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24 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
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 total 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
AMENITIES
- Security System
- Signage
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NEARBY MAJOR RETAILERS
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24 Southchurch Rd
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