Beauchamps Drive, Wickford

IDEAL INVESTMENT OPPORTUNITY, FREEHOLD TO INCLUDE GROUND FLOOR RETAIL/OFFICE SITUATED WITHIN A RESIDENTIAL AREA. BENEFITTING FROM PARKING TO THE FRONT AND SIDE INCLUDING A DETACHED GARAGE. INTERNALLY THERE IS A KITCHEN AND WC PLUS SIDE EXTENSION FOR STORAGE. CURRENTLY TENANTED ON AN FRI LEASE WITH ANNUAL INCOME OF £11,000 PER ANNUM

PLEASE NOTE WE UNDERSTAND THE FLAT ABOVE THE PROPERTY HAS BEEN SOLD ON A LONG LEASE.

LOCATION; SITUATED WITHIN A PARADE OF SHOPS/OFFICES IN A RESDENTIAL AREA.

PREMISES; END TERRACED RETAIL/OFFICE UNIT MEASURING APPROXIMETELY 889.0 SQUARE FOOT (82.66 SQ.MTS) WITH DETACHED GARAGE.

EPC RATING E120

TENURE; THE CURRENT TENANT HAS A 5 LEASE COMMENCING SEPTEMBER 2022 AT A CURRENT RENT OF £11,000 PA, PAID QUARTERLY. THERE IS A BREAK CLAUSE AT YEAR 3 (08/09/25)

INCOME; CURRENT TENANT RENTAL INCOME OF £11,000 PA.

BUSINESS RATES: THE PREMISES IS SUBJECT TO A RATEABLE VALUE OF £7000.

LEGAL COSTS; EACH PARTY RESPONSIBLE FOR THEIR OWN LEGAL COSTS IN THIS TRANSACTION.

N.B: All measurements are approximate and it is the responsibility of the purchasers/tenant to fully satisfy themselves as far as the exact measurements are concerned, the exact nature of the existing use, planning and environmental issues and as to whether their proposed use requires planning. RM Commercial conditions under which particulars produced. RM Commercial for themselves, for any joint agents and for the vendors or lessors of this property whose agents they give notice that: i) The particulars are set out as a general outline for the guidance of intending purchasers or lessors and do not constitute part of an offer or contract. ii) All descriptions, dimensions references to condition & necessary permissions for use & occupation & other details are given in good faith are believed to be correct but any intending purchasers or tenants should not rely on them as statements or representations of fact but satisfy themselves by inspection or otherwise as to the corrections of each of them. iii) No person in employment of RM Commercial or any other joint agents has any authority to make or give any representation or warranty in relation to this property. iv) All rents or prices are quoted exclusive of VAT.

Notice
Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.