1321 sq. ft. (122.72 m²)
For Sale £300,000 Offers in Excess of
Description
This character single storey semi-detached retail premises is located on a prominent position of Spa Road, Hockley, a busy local retailing position. The property is currently let to 'Friends of Lions', who are running a charity shop and have been in occupation since 1995, their current agreement has come to an end and terms are being negotiated on a new lease with a proposed rent of £19,000. A slight increase from the £17,500 per annum currently being achieved. There is a two-storey building at the rear included within the letting that could suit later redevelopment to residential STPP.
Location
Hockley is situated on the edge of the Thames Gateway Area approximately 40 miles east of central London accessed via the A130 and A127 trunk roads which provide good communications throughout the South East Essex Area and direct links to the M25 and national motorway network. Hockley has a main line railway station providing regular services to the City. Hockley town centre provides all local amenities with main amenities situated in Rayleigh town centre which is approximately three miles distant.
VAT
All rents, prices and premiums are exclusive of VAT under the Finance Act 1989.
Rating
From enquiries made of the Valuation of Agency, we believe the rateable value to be £13,500 for 2024/25. Based upon the Uniform Business Rate we believe the rates payable amount will be £6,736.50.
Legal Costs
Each party to bear their own legal costs incurred in this transaction.