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73 Victoria Av - Richmond House Plaza 838 - 2,200 sq ft Units Offered at £165,000 - £425,000 Per Unit in Southend-On-Sea SS2 6FP
5 Units Available
- Unit
- Unit Size
- Unit Use
- Price
- NOI
| Sale Type | Investment | Tenure | Freehold |
| Net Initial Yield | 8.50% |
| Sale Type | Investment |
| Net Initial Yield | 8.50% |
| Tenure | Freehold |
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.
| Sale Type | Investment or Owner Occupier | Tenure | Freehold |
| Sale Status | In Exchange |
| Sale Type | Investment or Owner Occupier |
| Sale Status | In Exchange |
| Tenure | Freehold |
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.
| Sale Type | Investment | Tenure | Freehold |
| Net Initial Yield | 9.00% |
| Sale Type | Investment |
| Net Initial Yield | 9.00% |
| Tenure | Freehold |
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.
| Sale Type | Investment or Owner Occupier | Tenure | Freehold |
| Sale Status | In Exchange |
| Sale Type | Investment or Owner Occupier |
| Sale Status | In Exchange |
| Tenure | Freehold |
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.
| Sale Type | Investment or Owner Occupier | Tenure | Freehold |
| 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.
| Unit | Unit Size | Unit Use | Price | NOI |
| Unit 1 | 1,900 sq ft | Retail | £425,000 (£223.68/sq ft) | £36,125 |
| Unit 2 | 2,200 sq ft | Retail | £395,000 (£179.55/sq ft) | - |
| Unit 3 | 932 sq ft | Retail | £200,000 (£214.59/sq ft) | £18,000 |
| Unit 7/8 | 1,230 sq ft | Office | £225,000 (£182.93/sq ft) | - |
| Unit 9 | 838 sq ft | Industrial | £165,000 (£196.90/sq ft) | - |
Unit 1
| Unit Size |
| 1,900 sq ft |
| Unit Use |
| Retail |
| Price |
| £425,000 (£223.68/sq ft) |
| NOI |
| £36,125 |
Unit 2
| Unit Size |
| 2,200 sq ft |
| Unit Use |
| Retail |
| Price |
| £395,000 (£179.55/sq ft) |
| NOI |
| - |
Unit 3
| Unit Size |
| 932 sq ft |
| Unit Use |
| Retail |
| Price |
| £200,000 (£214.59/sq ft) |
| NOI |
| £18,000 |
Unit 7/8
| Unit Size |
| 1,230 sq ft |
| Unit Use |
| Office |
| Price |
| £225,000 (£182.93/sq ft) |
| NOI |
| - |
Unit 9
| Unit Size |
| 838 sq ft |
| Unit Use |
| Industrial |
| Price |
| £165,000 (£196.90/sq ft) |
| NOI |
| - |
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Unit 1
| Unit Size | 1,900 sq ft |
| Unit Use | Retail |
| Price | £425,000 (£223.68/sq ft) |
| NOI | £36,125 |
| Sale Type | Investment |
| Net Initial Yield | 8.50% |
| Tenure | Freehold |
| 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.</li></ul> | |
| 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.</li></ul> |
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Matterport 3D Exterior
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Map
Unit 2
| Unit Size | 2,200 sq ft |
| Unit Use | Retail |
| Price | £395,000 (£179.55/sq ft) |
| NOI | - |
| Sale Type | Investment or Owner Occupier |
| Sale Status | In Exchange |
| Tenure | Freehold |
| Description | |
| Fully equipped convenience store/ supermarket unit extending to 2,200 sq ft in total.</li></ul> | |
| 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.</li></ul> |
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Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Unit 3
| Unit Size | 932 sq ft |
| Unit Use | Retail |
| Price | £200,000 (£214.59/sq ft) |
| NOI | £18,000 |
| Sale Type | Investment |
| Net Initial Yield | 9.00% |
| Tenure | Freehold |
| Description | |
| Ground floor retail space extending to 932 sq.ft. The unit is divided into the main salon, 3 treatment rooms, kitchen, store & WC.</li></ul> | |
| 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.</li></ul> |
1 of 2
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Unit 7/8
| Unit Size | 1,230 sq ft |
| Unit Use | Office |
| Price | £225,000 (£182.93/sq ft) |
| NOI | - |
| Sale Type | Investment or Owner Occupier |
| Sale Status | In Exchange |
| Tenure | Freehold |
| Description | |
| Office unit on the ground floor of Richmond House, featuring storage space and extending to 1,230 sq ft in total.</li></ul> | |
| 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.</li></ul> |
1 of 2
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Unit 9
| Unit Size | 838 sq ft |
| Unit Use | Industrial |
| Price | £165,000 (£196.90/sq ft) |
| NOI | - |
| 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.</li></ul> | |
| 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.</li></ul> |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| 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
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73 Victoria Av - Richmond House Plaza
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