296-298 London Rd
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296-298 London Rd
2,025 SF 100% Leased Retail Building Westcliff On Sea SS0 7JJ £375,000 (£185/SF) 5% Net Initial Yield
Investment Highlights
- Prominent High Street location
- Hamlet Court Carpark nearby
- Good passing traffic and footfall
Executive Summary
A freehold, double fronted, retail outlet situated on the south side of the popular London Road (A13) Westcliff. Short stay roadside parking bays are available outside the premises. The freehold consists of 2 flats above sold off on leases.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
2,025 SF
Building Class
C
Year Built
1930
Price
£375,000
Price Per SF
£185
Net Initial Yield
5%
NOI
£18,750
Percent Leased
100%
Tenancy
Multiple
Number of Floors
2
Building FAR
0.90
Land Acres
0.05 AC
Frontage
36 ft on London Rd
Amenities
- Bus Route
- Courtyard
- Signage
- Storage Space
1 of 1
Nearby Major Retailers
1 of 7
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296-298 London Rd
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