An opportunity to purchase a freehold mixed-use property in a prominent location in Essex.
The property comprises a two-storey building with a tenanted ground floor shop and a 2 bedroom flat above.
The shop measures approximately 900 square feet and has the designated Use Class E (Commercial, business and services uses). It is currently tenanted to a local Hair Dressers for £7,000 per annum on a License agreement.
Above the shop is a well maintained 2 bedroom flat rented on a traditional Assured Shorthold Tenancy for £8,700 per annum. The flat has its own private entrance to the rear of the property. Additionally, there is a garden to the rear with a large freestanding garage which is used for storage by the commercial tenants. The property has no significant planning history, however, the neighbouring property (18 Corringham Road) was granted planning in 2016 for the development of three self-contained flats and part retaining the ground and first floor office. An extension of the property to produce a similar scheme may be feasible subject to planning permission.
Unconditional offers in the region of £275,000 are invited.
Vacant possession will be provided and viewings can be arranged upon request.
20 Corringham Road, Stanford-le-Hope SS17 0AH
The property is situated on a High Street location in Standford Le Hope, Essex.
Stanford Le Hope is only 23 miles from Central London making it a great commuter town for young families and professionals. Additionally, the town is only a short drive along the A13 from the famous Lakeside Shopping Center which plays host to over 200 stores and services.
The property is located in the heart of the local town with major retailers and shops surrounding the premises such as Co-Op and Tesco’s.
Stanford Le Hope train station is only 0.2 miles away and is served by London, Tilbury and Southend rail connections. Trains to West Ham take only 40 minutes and access from West Ham to central London can be within 15 minutes via the Jubilee Line.
This property is likely to suit investors developers and owner-occupiers alike.
|UNIT||SIZE (SQM)||SIZE (SQFT)|
|Ground Floor Commercial||56||604|
|2 Bed Flat||54||581|