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24-26 Southchurch Rd 1,501 sq ft 100% Let Retail Property Southend-On-Sea SS1 2ND £395,000 (£263.16/sq ft) 8.10% Net Initial Yield
Investment Highlights
- Investment
- Freehold
Executive Summary
All measurements are approximate & have been measured on a gross internal basis: 24 Southchurch Road (Retail Shop): 511 Sq.Ft. 26 Southchurch Road (Take Away/Restaurant) 990 Sq.Ft. Both have rear parking with vehicular access.
A mixed investment opportunity comprising 2 shops, one let with an income of £20,000pa & the other at £12,000pa, with four 1 bedroom flats above producing a ground rent of £1,360pa, & therefore a yield of 8.1% on the asking price.
A mixed investment opportunity comprising 2 shops, one let with an income of £20,000pa & the other at £12,000pa, with four 1 bedroom flats above producing a ground rent of £1,360pa, & therefore a yield of 8.1% on the asking price.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Residential
Property Size
1,501 sq ft
Costar Property Class
C
Year Built
1910
Price
£395,000
Price per sq ft
£263.16
Yield
8.10%
NOI
£32,000
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
3
Plot ratio
0.78
Total Plot Size
0.04 ac
Frontage
33 ft on Southchurch Road
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Nearby Major Retailers
1 of 3
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24-26 Southchurch Rd
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