*Guide | £70,000 (plus fees)
- Retail Property (high street)
- Tenure: Leasehold. 125 years from April 2022
Call the team on 01473 558 888 for more information
A solid commercial investment with a strong yield
Occupying a prominent main road position within this coastal town is this ground floor retail premises currently occupied by a dog grooming business. The property comprises 2 sales/treatment areas with WC facilities and is held on a 125 year lease from 2022. The current occupants are on a 5 year lease from January 2026 at a rent of £800 per calendar month with rent reviews at 12 and 36 months. There is a break clause at 24 months. With an annual return of close to 14% based on the Guide Price this has to be an investment not to be missed.
Tenure
Leasehold. 125 years from April 2022
Current Rateable Value
Current rateable value (1st April 2026 to present) £6,600
Energy Efficiency Rating (EPC)
Current Rating D
Services
Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.
Local Authority
Tendring District Council
Solicitors
Whiskers LLP (Harlow), Ref: Sarah Rhoda, Tel: 01279 439439
Important Notice to Prospective Buyers:
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Additional Fees
Buyer's Premium - £1200 inc VAT payable on exchange of contracts.
Administration Charge - £1200 inc VAT payable on exchange of contracts.
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Disclaimer: The map preview provided above is for general guidance only and may not accurately reflect the exact location or surrounding buildings. Prospective buyers and interested parties are strongly advised to independently verify the precise location and surroundings before bidding.
