Leasehold. Held for a term of 199 years from 1st July 1988 (thus having some 169 years unexpired) at a fixed ground rent of £100 per annum.
Located on the East side of Crammavill Street, in an established local shopping parade within a large residential suburb of Grays.
The property is arranged on ground floor only to provide a lock up shop. The property forms part of a larger building not included in the sale.
To the front of the property, the parade benefits from unallocated customer car parking.
VAT is applicable to this sale, please refer to the legal documents for further details.
Buyers Fee -The successful purchaser will be required to pay the auctioneers administration fee of £600 inclusive of VAT. Other additional costs/fees may apply please see Special Conditions of Sale
This auction lot is now closed.
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|No.||Present Lessee||Accommodation||Terms of Lease Agreement||Current Rent £ p.a||Next Review / Reversion|
|7||J Islam||Gross Frontage
|6.50m (21' 4")
5.50m (18' 0")
13.65m (44' 9")
19.75m (64' 10")
|25 years from 08.03.2011
Rent Reviews every 5th year
FR and I
|£9,983 p.a.||Rent review 2021|
|Total £9,983 p.a.|