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1484-1488 London Rd 720 - 729 SF Condo Units Offered at $220,223 - $260,264 Per Unit in Leigh On Sea SS9 2UR
INVESTMENT HIGHLIGHTS
- High Foot Fall
- Mains Electricity & Water
- Large Shop Front
EXECUTIVE SUMMARY
The property is located on the south side of London Road (A13) in Leigh-on-Sea, a popular seaside town in Essex. Positioned just a short distance to the east of its junction with Thames Drive, it benefits from excellent visibility and high footfall. Leigh-on-Sea is known for its vibrant high street, with a mix of retail, hospitality, and local amenities, making it an attractive area for both businesses and residents. The property’s central location offers easy access to local transport links, including the nearby A13 and Leigh-on-Sea Railway Station, providing direct connections to London and other key areas in the region.
PROPERTY FACTS
| Total Building Size | 1,449 SF | Typical Floor Size | 1,449 SF |
| Property Type | Retail | Year Built | 1995 |
| Building Class | B | Lot Size | 0.11 AC |
| Floors | 1 |
| Total Building Size | 1,449 SF |
| Property Type | Retail |
| Building Class | B |
| Floors | 1 |
| Typical Floor Size | 1,449 SF |
| Year Built | 1995 |
| Lot Size | 0.11 AC |
AMENITIES
- Signage
- Storage Space
2 UNITS AVAILABLE
Unit 1484
| Unit Size | 720 SF | Sale Type | Investment |
| Price | $220,223 | Tenure | Long Leasehold |
| Price Per SF | $305.87 | Cap Rate | 6.67% |
| Condo Use | Retail | NOI | $14,688.89 |
| Unit Size | 720 SF |
| Price | $220,223 |
| Price Per SF | $305.87 |
| Condo Use | Retail |
| Sale Type | Investment |
| Tenure | Long Leasehold |
| Cap Rate | 6.67% |
| NOI | $14,688.89 |
SALE NOTES
The premises are let on a full repairing and insuring 5 year lease from July 2022 at a rent of £12,000 per annum to a local covenant. The landlords hold a 3 month rent deposit. Tenant's option to break at year 2.
£165,000 IS REQUIRED FOR A NEW 999 YEAR GROUND LEASE - 7.5% RETURN
RECOMMENDED
Unit 1488
| Unit Size | 729 SF | Sale Type | Investment |
| Price | $260,264 | Tenure | Long Leasehold |
| Price Per SF | $357.01 | Cap Rate | 6.67% |
| Condo Use | Office/Retail | NOI | $17,359.59 |
| Unit Size | 729 SF |
| Price | $260,264 |
| Price Per SF | $357.01 |
| Condo Use | Office/Retail |
| Sale Type | Investment |
| Tenure | Long Leasehold |
| Cap Rate | 6.67% |
| NOI | $17,359.59 |
SALE NOTES
The property comprises a ground floor retail shop located within the popular Highlands Shopping area which is let to Hidden Hearing Limited on a lease until 2027 producing a current rent of £11,600 per annum.
Hidden Hearing Limited was formed in 1986 and have traded from this location since June 2012. The company are currently re-branding and we understand that they will be carrying out a corporate re-fit this year.
£195,000 is required for a new ground lease for a term of 999 years at a ground rent of £100 per annum fixed.and with the benefit of the tenancy in place producing £11,500 per annum The freeholder insures the building..
NEARBY MAJOR RETAILERS
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1484-1488 London Rd
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