204-206 London Road, Grays, Essex, RM17 5YP
Auction sale - Monday 11th December 2017
Sold for £390,000
Upon the instructions ofJoint LPA Receivers
- Freehold mixed use building
- Asset management opportunity
- Two shops and a large 4 bedroom first floor flat requiring refurbishment
- Producing £6,600 per annum (one vacant shop and vacant flat)
204-206 London Road, Grays
Completion will be set for 30 working days from the date of the auction.
Tuesday 28 November and Tuesday 5 December both at 11:30am.
Summary: A part vacant mixed use investment forming part of a parade in a mainly residential location
Miles: Rainham 8 miles, Basildon 14 miles, Dagenham 11 miles
Roads: A13, A1089, A126, A1012, A282
The property comprises two ground floor shops with a self-contained first floor flat above. The flat is accessed from the rear, via a small yard from Castle Road. The flat is arranged as four bedrooms, living room, kitchen, shower/WC and requires complete refurbishment. The property is situated on the north side of London Road at the junction with Castle Hill, within a parade of shops, in a mainly residential area.
The property could have potential for change of use, subject to obtaining the necessary consents. For further information contact Thurrock Council (01375 652291) www.thurrock.gov.uk
Refer to the legal documentation
Energy Performance Certificate
|Address||Tenant||Floor||Use||Sq M||Sq Ft||Lease Terms||Rent £ pa|
|204 London Road||Chyril Hutchinson t/a Hairdresser||Ground||Retail||26.90||290||1 year from 17/03/2017||£6,600|
|204A London Road||Vacant||First||Residential (4 bedroom flat)||78.29||843||Vacant|
|206 London Road||Vacant||Ground||Retail/storage||68.50||737||Vacant|
Irwin Mitchell LLP
0113 218 6428
* Guide price
An indication of the seller’s current minimum acceptable price at auction. The guide price or range of guide prices is given to assist consumers in deciding whether or not to pursue a purchase. It is usual, but not always the case, that a provisional reserve range is agreed between the seller and the auctioneer at the start of marketing. As the reserve is not fixed at this stage and can be adjusted by the seller at any time up to the day of the auction in the light of interest shown during the marketing period, a guide price is issued. This guide price can be shown in the form of a minimum and maximum price range within which an acceptable sale price (reserve) would fall, or as a single price figure within 10% of which the minimum acceptable price (reserve) would fall. A guide price is different to a reserve price (see separate definition). Both the guide price and the reserve price can be subject to change up to and including the day of the auction.
* Reserve price
The seller’s minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price is not disclosed and remains confidential between the seller and the auctioneer. Both the guide price and the reserve price can be subject to change up to and including the day of the auction.
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