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105-107 West Rd

1,800 SF Retail Building Southend On Sea SS3 9DT $1,294,985 ($719/SF) 8.59% Cap Rate

Investment Highlights

  • Prominent High Street location
  • Good passing traffic and footfall
  • Neighboured by local amenities

Executive Summary

The property is offered for freehold sale, subject to an asking price of £1,050,000. (plus VAT if applicable).
The ground floor retail unit is currently occupied on a 5 year lease producing £20,000 per annum. The apartments currently produce £70,200.

Property Facts

Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
1,800 SF
Building Class
C
Year Built
1968
Price
$1,294,985
Price Per SF
$719
Cap Rate
8.59%
NOI
$111,245
Tenancy
Single
Building Height
2 Stories
Building FAR
0.83
Lot Size
0.05 AC
Frontage
48 FT on West Road

Amenities

  • Signage
  • Energy Performance Rating - B
  • Automatic Blinds
  • Storage Space

Nearby Major Retailers

SPAR
Morley's Fried Chicken
Sainsbury's
Harvester
ASDA
Fulton Bank
Costa Coffee
  • Listing ID: 33519193

  • Date on Market: 10/15/2024

  • Last Updated:

  • Address: 105-107 West Rd, Southend On Sea SS3 9DT

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