Log In/Sign up
Your email has been sent.
170-172 Leigh Rd 2,384 sq ft Retail Property Leigh On Sea SS9 1BT £400,000 (£167.79/sq ft) 6.18% Net Initial Yield
INVESTMENT HIGHLIGHTS
- The property is located in popular trading location on the south side of Leigh Road
EXECUTIVE SUMMARY
A mixed retail / residential investment in Central Leigh on Sea.
170/172 Leigh Road
Let to Havens Hospices on the basis of a FRI lease for a term of 10 years from 20th August 2021 at a rent passing of £12,000 per annum exclusive . The tenants have an option to determine the lease in August 2026 , there is also a rent review in August 2026.
168 is let to Mr. David Burton Sampson as a constituency office on a FRI for a term of 5 years with effect from January 2025 at a rent of £12,500 per annum exclusive and with require
168a - the flat is held on a lease for 125 years at a rent of £200 per annum
PRODUCING £24,700 PER ANNUM
170/172 Leigh Road
Let to Havens Hospices on the basis of a FRI lease for a term of 10 years from 20th August 2021 at a rent passing of £12,000 per annum exclusive . The tenants have an option to determine the lease in August 2026 , there is also a rent review in August 2026.
168 is let to Mr. David Burton Sampson as a constituency office on a FRI for a term of 5 years with effect from January 2025 at a rent of £12,500 per annum exclusive and with require
168a - the flat is held on a lease for 125 years at a rent of £200 per annum
PRODUCING £24,700 PER ANNUM
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Residential
Property Size
2,384 sq ft
Year Built
2012
Price
£400,000
Price per sq ft
£167.79
Yield
6.18%
NOI
£24,700
Tenancy
Single
Number of Floors
3
Plot ratio
0.35
Total Plot Size
0.15 ac
Frontage
44 ft on Leigh Road
AMENITIES
- Commuter Rail
- Signage
- Storage Space
1 1
NEARBY MAJOR RETAILERS
1 of 2
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
170-172 Leigh Rd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.