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1484-1488 London Rd 720 - 729 sq ft Units Offered at £165,000 - £195,000 Per Unit in Leigh On Sea SS9 2UR
INVESTMENT HIGHLIGHTS
- High Foot Fall
- Mains Electricity & Water
- Large Shop Front
EXECUTIVE SUMMARY
The property is located on the south side of London Road (A13) in Leigh-on-Sea, a popular seaside town in Essex. Positioned just a short distance to the east of its junction with Thames Drive, it benefits from excellent visibility and high footfall. Leigh-on-Sea is known for its vibrant high street, with a mix of retail, hospitality, and local amenities, making it an attractive area for both businesses and residents. The property’s central location offers easy access to local transport links, including the nearby A13 and Leigh-on-Sea Railway Station, providing direct connections to London and other key areas in the region.
PROPERTY FACTS
| Total Property Size | 1,449 sq ft | Typical Floor Size | 1,449 sq ft |
| Property Type | Retail | Year Built | 1995 |
| Costar Property Class | B | Total Plot Size | 0.11 ac |
| Floors | 1 |
| Total Property Size | 1,449 sq ft |
| Property Type | Retail |
| Costar Property Class | B |
| Floors | 1 |
| Typical Floor Size | 1,449 sq ft |
| Year Built | 1995 |
| Total Plot Size | 0.11 ac |
AMENITIES
- Signage
- Storage Space
2 UNITS AVAILABLE
Unit 1484
| Unit Size | 720 sq ft | Sale Type | Investment |
| Price | £165,000 | Tenure | Long Leasehold |
| Price Per sq ft | £229.17 | Net Initial Yield | 6.67% |
| Unit Use | Retail | NOI | £11,005.50 |
| Unit Size | 720 sq ft |
| Price | £165,000 |
| Price Per sq ft | £229.17 |
| Unit Use | Retail |
| Sale Type | Investment |
| Tenure | Long Leasehold |
| Net Initial Yield | 6.67% |
| NOI | £11,005.50 |
SALE NOTES
The premises are let on a full repairing and insuring 5 year lease from July 2022 at a rent of £12,000 per annum to a local covenant. The landlords hold a 3 month rent deposit. Tenant's option to break at year 2.
£165,000 IS REQUIRED FOR A NEW 999 YEAR GROUND LEASE - 7.5% RETURN
RECOMMENDED
Unit 1488
| Unit Size | 729 sq ft | Sale Type | Investment |
| Price | £195,000 | Tenure | Long Leasehold |
| Price Per sq ft | £267.49 | Net Initial Yield | 6.67% |
| Unit Use | Office / Retail | NOI | £13,006.50 |
| Unit Size | 729 sq ft |
| Price | £195,000 |
| Price Per sq ft | £267.49 |
| Unit Use | Office / Retail |
| Sale Type | Investment |
| Tenure | Long Leasehold |
| Net Initial Yield | 6.67% |
| NOI | £13,006.50 |
SALE NOTES
The property comprises a ground floor retail shop located within the popular Highlands Shopping area which is let to Hidden Hearing Limited on a lease until 2027 producing a current rent of £11,600 per annum.
Hidden Hearing Limited was formed in 1986 and have traded from this location since June 2012. The company are currently re-branding and we understand that they will be carrying out a corporate re-fit this year.
£195,000 is required for a new ground lease for a term of 999 years at a ground rent of £100 per annum fixed.and with the benefit of the tenancy in place producing £11,500 per annum The freeholder insures the building..
NEARBY MAJOR RETAILERS
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1484-1488 London Rd
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