Log In/Sign Up
Your email has been sent.
296-298 London Rd 2,025 SF 100% Leased Retail Building Westcliff On Sea SS0 7JJ $510,892 ($252.29/SF) 6% Cap Rate
Investment Highlights
- Retail (A1)
- 2427 Approx Sq Ft
Executive Summary
A freehold, double fronted, retail outlet situated on the south side of the popular London Road (A13) Westcliff. Short stay roadside parking bays are available outside the premises. The freehold consists of 2 flats above sold off on leases.
The ground floor retail unit is currently occupied on a 20 year lease producing £18,750. Plus VAT per annum. We have been informed that ground rents have not been collected in recent years for 296a & 298a London Road. 298a has 62 years remaining on their lease.
The ground floor retail unit is currently occupied on a 20 year lease producing £18,750. Plus VAT per annum. We have been informed that ground rents have not been collected in recent years for 296a & 298a London Road. 298a has 62 years remaining on their lease.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
2,025 SF
Building Class
C
Year Built
1930
Price
$510,892
Price Per SF
$252.29
Cap Rate
6%
NOI
$30,654
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.90
Lot Size
0.05 AC
Frontage
36’ on London Rd
Amenities
- Bus Line
- Courtyard
- Signage
- Storage Space
1 1
Nearby Major Retailers
1 of 18
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
296-298 London Rd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.