181-183 High St
Southend On Sea SS1 1LL

Retail Property For Sale

INVESTMENT HIGHLIGHTS

  • The building is situated in a prominent position on the High Street
  • 40 miles east of London
  • The main arterial road into the area is the A127 which links to the M25, A13 and A12
  • Situated in the heart of the popular seaside town of Southend-on-sea
  • Southend Victoria railway station is 0.2 miles north of the property

EXECUTIVE SUMMARY

The property is arranged over three floors and basement. The ground floor and basement are currently occupied by Costa Coffee who have been in occupation for over 10 years. The upper floors provide two high quality apartments (1 x 2 bed & 1 x 3 bed).
This mixed use Investment opportunity for sale has a total passing rent of £70,175 per annum.
Offers are invited in excess of £950,000 subject to contract and exclusive of VAT. This represents an approximate gross
yield of 7.4%

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
4,284 SF
Year Built
1900
Price
$1,196,810
Price Per SF
$279
Cap Rate
7.40%
NOI
$88,564
Tenancy
Single
Building Height
4 Stories
Building FAR
1.21
Lot Size
0.08 AC

AMENITIES

  • Storage Space
  • Listing ID: 33376958

  • Date on Market: 10/2/2024

  • Last Updated:

  • Address: 181-183 High St, Southend On Sea SS1 1LL