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Skyline Plaza 45 Victoria Ave 11,952 SF 100% Leased Office Building Southend On Sea SS2 6BA $1,487,331 ($124.44/SF) 12.27% Cap Rate
Investment Highlights
- Investment
- Freehold
Executive Summary
The freehold of the building comprising Grd & 1st Floor offices along with a vacant Café held together under a single lease of the commercial premises which will be included in the sale, plus eight upper floors containing 52 residential apartments which have been sold on long leases. To the rear of the building there is a moderately sized car park which is used by the residents and commercial occupiers.
The property is located on the west side of Victoria Avenue, a short distance from its junction with Victoria Circus and the London Road (A13) and close to Southend City Centre. Mainline train services are available at Southend Victoria (to London Liverpool Street) and Southend Central (London Fenchurch Street).
The property is located on the west side of Victoria Avenue, a short distance from its junction with Victoria Circus and the London Road (A13) and close to Southend City Centre. Mainline train services are available at Southend Victoria (to London Liverpool Street) and Southend Central (London Fenchurch Street).
Property Facts
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Building Size
11,952 SF
Building Class
B
Year Built
1970
Price
$1,487,331
Price Per SF
$124.44
Cap Rate
12.27%
NOI
$182,468
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
5,976 SF
Building FAR
0.32
Lot Size
0.85 AC
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Skyline Plaza | 45 Victoria Ave
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