Welcome to this exceptional mixed-use property that offers a lucrative investment opportunity in the heart of Rayleigh. This versatile property boasts a well-established commercial unit currently hosting a thriving shop under a 4+ year commercial lease, generating an annual income of £11,000. Additionally, the property features a spacious 2-bedroom flat with the potential for an additional rental income of £10,800 per annum.
Situated in a prime location within a popular parade of shops in Rayleigh, residents will enjoy the convenience of being a stone's throw away from the bustling new Wolsley Park development and London Road. With the added advantage of being within walking distance to Rayleigh Station, commuting is a breeze, making this property a desirable choice for both investors and homeowners alike.
Sold with the entire freehold, this property presents a rare opportunity to secure a lucrative investment with multiple income streams in a vibrant and sought-after community. Don't miss out on the chance to own a piece of Rayleigh's thriving commercial landscape.
Lock up Shop Unit (109 London Road) Ground Floor - front trading/sales area with serving counters, central storage/service area with walk-incold room, separate service/kitchen area, rear preparation/storage room with back door, rear lobby providing access to three walk-in freezers/chiller cabinets (none inspected as inaccessible to ourvaluer). Separate outside WC. The ground floor accommodation(including the outside WC) a gross internal floor area of approximately 973 square feet / 90.37 square metres and with an estimated ITZA area of approximately 503 square feet / 46.73 squaremetres. EPC Rating: C
The Est. Mortgage is for a 25 years repayment mortgage based on a 10% deposit and a 5.5% annual interest. It is only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
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