Land For Sale £80,000
Location & Description
A substantial mixed use property comprising 3 ground floor shops and 20 self-contained flats above (known as Mariner House).
Located in the heart of Southend-on-Sea town centre close to The Victoria Shopping Centre and about mile from Southend Central and Southend Victoria railway stations. Southend-on-Sea is a popular seaside town about 35 miles east of London.
Tenancy Details
Flats 5,6,7,8,9,10,12,13,14,15 & 16: Each sold on 125 year leases from 01.04.2016 at a current ground rent of £250 p.a. Doubling every 25 years.
Flats 1,2,3,4 & 11: Each sold on 118 year leases from 01.04.2016 at a current ground rent of £250 p.a. Doubling every 25 years.
First Floor: Sold on a 118 year lease from 24.02.2017 at a current ground rent of £500 p.a. Doubling every 25 years.
Ground Floor Commercial: Sold on a 999 year lease from 2022 at a peppercorn.
Note
Auction Surveyor: Robert Woolfe
Contact:
Equivalent to £4,500 p.a. With prior approval for change of use of part of ninth floor from office to A self-contained flat
A substantial mixed use property comprising 3 ground floor shops and 20 self-contained flats above (known as Mariner House).
Located in the heart of Southend-on-Sea town centre close to The Victoria Shopping Centre and about mile from Southend Central and Southend Victoria railway stations. Southend-on-Sea is a popular seaside town about 35 miles east of London.
Tenancy Details
Flats 5,6,7,8,9,10,12,13,14,15 & 16: Each sold on 125 year leases from 01.04.2016 at a current ground rent of £250 p.a. Doubling every 25 years.
Flats 1,2,3,4 & 11: Each sold on 118 year leases from 01.04.2016 at a current ground rent of £250 p.a. Doubling every 25 years.
First Floor: Sold on a 118 year lease from 24.02.2017 at a current ground rent of £500 p.a. Doubling every 25 years.
Ground Floor Commercial: Sold on a 999 year lease from 2022 at a peppercorn.
Note
Auction Surveyor: Robert Woolfe
Contact:
Equivalent to £4,500 p.a. With prior approval for change of use of part of ninth floor from office to A self-contained flat
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