Lot Details

64 Orsett Road, Grays, Essex, RM17 5EH

Guide Price*
£395,000+

  • A Well Located Commercial Investment Producing £9,000 Per Annum With A Rent Review In December 2024. Offered With Planning Permission To Convert The First And Second Floors Into A Two Bedroom Duplex Maisonette.

Description

The property comprises a mid terraced building arranged over ground and first floors. Planning permission was granted under planning reference 23/00844/FUL for change of use of upper floor from offices to residential unit C3 (One x 2 bed), proposed first floor rear extension and loft conversion with two rear dormers and creation of a private external staircase from the first floor to the rear of the property.

There is further potential to develop the garage at the rear (Subject To Obtaining All Relevant Consents)

We have been advised that the current rent for the ground floor should be in the region between £18,000 - £20,000 per annum. We advise buyers to make their own enquires.

Ground Floor

Shop

First Floor

Two Office Rooms
Kitchen
Shower Room
The property prominent position on Orsett Road situated close to local shops and amenities. The open spaces of Grays Town Park is within easy reach. Transport links are provided by Grays Rail Station.
Freehold
Garage and off street parking at the rear

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Agreement Documents

Additional Documents

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An administration charge of £1,000 (including VAT) applies unless otherwise stated in the addendum. The legal pack and addendum contain details on any additional buyer's premium and disbursements that may be payable upon completion. *Starting price estimates ("guides") are subject to change before the auction. These are not guaranteed selling prices. Each property has a reserve price, the minimum acceptable selling amount, which we expect to be within the guide range or up to 10% above.

While we strive for accuracy, information including images, video tours, and descriptions cannot be fully guaranteed. We will make every effort to inform potential buyers of any changes to the catalogue. Measurements and areas are approximations, and potential buyers are advised to verify them independently. The same applies to tenanted properties - we recommend you confirm occupancy status and rent payments directly. A professional property survey is highly recommended for potential buyers. Neither Swift Property Auctions or their clients are liable for any losses or costs related to withdrawn/sold properties, viewing cancellations, or inaccurate rating information obtained through verbal enquiry only.

While these particulars are provided in good faith, they don't constitute factual representations or form part of any offer or contract. Prospective buyers or tenants should independently verify all information mentioned here. Furthermore, neither Swift Property Auctions nor its employees or agents hold any authority to make any guarantees or warranties regarding this property.

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