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32-34 St. Helens Rd 1,599 sq ft Retail Property Westcliff On Sea SS0 7LB £650,000 (£406.50/sq ft) 4.65% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Investment
- Freehold
- 1397 Approx Sq Ft
EXECUTIVE SUMMARY
Comprising a well regarded & long established Restaurant trading for over 40 years in approx. 1,400 sq ft let with an income of £18,000, a s/c 2 bedroom flat above let with an income of £12,225 per annum & an elegant Air B&B business producing additional income.
Fully equipped commercial kitchen & adjoining prep room with walk-in cold room in a total of some 478 sq ft Rear yard with store and fire escape access. All floor areas are approximate and have been calculated on a Gross Internal (GIA) basis.
Fully equipped commercial kitchen & adjoining prep room with walk-in cold room in a total of some 478 sq ft Rear yard with store and fire escape access. All floor areas are approximate and have been calculated on a Gross Internal (GIA) basis.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Restaurant
Property Size
1,599 sq ft
Costar Property Class
B
Year Built
1977
Price
£650,000
Price per sq ft
£406.50
Yield
4.65%
NOI
£30,225
Tenancy
Single
Number of Floors
2
Plot ratio
0.58
Total Plot Size
0.06 ac
Frontage
72 ft on Saint Helen's Road
AMENITIES
- Signage
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NEARBY MAJOR RETAILERS
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32-34 St. Helens Rd
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