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580-584 Rayleigh Rd

2,800 SF Retail Building Leigh-On-Sea SS9 5HU $1,267,427 ($453/SF) 2.70% Cap Rate

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Investment Highlights

Mixed use investment
Ample space

Further redevelopment potential

Executive Summary

A detached two-storey building, currently arranged to provide a large ground floor showroom which currently operates as a fitness centre, with two fully self-contained, two-bedroom flats above. The fitness centre is occupied by virtue of a 5-year lease which commenced on 1st January 2021 and the flats are let separately on an AST basis. We understand that as a result of a recent pre-app with the Local Planning Authority, there may be potential for further dwellings to be created (STP)
This property has main road frontage on north side of Rayleigh Road, the A129, which extends from Eastwood in the east through to Rayleigh to the west, and runs parallel to the A127.

580-584 Rayleigh Rd brochure

Property Facts

Sale Type

Investment

Property Type

Retail

Tenure

Freehold

Property Subtype

Storefront Retail/Residential

Building Size

2,800 SF

Building Class

Year Built

1930

Price

$1,267,427

Price Per SF

$453

Cap Rate

2.70%

NOI

$34,221

Tenancy

Single

Building Height

2 Stories

Building FAR

0.36

Land Acres

0.18 AC

Parking

4 Spaces (1.43 Spaces per 1,000 SF Leased)

Frontage

51 FT on Rayleigh Road

Amenities

Signage

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