1305 London Rd 1,850 SF Retail Building Leigh On Sea SS9 2AD £599,000 (£323.78/SF) 6.76% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Prominent location
- Individually rented flats on AST's
- Investment opportunity
EXECUTIVE SUMMARY
A modern new built property consisting of a retail unit trading as fast food takeaway and 3 self-contained flats accessed from an independent street entrance.
Situated along London Road, which is one of the main thoroughfares running through Leigh-on-Sea, nearby retailers include Waitrose, Sainsburys and a variety of other successful businesses. Leigh-on-Sea is a charming coastal town situated along the Thames Estuary, known for its picturesque old town, sandy beaches, and vibrant arts scene. It's part of the larger Borough of Southend-on-Sea.
Situated along London Road, which is one of the main thoroughfares running through Leigh-on-Sea, nearby retailers include Waitrose, Sainsburys and a variety of other successful businesses. Leigh-on-Sea is a charming coastal town situated along the Thames Estuary, known for its picturesque old town, sandy beaches, and vibrant arts scene. It's part of the larger Borough of Southend-on-Sea.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
1,850 SF
Building Class
B
Year Built
1960
Price
£599,000
Price Per SF
£323.78
Net Initial Yield
6.76%
NOI
£40,500
Tenancy
Single
Number of Floors
2
Building FAR
0.42
Lot Size
0.10 AC
Frontage
19 ft on London Road
AMENITIES
- Storage Space
1 of 1
NEARBY MAJOR RETAILERS
