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73 Victoria Av - Richmond House Plaza 838 - 2,200 SF Condo Units Offered at $225,641 - $581,197 Per Unit in Southend-On-Sea SS2 6FP
PROPERTY FACTS
| Total Building Size | 350,000 SF | Typical Floor Size | 14,329 SF |
| Property Type | Multifamily | Year Built | 2018 |
| Property Subtype | Apartment | Lot Size | 2.38 AC |
| Building Class | B | Parking Ratio | 0.29/1,000 SF |
| Floors | 11 |
| Total Building Size | 350,000 SF |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | B |
| Floors | 11 |
| Typical Floor Size | 14,329 SF |
| Year Built | 2018 |
| Lot Size | 2.38 AC |
| Parking Ratio | 0.29/1,000 SF |
AMENITIES
SITE AMENITIES
- 24 Hour Access
- On-Site Retail
- Elevator
5 UNITS AVAILABLE
Unit 1
| Unit Size | 1,900 SF | Sale Type | Investment |
| Price | $581,197 | Tenure | Freehold |
| Price Per SF | $305.89 | Cap Rate | 8.50% |
| Condo Use | Retail | NOI | $49,401.71 |
| Unit Size | 1,900 SF |
| Price | $581,197 |
| Price Per SF | $305.89 |
| Condo Use | Retail |
| Sale Type | Investment |
| Tenure | Freehold |
| Cap Rate | 8.50% |
| NOI | $49,401.71 |
DESCRIPTION
In a total of approx. 1,900 sq ft with an open plan seating area, together with a commercial fully equipped kitchen and ladies/gents toilets. In addition, al-fresco area licenced for up to 30 seated customers.
SALE NOTES
The property is let by way of a lease for a term of 15 years from 22nd November 2023, producing a rental income of £36,000pa + VAT, subject to a reversion in November 2028.
Interior
Unit 2
| Unit Size | 2,200 SF | Sale Type | Investment or Owner User |
| Price | $540,171 | Tenure | Freehold |
| Price Per SF | $245.53 | Sale Status | Under Contract |
| Condo Use | Retail |
| Unit Size | 2,200 SF |
| Price | $540,171 |
| Price Per SF | $245.53 |
| Condo Use | Retail |
| Sale Type | Investment or Owner User |
| Tenure | Freehold |
| Sale Status | Under Contract |
DESCRIPTION
Fully equipped convenience store/ supermarket unit extending to 2,200 sq ft in total.
SALE NOTES
The property is available by way of a lease for a term of 191 years (virtual freehold) with a ground rent payable of £350pa. The service charge estimate for the current year is £338.92p per month plus VAT.
Interior
Unit 3
| Unit Size | 932 SF | Sale Type | Investment |
| Price | $273,504 | Tenure | Freehold |
| Price Per SF | $293.46 | Cap Rate | 9.00% |
| Condo Use | Retail | NOI | $24,615.39 |
| Unit Size | 932 SF |
| Price | $273,504 |
| Price Per SF | $293.46 |
| Condo Use | Retail |
| Sale Type | Investment |
| Tenure | Freehold |
| Cap Rate | 9.00% |
| NOI | $24,615.39 |
DESCRIPTION
Ground floor retail space extending to 932 sq.ft. The unit is divided into the main salon, 3 treatment rooms, kitchen, store & WC.
SALE NOTES
The property is available by way of a lease for a term of 191 years (virtual freehold) with a ground rent payable of £350pa. The service charge estimate for the current year is £148.57p per month plus VAT.
Interior
Unit 7/8
| Unit Size | 1,230 SF | Sale Type | Investment or Owner User |
| Price | $307,692 | Tenure | Freehold |
| Price Per SF | $250.16 | Sale Status | Under Contract |
| Condo Use | Office |
| Unit Size | 1,230 SF |
| Price | $307,692 |
| Price Per SF | $250.16 |
| Condo Use | Office |
| Sale Type | Investment or Owner User |
| Tenure | Freehold |
| Sale Status | Under Contract |
DESCRIPTION
Office unit on the ground floor of Richmond House, featuring storage space and extending to 1,230 sq ft in total.
SALE NOTES
The property is available by way of a lease for a term of 191 years (virtual freehold) with a ground rent payable of £350pa. The service charge estimate for the current year is £689.15p per month plus VAT.
Interior
Interior
Unit 9
| Unit Size | 838 SF | Condo Use | Industrial |
| Price | $225,641 | Sale Type | Investment or Owner User |
| Price Per SF | $269.26 | Tenure | Freehold |
| Unit Size | 838 SF |
| Price | $225,641 |
| Price Per SF | $269.26 |
| Condo Use | Industrial |
| Sale Type | Investment or Owner User |
| Tenure | Freehold |
DESCRIPTION
Divided into 2 spaces, separated a partition wall, totalling 838 sq ft with 3.5m head height. Parking for 1 vehicle.
SALE NOTES
The property is available by way of a lease for a term of 191 years (virtual freehold) with a ground rent payable of £350pa. The service charge estimate for the current year is £326.90p per month plus VAT.
Interior
Interior
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73 Victoria Av - Richmond House Plaza
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