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73 Victoria Av - Richmond House Plaza 838 - 2,200 SF Condo Units Offered at $221,837 - $571,398 Per Unit in Southend-On-Sea SS2 6FP
5 Units Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | Tenure | Freehold |
| Cap Rate | 8.50% |
| Sale Type | Investment |
| Cap Rate | 8.50% |
| Tenure | Freehold |
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.
| Sale Type | Investment or Owner User | Tenure | Freehold |
| Sale Status | Under Contract |
| Sale Type | Investment or Owner User |
| Sale Status | Under Contract |
| Tenure | Freehold |
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.
| Sale Type | Investment | Tenure | Freehold |
| Cap Rate | 9.00% |
| Sale Type | Investment |
| Cap Rate | 9.00% |
| Tenure | Freehold |
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.
| Sale Type | Investment or Owner User | Tenure | Freehold |
| Sale Status | Under Contract |
| Sale Type | Investment or Owner User |
| Sale Status | Under Contract |
| Tenure | Freehold |
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.
| Sale Type | Investment or Owner User | Tenure | Freehold |
| 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.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 1 | 1,900 SF | Retail | $571,398 ($300.74/SF) | $48,568.82 |
| Unit 2 | 2,200 SF | Retail | $531,064 ($241.39/SF) | - |
| Unit 3 | 932 SF | Retail | $268,893 ($288.51/SF) | $24,200.38 |
| Unit 7/8 | 1,230 SF | Office | $302,505 ($245.94/SF) | - |
| Unit 9 | 838 SF | Industrial | $221,837 ($264.72/SF) | - |
Unit 1
| Unit Size |
| 1,900 SF |
| Condo Use |
| Retail |
| Price |
| $571,398 ($300.74/SF) |
| NOI |
| $48,568.82 |
Unit 2
| Unit Size |
| 2,200 SF |
| Condo Use |
| Retail |
| Price |
| $531,064 ($241.39/SF) |
| NOI |
| - |
Unit 3
| Unit Size |
| 932 SF |
| Condo Use |
| Retail |
| Price |
| $268,893 ($288.51/SF) |
| NOI |
| $24,200.38 |
Unit 7/8
| Unit Size |
| 1,230 SF |
| Condo Use |
| Office |
| Price |
| $302,505 ($245.94/SF) |
| NOI |
| - |
Unit 9
| Unit Size |
| 838 SF |
| Condo Use |
| Industrial |
| Price |
| $221,837 ($264.72/SF) |
| NOI |
| - |
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Unit 1
| Unit Size | 1,900 SF |
| Condo Use | Retail |
| Price | $571,398 ($300.74/SF) |
| NOI | $48,568.82 |
| Sale Type | Investment |
| Cap Rate | 8.50% |
| Tenure | Freehold |
| 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.</li></ul> | |
| 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.</li></ul> |
1 of 1
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Unit 2
| Unit Size | 2,200 SF |
| Condo Use | Retail |
| Price | $531,064 ($241.39/SF) |
| NOI | - |
| Sale Type | Investment or Owner User |
| Sale Status | Under Contract |
| Tenure | Freehold |
| Description | |
| Fully equipped convenience store/ supermarket unit extending to 2,200 sq ft in total.</li></ul> | |
| 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.</li></ul> |
1 of 1
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Unit 3
| Unit Size | 932 SF |
| Condo Use | Retail |
| Price | $268,893 ($288.51/SF) |
| NOI | $24,200.38 |
| Sale Type | Investment |
| Cap Rate | 9.00% |
| Tenure | Freehold |
| Description | |
| Ground floor retail space extending to 932 sq.ft. The unit is divided into the main salon, 3 treatment rooms, kitchen, store & WC.</li></ul> | |
| 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.</li></ul> |
1 of 2
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Unit 7/8
| Unit Size | 1,230 SF |
| Condo Use | Office |
| Price | $302,505 ($245.94/SF) |
| NOI | - |
| Sale Type | Investment or Owner User |
| Sale Status | Under Contract |
| Tenure | Freehold |
| Description | |
| Office unit on the ground floor of Richmond House, featuring storage space and extending to 1,230 sq ft in total.</li></ul> | |
| 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.</li></ul> |
1 of 2
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Unit 9
| Unit Size | 838 SF |
| Condo Use | Industrial |
| Price | $221,837 ($264.72/SF) |
| NOI | - |
| 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.</li></ul> | |
| 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.</li></ul> |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| 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
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73 Victoria Av - Richmond House Plaza
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