Retail Shop and Flat, Southend-On-Sea
88 High St, Southend-on-Sea SS1 1JN, UKBasic Facts
| Property ID: 17005 | Post Updated: 2023-11-06 09:49:41 |
| Status: Under Offer | Type: Retail - other |
| Tenure: Freehold | Area: 3283 sq ft |
| Gross Rent: £ 30,000 | Gross Yield %: 5 |
| Lease Term: Expires 21st Oct 2024 | Lease Term Expiry Date: 31/10/24 |
| Years left on Lease: 0.5 | VAT applicable: No |
Property Description
- Freehold mixed-use investment
- Arranged over 4 floors comprising (approx):
- Retail
- Basement – 312 sq ft
- Ground – Retail – 1,787 sq ft
- Residential
- First Floor & Second Floor (4 Bed Maisonette) – 1,184 sq ft
- Total Size – 3,283 sq ft
- Development Opportunity (STP)
Location Description
- The property is located on a pedestrianised High Street a short distance from Southend Central station
- Southend-on-Sea is a resort town on the Thames Estuary in Essex, southeast England
Tenancy & Additional Notes
- The entire property is let to Mari International Ltd on a low rent of £30,000 p.a. on an overriding lease
- On a term ending 31st Oct 2024
Features
Freehold
No VAT applicable
Prime location
Residential element
Value-Add Potential
