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
The guide price is an indication of the minimum price at which, or if a guide price range is given, within which, the seller is prepared to sell at the date of publication. The guide price is not an anticipated sale price or valuation. All prices quoted are subject to contract.
* Reserve price
The reserve price is the minimum price acceptable to the seller and the price below which the auctioneer cannot sell.
Both the guide and reserve may be subject to change up to and including the day of the auction. The guide price does not include either VAT which may apply to the sale or other amounts the seller may charge. The seller’s Special Conditions of Sale and addendum if any, will state whether there are other seller’s charges and whether the seller has elected to charge VAT on the sale price. On the fall of the hammer a buyer’s fee is payable of £990 inclusive of VAT.
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