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170-172 Leigh Rd 2,384 SF Retail Building Leigh On Sea SS9 1BT $533,874 ($223.94/SF) 6.18% Cap Rate
INVESTMENT HIGHLIGHTS
- The property is located in popular trading location on the south side of Leigh Road
EXECUTIVE SUMMARY
A mixed retail / residential investment in Central Leigh on Sea.
170/172 Leigh Road
Let to Havens Hospices on the basis of a FRI lease for a term of 10 years from 20th August 2021 at a rent passing of £12,000 per annum exclusive . The tenants have an option to determine the lease in August 2026 , there is also a rent review in August 2026.
168 is let to Mr. David Burton Sampson as a constituency office on a FRI for a term of 5 years with effect from January 2025 at a rent of £12,500 per annum exclusive and with require
168a - the flat is held on a lease for 125 years at a rent of £200 per annum
PRODUCING £24,700 PER ANNUM
170/172 Leigh Road
Let to Havens Hospices on the basis of a FRI lease for a term of 10 years from 20th August 2021 at a rent passing of £12,000 per annum exclusive . The tenants have an option to determine the lease in August 2026 , there is also a rent review in August 2026.
168 is let to Mr. David Burton Sampson as a constituency office on a FRI for a term of 5 years with effect from January 2025 at a rent of £12,500 per annum exclusive and with require
168a - the flat is held on a lease for 125 years at a rent of £200 per annum
PRODUCING £24,700 PER ANNUM
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
2,384 SF
Year Built
2012
Price
$533,874
Price Per SF
$223.94
Cap Rate
6.18%
NOI
$32,967
Tenancy
Single
Building Height
3 Stories
Building FAR
0.35
Lot Size
0.15 AC
Frontage
44’ on Leigh Road
AMENITIES
- Commuter Rail
- Signage
- Storage Space
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NEARBY MAJOR RETAILERS
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170-172 Leigh Rd
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