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105-107 West Rd 1,800 sq ft Retail Property Southend On Sea SS3 9DT £1,050,000 (£583.33/sq ft) 9.33% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Retail (A1)
- Investment
EXECUTIVE SUMMARY
A freehold, double fronted, terraced building situated on a popular shopping parade.
The property is offered for freehold sale, subject to an asking price of £1,050,000. (plus VAT if applicable).
The ground floor retail unit is currently occupied on a 5 year lease producing £20,000 per annum. The apartments currently produce £78,000 per annum.
The property is offered for freehold sale, subject to an asking price of £1,050,000. (plus VAT if applicable).
The ground floor retail unit is currently occupied on a 5 year lease producing £20,000 per annum. The apartments currently produce £78,000 per annum.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Residential
Property Size
1,800 sq ft
Costar Property Class
C
Year Built
1968
Price
£1,050,000
Price per sq ft
£583.33
Yield
9.33%
NOI
£98,000
Tenancy
Single
Number of Floors
2
Plot ratio
0.83
Total Plot Size
0.05 ac
Frontage
48 ft on West Road
AMENITIES
- Signage
- EPC - B
- Roller Shutters
- Storage Space
1 1
NEARBY MAJOR RETAILERS
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105-107 West Rd
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