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45 Victoria Ave 11,952 sq ft 100% Let Office Property Southend On Sea SS2 6BA £1,100,000 (£92.03/sq ft) 12.27% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Investment
- Freehold
EXECUTIVE SUMMARY
The freehold of the building comprising Grd & 1st Floor offices along with a vacant Café held together under a single lease of the commercial premises which will be included in the sale, plus eight upper floors containing 52 residential apartments which have been sold on long leases. To the rear of the building there is a moderately sized car park which is used by the residents and commercial occupiers.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Property Size
11,952 sq ft
Costar Property Class
B
Year Built
1970
Price
£1,100,000
Price per sq ft
£92.03
Yield
12.27%
NOI
£134,950
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
2
Typical Floor Size
5,976 sq ft
Plot ratio
0.32
Total Plot Size
0.85 ac
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45 Victoria Ave
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