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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

Nearby Major Retailers

The Co-operative Food
Sainsbury's
Caffe Nero
Lidl
Metro Bank
Starbucks
Costa Coffee
SPAR
Loungers
Bella Italia
  • Listing ID: 33740846

  • Date on Market: 04/11/2024

  • Last Updated:

  • Address: 296-298 London Rd, Westcliff On Sea SS0 7JJ

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