Lot
069
Auction: October 2021 Online Auction 20/10/2021

39-41 Furtherwick Road, Canvey Island, Essex SS8 7AB

Property Details
Location
Description
A high street convenience store investment comprising a ground floor retail unit extending to approximately 191 SQ M (2055 SQ FT) (source VOA office website). The property is currently let on a 5 year lease dated 1st August 2021 at an annual rent of £32,000 (exclusive of VAT). The sale includes the freehold to the upper floors which have been converted to apartments and sold off by way of long leases.
Location
The property fronts onto Furtherwick Road in a prominent retail position with neighbouring occupiers including Boots, Superdrug, Subway and Knightswick Shopping Centre. Canvey Island sits 8 miles south of Basilden and 10 miles west of Southend.
Accommodation
Pugh & Co have not inspected the property internally and the accommodation size has been taken from the VOA office website and therefore cannot be verified. 
Approx Site Area
Approximately 407 Sq M (487 Sq Yds).
Tenure
Unknown
Tenancy
The property is let to G & T Food & Wines Ltd on a lease dated 1st August 2021 for a period of 5 years at a rent of £32,000 per annum.
Costs
Details of the Buyer's Premium and any additional fees payable are contained within the legal documents.
General
1. All the information provided on our website is for indicative purposes only and interested parties should rely upon the contents of the legal pack and their own due diligence as a prudent bidder.

2. PLEASE NOTE BIDDING COMMENCES ON TUESDAY 19TH OCTOBER AND CLOSES ON WEDNESDAY 20TH OCTOBER.

3. The plan uploaded is for indicative purposes only, interested parties should rely on the documents in the legal pack.

4. The upper floors consist of 3 apartments which have been sold off by way of 125 year leases dated 2005 and producing £100 ground rent income per annum per flat.
Addendum
The upper floors consist of 3 apartments which have been sold off by way of 125 year leases dated 2005 and producing £100 ground rent income per annum per flat.

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