info@gowerdawes.co.uk    17 Defoe Parade, Chadwell St Mary, Grays, Essex, RM16 4QR    01375 859999

Brentwood Road, Chadwell St Mary - £700,000 For Sale


Property Details

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Guide Price - £700,000 - £750,000 Commercial & Residential Property for Sale Fully Licensed Restaurant & Takeaway - 2 x Two Bedroom Residential Flats - 1 x One Bedroom Flat plus Communal Garden
Freehold investment opportunity that consists of a fully licensed restaurant & takeaway - 2 x ... Guide Price - £700,000 - £750,000 Commercial & Residential Property for Sale - Fully Licensed Restaurant & Takeaway - 2 x Two Bedroom Residential Flats - 1 x One Bedroom Flat plus Communal Garden
Freehold investment opportunity that consists of a fully licensed restaurant & takeaway - 2 x Two bedroom residential flats and 1 x one bedroom flat.
This freehold property is a perfect investment opportunity for income or development.
Description of each unit:
Restaurant - 9.75m (32'0) MAX x 7.01m (23'0) MAX - Recently refurbished to a good standard, new roof to rear and secure gate to side alley.
Flat 1 (Two Bedroom) - First floor flat completely renovated to a high standard, all modern fixtures and fittings including a high quality kitchen and bathroom, fully rewired and new plumbing and gas central heating fitted, access to communal garden.
Flat 2 (One Bedroom) - Recently refurbished to a good standard.
Fat 3 (Two Bedroom) - Long standing tenant (7 years).
Communal Garden - Approximately 30ft x 15ft, Low maintenance, security lights and secure shed to rear.
Side alleyways on both sides of the property with security lights and secure gates.
Rental Incomes
Fully Licensed Restaurant - £6,400.00 per quarter - £25,600.00pa
Flat 1 (2 Bedroom) - £825.00pm - £9,900.00pa
Flat 2 (1 Bedroom) - £650.00pm - £7,800.00pa
Flat 3 (2 Bedroom) - £700.00pm - £8,400.00pa
Total annual income - £51,700.00 per annum.

The loft space above both two bedroom flats can be converted into further accommodation subject to (planning) creating additional rental income of approximately - £10,000.00 - £15,000.00 per annum.

Two bedroom flat
One bedroom flat
Bedroom 4.67m (15'4') x 1.93m (6'4')
Lounge 3.33m (10'11') x 3.33m (10'11')
Kitchen 3.38m (11'1') x 2.62m (8'7')
Shower Room 1.68m (5'6') x 0.89m (2'11')
W/C
Garden Approx 30ft
Restaurant 9.75m (32'0') MAX x 7.01m (23'0') MAX