Your email has been sent.
61-73 Victoria Ave - Beaumont Court & Richmond House 838 - 2,200 sq ft Units Offered at £165,000 - £425,000 Per Unit in Southend On Sea SS2 6EB
INVESTMENT HIGHLIGHTS
- Just Off Victoria Avenue
- Great Transport Links Including Southend Victoria Station Within Walking Distance
- Near Town Centre Amenities
EXECUTIVE SUMMARY
Situated a short walk from Southend’s busy high street, the development has also rejuvenated the area; transforming the unused blocks into contemporary new flats, including a 24 hour concierge service, resident’s gym and 2 well maintained roof gardens, as well as stunning views of the local area.
PROPERTY FACTS
| Total Property Size | 350,000 sq ft | Typical Floor Size | 14,329 sq ft |
| Property Type | Build-to-Rent | Year Built | 2018 |
| Property Subtype | Apartment | Total Plot Size | 2.38 ac |
| Costar Property Class | B | Parking Allocation | 0.29/1,000 sq ft |
| Floors | 11 |
| Total Property Size | 350,000 sq ft |
| Property Type | Build-to-Rent |
| Property Subtype | Apartment |
| Costar Property Class | B |
| Floors | 11 |
| Typical Floor Size | 14,329 sq ft |
| Year Built | 2018 |
| Total Plot Size | 2.38 ac |
| Parking Allocation | 0.29/1,000 sq ft |
AMENITIES
SITE AMENITIES
- 24 Hour Access
- On-Site Retail
- Lift
5 UNITS AVAILABLE
Unit 1
| Unit Size | 1,900 sq ft | Sale Type | Investment |
| Price | £425,000 | Tenure | Freehold |
| Price Per sq ft | £223.68 | Net Initial Yield | 8.50% |
| Unit Use | Retail | NOI | £36,125 |
| Unit Size | 1,900 sq ft |
| Price | £425,000 |
| Price Per sq ft | £223.68 |
| Unit Use | Retail |
| Sale Type | Investment |
| Tenure | Freehold |
| Net Initial Yield | 8.50% |
| NOI | £36,125 |
DESCRIPTION
In a total of approx. 1,900 sq ft with an open plan seating area, together with a commercial fully equipped kitchen and ladies/gents toilets. In addition, al-fresco area licenced for up to 30 seated customers.
SALE NOTES
The property is let by way of a lease for a term of 15 years from 22nd November 2023, producing a rental income of £36,000pa + VAT, subject to a reversion in November 2028.
Interior
Unit 2
| Unit Size | 2,200 sq ft | Sale Type | Investment or Owner Occupier |
| Price | £395,000 | Tenure | Freehold |
| Price Per sq ft | £179.55 | Sale Status | In Exchange |
| Unit Use | Retail |
| Unit Size | 2,200 sq ft |
| Price | £395,000 |
| Price Per sq ft | £179.55 |
| Unit Use | Retail |
| Sale Type | Investment or Owner Occupier |
| Tenure | Freehold |
| Sale Status | In Exchange |
DESCRIPTION
Fully equipped convenience store/ supermarket unit extending to 2,200 sq ft in total.
SALE NOTES
The property is available by way of a lease for a term of 191 years (virtual freehold) with a ground rent payable of £350pa. The service charge estimate for the current year is £338.92p per month plus VAT.
Interior
Unit 3
| Unit Size | 932 sq ft | Sale Type | Investment |
| Price | £200,000 | Tenure | Freehold |
| Price Per sq ft | £214.59 | Net Initial Yield | 9.00% |
| Unit Use | Retail | NOI | £18,000 |
| Unit Size | 932 sq ft |
| Price | £200,000 |
| Price Per sq ft | £214.59 |
| Unit Use | Retail |
| Sale Type | Investment |
| Tenure | Freehold |
| Net Initial Yield | 9.00% |
| NOI | £18,000 |
DESCRIPTION
Ground floor retail space extending to 932 sq.ft. The unit is divided into the main salon, 3 treatment rooms, kitchen, store & WC.
SALE NOTES
The property is available by way of a lease for a term of 191 years (virtual freehold) with a ground rent payable of £350pa. The service charge estimate for the current year is £148.57p per month plus VAT.
Interior
Unit 7/8
| Unit Size | 1,230 sq ft | Sale Type | Investment or Owner Occupier |
| Price | £225,000 | Tenure | Freehold |
| Price Per sq ft | £182.93 | Sale Status | In Exchange |
| Unit Use | Office |
| Unit Size | 1,230 sq ft |
| Price | £225,000 |
| Price Per sq ft | £182.93 |
| Unit Use | Office |
| Sale Type | Investment or Owner Occupier |
| Tenure | Freehold |
| Sale Status | In Exchange |
DESCRIPTION
Office unit on the ground floor of Richmond House, featuring storage space and extending to 1,230 sq ft in total.
SALE NOTES
The property is available by way of a lease for a term of 191 years (virtual freehold) with a ground rent payable of £350pa. The service charge estimate for the current year is £689.15p per month plus VAT.
Interior
Interior
Unit 9
| Unit Size | 838 sq ft | Unit Use | Industrial |
| Price | £165,000 | Sale Type | Investment or Owner Occupier |
| Price Per sq ft | £196.90 | Tenure | Freehold |
| Unit Size | 838 sq ft |
| Price | £165,000 |
| Price Per sq ft | £196.90 |
| Unit Use | Industrial |
| Sale Type | Investment or Owner Occupier |
| Tenure | Freehold |
DESCRIPTION
Divided into 2 spaces, separated a partition wall, totalling 838 sq ft with 3.5m head height. Parking for 1 vehicle.
SALE NOTES
The property is available by way of a lease for a term of 191 years (virtual freehold) with a ground rent payable of £350pa. The service charge estimate for the current year is £326.90p per month plus VAT.
Interior
Interior
Presented by
61-73 Victoria Ave - Beaumont Court & Richmond House
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.