Commercial Property in Southend-On-Sea
123 The Broadway, Southend-On-Sea, Essex SS1 3EX
- Lot No: 89
- Property Type: Commercial Property
- Contract Type: Unconditional with Variable Fee
Guide Price* £40,000+ plus fees
Property Description
A mixed use opportunity with planning permission for the creation of two apartments along with a commercial unit subject to obtaining any relevant legal consents to implement this. There is also the ground rent interest in a ground floor commercial unit. We advise interested parties to inspect the legal pack for more information. Different parts of the building have been let out on three long leases details of which are set out in the Office Copy Entry of the freehold title at HM Land Registry registered under title no.EX84888.
Note
The auctioneers have not inspected the property. The seller has obtained planning permission for the development of part of the building under application no.21/00813/FUL dated 2nd September, 2021. This is for the erection of a two storey rear extension at first floor level and two self-contained flats with terrace at the side of the first floor and for a new commercial unit on the side of the ground floor. As planning permission is separate to any legal restrictions which may burden the property, it is a matter for any purchaser to make their own enquiries/decisions as regards the implementation of the planning permission, such as making enquiries of the interests of leaseholders. Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.
Tenure
Freehold
- 5% deposit (subject to a minimum of £5,000)
- Buyer’s Fee of 4.8% of the purchase price for properties sold for up to £250,000, or 3.6% of the purchase price for properties sold for over £250,000 (in all cases, subject to a minimum of £6,000 inc. VAT). For worked examples please refer to the Auction Conduct Guide.
Auction Details
Date 29th June 2023
Venue National Property Auction
The National Property Auction will be broadcast live on our website and open to remote bidding online, on the phone and by proxy. Registration for bidding will close at 5pm the day before the auction.
Lot Information
Contact Us
If you have any questions, call our team on 0800 046 5454