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1305 London Rd

1,850 SF Retail Building Leigh On Sea SS9 2AD $798,773 ($432/SF) 6.48% Cap Rate

Investment Highlights

  • Prominent location
  • Individually rented flats on AST's
  • Investment opportunity

Executive Summary

A modern new built property consisting of a retail unit trading as fast food takeaway and 3 self-contained flats accessed from an independent street entrance.
Situated along London Road, which is one of the main thoroughfares running through Leigh-on-Sea, nearby retailers include Waitrose, Sainsburys and a variety of other successful businesses. Leigh-on-Sea is a charming coastal town situated along the Thames Estuary, known for its picturesque old town, sandy beaches, and vibrant arts scene. It's part of the larger Borough of Southend-on-Sea.

Property Facts

Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
1,850 SF
Building Class
B
Year Built
1960
Price
$798,773
Price Per SF
$432
Cap Rate
6.48%
NOI
$51,760
Tenancy
Single
Building Height
2 Stories
Building FAR
0.42
Land Acres
0.10 AC
Frontage
19 FT on London Road

Amenities

  • Storage Space

Nearby Major Retailers

Waitrose & Partners
Shelbys
Sainsbury's
Iceland
Morrisons
Barclays Bank
The Co-operative Food
Hsbc
Ww - Weight Watchers
Lloyds Bank
  • Listing ID: 31056352

  • Date on Market: 2/27/2024

  • Last Updated:

  • Address: 1305 London Rd, Leigh On Sea SS9 2AD

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