LOT 5 · COMMERCIAL PROPERTY
64 Orsett Road
Grays, RM17 5EH
Property 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.
Accommodation
Ground Floor
Shop
First Floor
Two Office Rooms
Kitchen
Shower Room
Location
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.
Exterior
Garage and off street parking at the rear
Run the Numbers
Explore rental returns and monthly repayments for this property.
Your rental returns
- Gross yield
- 2.3%
- Net yield
- 2.3%
- Annual income
- £9,000
Net yield deducts your annual running costs, before tax and finance.
Yields use the purchase price and assume 12 months’ rent. Include maintenance, insurance, management and vacancy allowances in annual costs. Tax, finance and purchase fees are excluded.
Illustrative estimates only, not financial advice or a lending offer. Confirm funding and the completion deadline before bidding.
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Some lots may include additional charges on completion. Full details are contained within the legal pack and addendum and should be reviewed before bidding.
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Accuracy & Property Condition
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Withdrawn or Pre-Sold Lots
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PROPERTY ENQUIRY
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Ask about 64 Orsett Road, arrange a viewing or discuss your next steps.