Marketed by
Dedman Gray
Essex
13 Nelson St, Southend-on-Sea SS1 1EH
New
1 of 14
£1,050,000
181-183 High Street, Southend-on-Sea, Essex, SS1 1LL
2394 sq. ft (222.41 m²)
Key features
- Mixed Use Freehold
- Total Income £71,000.
- 2 Bed & 3 Bed Self Contained Flats
- Reversionary Potential at Lease Expiry
- Excellent Transport Links
Description
A terraced mixed use freehold investment opportunity currently producing a total income of £71,000 pa. The ground floor comprises of approximately 2,394 sq. ft. and is let to a 'Costa Coffee' producing an income of £41,000. pa +VAT. On the 1st floor and 2nd floors, there is a 3 bedroom large self-contained flat and 2 bedroom flat currently let on a rolling periodic tenancies producing a total income of £30, 000. pa. This property benefit from secure tenancies at rents below prevailing market levels, providing an attractive opportunity for rental growth.
Reference: 403065_sales
Marketed by
Dedman Gray
Essex
13 Nelson St, Southend-on-Sea SS1 1EH
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789, Southchurch Road, Southend On Sea, Essex, SS1 2PP
267 sq. ft (24.81 m²)
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Marketed by
Sorrell Property Essex