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For Sale by Auction on 19th September 2024, Long Leasehold Retail Investment, 3 & 4 The Parade, Hall Road, Aveley, RM15 4JU

1,499 Sq Ft / Retail / Investment

For Sale

Available - Last updated: 15 August 2024

For Sale by Auction on 19th September 2024

Two ground floor retail units forming part of a larger retail and residential parade. No 3 The Parade totals approximately 67.5 sq m (726 sq ft) and No 4 The Parade totals approximately 71.8 sq m (773 sq ft). Externally there is customer parking to the front that does not form part of the demise.

Location

Aveley lies within the Thurrock unitary authority approximately 18 miles east of central London. It lies to the north of the A13, which provides access to central London to the west and the M25 at junction 30 (Mar Dyke Interchange) to the east. Ockendon and Purfleet railway stations provide rail links to London Fenchurch Street via Upminster and additionally numerous bus routes serve the area.

Hall Road runs between Love Lane and Ship Lane to the south of the town centre. The property forms part of an established parade on the north side of Hall Road opposite its junction with Crescent Walk in a mainly residential area.

Accommodation

3 The Parade - Ground floor retail - 67.5 sq m (726 sq ft)

4 The Parade - Ground floor retail - 71.8 sq m (773 sq ft)

Terms

Tenure - Leasehold for a term of 200 years at a ground rent of £100 per annum with RPI increases every 10 years (refer to legal pack)

Guide Price - £60,000 - £70,000

EPC:

3 The Parade - Rating 71 Band C

4 The Parade - Rating 113 Band E

Specification

  • Long leasehold retail investment
  • Includes two retail units
  • Established retail parade
  • Producing £9,000 per annum
  • Offered on the instructions of Thurrock Council

Property Quote Price(s)

DescriptionSale typeGuide pricePrice type
Guide Price - £60,000 - £70,000 For Sale Leasehold NA NA

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Agency Team

BidX1 Commercial

020 3151 9502

Simon Bailey

BidX1 Commercial

020 3151 9486

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