123-127 The Broadway
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
123-127 The Broadway
1,974 SF 100% Leased Retail Building Southend On Sea SS1 3EX £525,000 (£266/SF) 6.67% Net Initial Yield
Investment Highlights
- Prominent corner location
- Walking distance from Thorpe Bay train station
- Highly visible with good passing traffic
Executive Summary
The property has undergone extensive refurbishment by the current tenant Medivet Group LTD including an extension to the rear. The Property is let on a 15 year lease expiring March 2039 at a passing rent of £35,000 Per Annum.
There is a tenant break on the 10th Year and 5 Yearly upward only rent reviews. First rent review in line with CPI with cap and collar of 4% and
2% respectively. Second rent review is upward only to open market rent. Tenant works are to be disregarded.
There is a tenant break on the 10th Year and 5 Yearly upward only rent reviews. First rent review in line with CPI with cap and collar of 4% and
2% respectively. Second rent review is upward only to open market rent. Tenant works are to be disregarded.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
1,974 SF
Building Class
B
Year Built
1800
Price
£525,000
Price Per SF
£266
Net Initial Yield
6.67%
NOI
£35,000
Percent Leased
100%
Tenancy
Multiple
Number of Floors
4
Building FAR
0.65
Lot Size
0.07 AC
Frontage
67 ft on The Broadway
Amenities
- Bus Route
- Signage
- EPC - C
1 of 1
Nearby Major Retailers
1 of 7
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
123-127 The Broadway
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.