Leasehold Interest Only
Ground floor banking hall with basement storage. There is office accommodation and ancillary storage at first floor. Tenure The property is held on an existing FRI lease due to expire 14/06/2027 at a passing rent of £26,000 per annum exclusive with a rent review scheduled 29/09/2019. The lease is held inside the security of tenure provisions of the Landlord and Tenant Act 1954. Consideration Offers accepted on the basis of assignment or sub-lease at the passing rent of £26,000 pa. Rates We are verbally informed by the Local Rating Authority that the current Rateable Value of the shop is £17,000 and the rates payable are £8,160 pa. The UBR for 2018/2019 is 48p. Interested parties are advised to make their own enquiries with the Local Authority for verification purposesLess
Rochford is a town in the Rochford district of Essex in the South-East of England. It is sited about 43 miles from Central London and approximately 21 miles from Chelmsford. Rochford railway station is a short walking distance from the property where trains run to Southend Victoria and London Liverpool Street. The subject property is located on West Street, along with NatWest, Martin McColls and Greggs. The majority of retailers are independents.