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1305 London Rd 1,850 sq ft Retail Property Leigh On Sea SS9 2AD £599,000 (£323.78/sq ft) 6.76% Net Initial Yield

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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.

ATTACHMENTS

Brochure

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Residential
Property Size
1,850 sq ft
Costar Property Class
B
Year Built
1960
Price
£599,000
Price per sq ft
£323.78
Yield
6.76%
NOI
£40,500
Tenancy
Single
Number of Floors
2
Plot ratio
0.42
Total Plot Size
0.10 ac
Frontage
19 ft on London Road

AMENITIES

  • Storage Space

NEARBY MAJOR RETAILERS

Waitrose & Partners
Sainsbury's
Iceland
Morrisons
Shelbys
Barclays Bank
Co-op
Hsbc
Ww - Weight Watchers
Lloyds Bank
  • Listing ID: 31056352

  • Date on Market: 27/02/2024

  • Last Updated:

  • Address: 1305 London Rd, Leigh On Sea SS9 2AD

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