Freehold Investment Opportunity - South Benfleet, Essex
Available for Sale
An excellent opportunity to acquire a freehold mixed-use investment property situated in South Benfleet, within easy reach of Benfleet Station (C2C service to Southend and Fenchurch Street).
The property comprises a well equipped restaurant with flat above and hairdressers, both let to established tenants, producing a combined rental income of £48,672 per annum. The investment is VAT-free.
9-15 High Street - Restaurant (Marble Restaurant)
Let to Marble, established restaurant trading 7 days a week.
Includes a two-bedroom flat on the first floor.
Lease start: March 2022
Lease expiry: March 2037 (no breaks)
Lease type: Full Repairing & Insuring (FRI)
Rent reviews: Every 5 years, RPI-linked
Approx. floor area: 2,565 sq ft (238 sq m)
17 High Street - Retail Unit (Headmasters Gents Hair Stylist)
Let to Headmasters Gents Hair Stylist, a long-established local business trading from the premises for over 30 years.
Lease start: April 2022
Lease expiry: April 2027 (no breaks)
Lease type: Full Repairing & Insuring (FRI)
Approx. floor area: 484 sq ft (45 sq m)
Tenancy Summary
Marble Mediterranean Restaurant (inc. 2-bed flat) start date Mar 2022 to Mar 2037 FRI - RPI-linked every 5 years - Established 7-day operation
Headmasters Gents Hair Stylist start date - Apr 2022 to Apr 2027 FRI - In occupation for 30+ years
Combined Rental Income: £48,672 per annum
VAT: Not appl
