70 RAINHAM ROAD RAINHAM RM13 7RL

£450,000 Offers Over
529 - 526 Sq Ft

70 RAINHAM ROAD RAINHAM RM13 7RL

£450,000 Offers Over
529 - 526 Sq Ft
  • Ref: RM13 7RL
  • Type: Retail
  • Availability: For Sale
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    Property Summary

    RAINHAM FOR SALE
    MAIN ROAD TAKEAWAY/REFURBISHED FLAT INVESTMENT
    APPROX 526sq.ft /48.9sq m PLUS 3 BEDROOM FLAT

    Full Details

    LOCATION
    The property occupies a position fronting Rainham Road, close to Tesco Express, KFC, The Dragon Inn and CG Hair Salon. The property is in close proximity to Cherry Tree Pay and Display Car Park. Rainham Station
    is approximately 1 mile away, providing a service to London (Fenchurch Street) in around 25 minutes. The National Motorway network is available via the A13 approximately 1.5 miles due South.

    THE PROPERTY
    Road comprising a self-contained ground floor takeaway with customer entrance to the front as well as access from the rear.

    A separate front door leads to a refurbished flat, comprising a ground floor kitchen and three bedrooms, lounge and bathroom at
    first floor. The flat includes double glazing and central heating. We are advised there
    is also a large loft but were unable to access such at the time of our visit.

    AMENITIES
    • Prominent position at busy Cherry Tree junction
    • Pay & Display car park nearby
    • Glazed frontage
    • Rear access/courtyard

    ACCOMMODATION
    Measured in accordance with the RICS Code of Measuring Guide the approximate net internal floor area of the commercial area is:

    Ground floor 526 sq ft 48.9 sq m
    Plus three bedroom flat at part ground and first floor

    FIGURES
    Offers in excess of £450,000 are invited for the freehold interest subject to the current tenants.
    We understand that the sale price is NOT subject
    to VAT.

    EPC
    The EPC rating for the commercial area is E119.
    The EPC rating for the flat is E49.

    BUSINESS RATES
    The Ratable Value of the ground floor is £9,000 (2023), The flat is Council Tax Band C.

    LEGAL COSTS
    Each party is to be responsible for the payment of its own legal costs.

    TENANTS
    The restaurant is let on a full repairing and insuring lease for 15 years from 30th July 2020 at £13,800 per annum exclusive, subject to 3 year rent reviews, the next being July 2026. There is a 3 month rent deposit.

    The flat has just been let for 12 months at £1350 per calender month.

    Therefore, the combined annual rent is £30,000pa.

    AGENTS NOTE
    All figures quoted are exclusive of VAT (if applicable)
    No warranty is given is respect of the current planning use.
    None of the amenities or fixtures and fittings have been tested.