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24-26 Southchurch Rd 1,501 SF 100% Leased Retail Building Southend-On-Sea SS1 2ND $525,385 ($350.02/SF) 8.10% Cap Rate
Investment Highlights
- Investment
- Freehold
Executive Summary
DESCRIPTION:
A mixed investment opportunity comprising 2 shops, one let with an income of £20,000pa, the other at £12,000pa, with four 1 bedroom flats above producing a total ground rent of £1,360pa, & therefore a yield of 8.5% on the asking price.
A mixed investment opportunity comprising 2 shops, one let with an income of £20,000pa, the other at £12,000pa, with four 1 bedroom flats above producing a total ground rent of £1,360pa, & therefore a yield of 8.5% on the asking price.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
1,501 SF
Building Class
C
Year Built
1910
Price
$525,385
Price Per SF
$350.02
Cap Rate
8.10%
NOI
$42,563
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
0.78
Lot Size
0.04 AC
Frontage
33’ on Southchurch Road
1 1
Nearby Major Retailers
1 of 3
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24-26 Southchurch Rd
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