well as access from the rear.

A separate entrance leads to the recently refurbished flat comprising a ground floor kitchen and three bedrooms, lounge and bathroom at first floor level. The flat features double glazed windows and central heating. We are advised there is also a large loft but were unable to access such at the time of our visit.


Accommodation Measured in accordance with the RICS Code of Measuring Guide the approximate net internal floor area of the commercial area is:

Total                       526 sq ft                 48.9 sq m                Plus three bedroom flat                 

        

Figures

Offers in the region of £425,000 for the freehold interest subject to the current tenants. We understand that the sale price is NOT subject to VAT.


EPC

The EPC rating for the commercial area is E119.

The EPC rating for the flat is E49.


Business rates

The Ratable Value is £6,000 (2017), making Nil rates payable under current Small Business Rate Relief Rules (19/20).


Legal costs

Each party is to be responsible for the payment of its own legal costs.


Tenants

The restaurant is let on a full repairing and insuring lease for 15 years from 30th July 2020 at £12,000 per annum exclusive, subject to upward only rent reviews every 3 years. There is a 3 month rent deposit.

The flat is let on an AST for 6 months being approximately half way through at £1,150 pcm.

The combined annual rent therefore is £25,800.


Agent’s Note

All figures quoted are exclusive of Vat (if applicable)

No warranty is given is respect of the current planning use.

None of the amenities or fixtures and fittings have been tested.


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/Viewings

Please contact us 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

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