LOT 9 · COMMERCIAL PROPERTY
36 Bridge Road
Grays, RM17 6BU
An End of Terrace Freehold Commercial Building Producing £12,000 Per Annum and a Residential Ground Rent Reversionary Investment (Two Leases Being 63 Years)
Property description
The property comprises an end of terrace lock up shop situated over basement, ground and first floors. The property is part of an established shopping parade located in a predominately residential area. The property is subject to an FRI lease to Mah Pharma Limited (T/A Steve's Chemist) for a term of 15 years commencing 19th June 2017 at a rent of £12,000 per annum. The first floor comprises two x 2 bedroom flats sold on leases that have 63 years remaining.
Accommodation
Basement
An approx. 13.75 sqm (148 sq ft)
Ground Floor
Shop
An approx. 42.45 sqm (457 sq ft)
Total - An approx. 56.2 sqm (604 sq ft)
Location
The property is situated on a popular mixed use road close to other local shops and amenities. The open spaces of Northern Park are within easy reach. Transport links are provided by Grays railway station.
Run the Numbers
Explore rental returns and monthly repayments for this property.
Your rental returns
- Gross yield
- 5.3%
- Net yield
- 5.3%
- Annual income
- £12,000
Net yield deducts your annual running costs, before tax and finance.
Yields use the purchase price and assume 12 months’ rent. Include maintenance, insurance, management and vacancy allowances in annual costs. Tax, finance and purchase fees are excluded.
Illustrative estimates only, not financial advice or a lending offer. Confirm funding and the completion deadline before bidding.
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