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Bonds of Essex are pleased to offer for sale the freehold interest of this mixed use property. The property is current let under a 20 year with 5 yearly rent reviews. Currently the rent is £14000 P/A (approx 6.5% yield) The ground floor is a launderette with ancillary rooms behind (service area, boilers, small garden) The first floor is a self contained TWO bedroom maisonette. The property is current let.
Main shop area, glazed shop window and door.
Kitchen sink, doors to :
Double glazed window to front. Door to :
Window to side.
Window to side, radiator.
Window to side. Three piece suite comprising of panelled bath with shower over, vanity wash hand basin, low level W.C.
Window to side, wall mounted gas central heating boiler (not tested) Wood effect fitted kitchen, oven and gas hob over, space for appliances.
The property has a 20 year lease agreed in July 2012, so there is over 10 years remaining. The current 5 year lease was renewed on the 23rd of July 2017 and is due for review on the 23rd of July 2022. The current rent is £14,000 PA The full details of the lease agreement should be checked by your legal advisor.
Bonds of Essex, 71 Station Road ,Clacton-On-Sea, Essex , CO15 1SD
Tel: 01255 420222 | Email: email@example.com