£425,000
Retail premises for saleVictoria Avenue, Southend-On-Sea SS2
Freehold
About this property
An exceptional opportunity to acquire a commercial investment, currently let and generating a strong rental income of £36,000 per annum, reflecting an attractive net yield of 8.5% based on the asking price.
Key Features:
191-year lease
Income Producing – Let to an established tenant operating a licensed coffee shop
Spacious Premises – Approximately 1,870 sq.ft of well-presented commercial space
Prominently situated on Victoria Avenue, Southend-on-Sea
Located within an area experiencing significant regeneration and investment, with high-quality residential apartments
The property enjoys excellent visibility and high footfall, making it a sought-after location for hospitality and retail businesses. The ongoing transformation of the surrounding area continues to enhance the long-term capital and rental growth prospects.
Tenure: 191 year Lease
Current Rent: £36,000 per annum received from Tenant
Yield: 8.5% (based on asking price)
Use Class: E (Commercial, Business & Service) – includes café/restaurant use
This is a rare chance to acquire a hands-off, income-generating asset in a rapidly developing part of town.
Contact us today for further details or to arrange a viewing
Tenure
191 year Lease with a ground rent payable of £350 per annum. The tenant of the property has a 15 year lease from 22nd November 2023 at a rental of £36,000 plus VAT per annum exclusive. The lease is subject to 5 yearly rent reviews with the next one due November 2028
Business Rates
The premises is subject to a rateable value of £21,750
Legal Costs
Each party to be responsible for heir own legal cost incurred in the transaction
Key Features:
191-year lease
Income Producing – Let to an established tenant operating a licensed coffee shop
Spacious Premises – Approximately 1,870 sq.ft of well-presented commercial space
Prominently situated on Victoria Avenue, Southend-on-Sea
Located within an area experiencing significant regeneration and investment, with high-quality residential apartments
The property enjoys excellent visibility and high footfall, making it a sought-after location for hospitality and retail businesses. The ongoing transformation of the surrounding area continues to enhance the long-term capital and rental growth prospects.
Tenure: 191 year Lease
Current Rent: £36,000 per annum received from Tenant
Yield: 8.5% (based on asking price)
Use Class: E (Commercial, Business & Service) – includes café/restaurant use
This is a rare chance to acquire a hands-off, income-generating asset in a rapidly developing part of town.
Contact us today for further details or to arrange a viewing
Tenure
191 year Lease with a ground rent payable of £350 per annum. The tenant of the property has a 15 year lease from 22nd November 2023 at a rental of £36,000 plus VAT per annum exclusive. The lease is subject to 5 yearly rent reviews with the next one due November 2028
Business Rates
The premises is subject to a rateable value of £21,750
Legal Costs
Each party to be responsible for heir own legal cost incurred in the transaction
Mortgage calculator
Monthly repayment
£2,126 per month
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