747 Southchurch Rd - Storefront FOR SALE


Southend On Sea, ESS SS1 2PP
$180,000 USD
747 Southchurch Rd, Southend On Sea, ESS for Sale
$180,000 USD
Storefront - FOR SALE
1/2
null | 6.94% Cap Rate

747 Southchurch Rd
Southend On Sea, ESS SS1 2PP


HIGHLIGHTS

  • Prominent High Street location
  • Neighboured by local amenities
  • Walking distance from Southend East station

OVERVIEW

Situated on a plot of approximately 3000 sq ft. Comprises of a ground floor retail unit which is currently let as a hairdressers, alongside a rear workshop and a yard which are currently let as storage, both tenants are on a lease which commences January 2024 - tenants are currently paying £12,500, increasing to £13,000 for year two and then £13,500 for year three. The vendor has had planning permission passed for the erection of a single storey rear extension and first floor extension to create 2 residential units. Planning permission passed 24/00547/FUL.

FOR SALE DETAILS

PRICE

$180,000 USD

PRICE/SF

$195 USD /SF

CAP RATE

6.94%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1972

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,186 SF

ZONING

-

APN/PARCEL ID

EX797144

ASK ABOUT THIS PROPERTY

Neil BurroughsAyers & CruiksMore Info

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Neil BurroughsAyers & CruiksMore Info

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