Lampits Hill, Corringham, Stanford-le-Hope, SS17

We are pleased to offer this Freehold mixed use property which is located in a popular parade of shops in Old Corringham and comprises a ground floor shop unit and separate office unit with first floor two bedroom flat. There is also a land parcel to rear which can be accessed via the side of the premises. All three units are currently occupied with tenants on short term leases and an Assured Shorthold Tenancy , and the property is being offered with tenants in situ. The overall size of the property is in the region of 1875 square feet (174 sq metres) and the annual rent is currently £23,220 per annum. The agreements have clauses allowing for rent increases.

Shop 1
This is currently let on a Commercial Lease dated 1st January 2024 with a rent of £8100 per annum and is short term lease with a 2 year break clause.

The shop comprises:
Spacious shop area. 42' 8" x 18' 9" (13.00m x 5.71m)
Kitchen. 8' 2" x 7' 7" (2.49m x 2.31m)
WC

The shop is in good order throughout.

Shop 2
This is currently let on a Commercial Lease dated 1st January 2023 with a rent of £4560 per annum and is on a 6 year Lease with a 2 year break clause which has expired.

The shop comprises:
Main Office Area. 29' 9" x 6' 2" (9.07m x 1.88m)
Kitchen. 6' 1" x 5' 11" (1.85m x 1.80m)
Inner Hall
Wc

The shop is in modern condition and current used as an office premises.

First Floor Flat
This is let on an Assured Shorthold Tenancy Agreement with current rent of £10,560 per annum.

The flat comprises:
Entrance Hall. 14' 4" x 6' 0" (4.37m x 1.83m)
Fitted Kitchen 12' 1" x 8' 1" (3.68m x 2.46m)
Bathroom/Wc. 7' 9" x 5' 8" (2.36m x 1.73m)
Living Room 18' 9" x 12' 3" (5.71m x 3.73m)
Bedroom One. 14' 3" x 11' 0" (4.34m x 3.35m)
Bedroom Two. 10' 11" x 7' 2" (3.33m x 2.18m)

The flat is upvc double glazed and has gas central heating and is being maintained to a good standard.

Land Area
There is a sizeable plot of land to the rear of the premises that is currently unused and overgrown but could be used for a variety of purposes.

N.B
Business Rates may apply

Rentable Value


Disclaimer:
These particulars are intended to give a fair description of the property but their accuracy cannot be guaranteed, and they do not constitute an offer of contract. Intending purchasers/tenants must rely on their own inspection of the property. None of the above appliances/services have been tested by ourselves. We recommend purchasers/tenants arrange for a qualified person to check all appliances/services before legal commitment.