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135 High St 1,572 sq ft 100% Let Retail Property Southend On Sea SS1 1LH £1,500,000 (£954.20/sq ft)
INVESTMENT HIGHLIGHTS
- Southend Central and Southend Victoria train station are within walking distance.
- Opportunity for development, approved planning permission for flats on the first and second floor.
- Public car park located close by.
EXECUTIVE SUMMARY
Investment and development opportunity for sale located on the pedestrianised High Street. Ground floor has two current commercial tenants: Ground Floor 133 High Street let to Ryel Limted trading as Plan Burrito at a rent of £30,000 per annum on a 10 year lease from 28th June 2023. Ground Floor 135 High Street: Let to Mr Fryad trading as a Kings & Queens at a rent of £20,000 per annum on a 10 year lease from 24th February 2021. The upper parts of the building currently has approved planning application no: 23/02028/FUL for 6 x flats first floor (2 x 1 bed and 1 x 2 bed) second floor ( 2 x 1 bed and 1 x 3 bed).
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Residential
Property Size
1,572 sq ft
Costar Property Class
B
Year Built
1887
Price
£1,500,000
Price per sq ft
£954.20
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
3
Frontage
20 ft on 135 High Street
AMENITIES
- Bus Route
- Commuter Rail
- Restaurant
- Signage
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NEARBY MAJOR RETAILERS
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135 High St
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