39-41, Furtherwick Road, CANVEY ISLAND, Essex, SS8 7AB

Freehold building arranged as ground floor retail unit (let at £32,000 per annum) with three self-contained flats above (sold off by way of long leases)

Location:
The property fronts onto Furtherwick Road in a prominent retail position with neighbouring occupiers including Boots, Superdrug, Subway and Knightswick Shopping Centre. Canvey Island sits approximately 8 miles south of Basilden and 10 miles west of Southend. Public transport links include Benfleet mainline rail station together with a network of local bus services serving the surrounding vicinity. Road
links include the A13 and A127.

Description:
Freehold two floor building arranged as ground floor retail unit (high street convenience store) investment extending to approximately 191 Sq m (2055 Sq ft) (source VOA office website). The property is currently let on a 5 year lease dated 1st August 2021 at an annual rent of £32,000 (exclusive of VAT). The sale includes the freehold to the upper floors which have been converted to apartments and sold off by way of long leases.

Accommodation:
Ground floor: Retail unit with kitchen, office and WC, extending to approximately 191 Sq m (2,055 Sq ft) (source VOA office website)

EPC rating: B

Tenancy:
The property is currently let on a 5 year lease dated 1st August 2021 at an annual rent of £32,000 (exclusive of VAT) - Refer to legal documents.

Rent reserved:
£32,000 per annum

Upper floors:
The upper floors consist of 3 apartments which have been sold off by way of 125 year leases dated 2005 and producing £100 ground rent income per annum per flat.

To view:
Strictly by arrangement with the auctioneers. Please see important advice for viewers on page 19 of this catalogue.