From
£2,300,000
Property for saleSouthchurch Road, Southend-On-Sea SS1
Auction
About this property
Freehold Retail and Healthcare Investment
Substantial mixed use block
Majority let to nhs Property Services Ltd
Long WAULT of 7.78 years
Instant asset management opportunities to include re-letting of vacant unit
Includes a vacant unit with an erv of approximately £15,000 pa (total approx. £306,715 pa)
Comprises approximately 2,423.74 sq m (26,089 sq ft)
Investment let at £291,215 pa (12.66% on Guide Price)
Strapline
Auction Sale - 02/07/2025
Freehold Retail and Healthcare Investment
Comprises a substantial mixed-use block of retail, takeaway and healthcare occupiers
Comprises approximately 2,423.74 sq m (26,089 sq ft)
Investment let at £291,215 pa (12.66% on Guide Price) + Recently vacant unit
Description
The property comprises a substantial three storey building arranged as a ground floor retail with office/healthcare above. The property comprises 12 units let to nine tenants, with the anchor tenant being nhs Property Services Ltd.
Tenancy
Please see Tenancy & Accommodation Schedule.
Accommodation
Please note the approximate areas have been provided by the voa/Vendor/EPC and the property has not been internally inspected by Savills. The photos and yellow line drawings are for illustrative purposes only and may not reflect the exact boundary of the site.
Planning
The property may benefit from future change of use/development potential (subject to necessary consents). For further information please contact Southend-on-Sea City Council ().
Auction Sale - 02/07/2025
Freehold Retail and Healthcare Investment
Comprises a substantial mixed-use block of retail, takeaway and healthcare occupiers
Comprises approximately 2,423.74 sq m (26,089 sq ft)
Investment let at £291,215 pa (12.66% on Guide Price) + Recently vacant unit
Description
The property comprises a substantial three storey building arranged as a ground floor retail with office/healthcare above. The property comprises 12 units let to nine tenants, with the anchor tenant being nhs Property Services Ltd.
Tenancy
Please see Tenancy & Accommodation Schedule.
Accommodation
Please note the approximate areas have been provided by the voa/Vendor/EPC and the property has not been internally inspected by Savills. The photos and yellow line drawings are for illustrative purposes only and may not reflect the exact boundary of the site.
Planning
The property may benefit from future change of use/development potential (subject to necessary consents). For further information please contact Southend-on-Sea City Council ().
.png){kind=logo}