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0 bed property
Corbets Tey Road, Upminster RM14
£315,000
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Our Summary
- Freehold Property for Sale – Prime Town Centre LocationTenure: FreeholdUpper Parts: Sold off on a 999-year leaseCurrent Lease:Tenant: Coffee shop on a vibrant paradeLease Term: 10 years from November 2020Rent: £20,000 + VAT per annumKey Highlights:Prominent town centre location, ensuring high foot trafficLong-term secure income from a reputable tenantUpper parts sold off, simplifying management obligationsIdeal investment opportunity for stable returnsThis bustling location is ideal for businesses, benefiting from strong retail activity and customer demand
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Description
The property is a freehold property located in the prime town centre, with a 999-year lease on the upper parts sold off. The current lease is with a coffee shop tenant, which pays £20,000 + VAT per annum, on a 10-year term starting from November 2020.