Unit 1, Beaumont Court, 61-71 Victoria Avenue, Southend-on-Sea, SS2
£250.00 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
1,900 sq ft
177 sq m
- SECTOR
Commercial property for sale
Key features
- Virtual Freehold Investment
- Producing Income Of £36,000PA
- Yield 7.5% On Asking Price
- Approx, 1,900 Sq.Ft. Overall
- On Busy Victoria Avenue
- Highly Visible Corner Location
Description
A virtual freehold investment opportunity let with an income of £36,000pa (7.5% yield on asking price). Comprising a Licenced Coffee Shop in some 1,900 sq.ft. On the London bound side of Victoria Avenue, which has been the subject of considerable development with a number of the Office towers having been converted to quality apartments.
Property
All measurements are approximate, and were calculated on a gross internal basis: 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.
Features
Virtual Freehold Investment Producing Income Of £36,000PA Yield 7.5% On Asking Price Approx, 1,900 Sq.Ft. Overall On Busy Victoria Avenue Highly Visible Corner Location
Investment Content
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.
Tenure/Rent/ Service Charge
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 £266.67p per month plus VAT.
Business Rates
The most recent rating valuation shows an adopted value of £21,750, with Business Rates payable of approx. £10,875pa.
Viewing
All arrangements to view are via Gerard Biagioni of Dedman Gray Property Consultants on .
Brochures
Unit 1, Beaumont Court, 61-71 Victoria Avenue, Southend-on-Sea, SS2
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Southend Victoria Station0.3 miles
- Prittlewell Station0.5 miles
- Southend Central Station0.6 miles
Notes
Disclaimer - Property reference DBS250022. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Dedman Gray Property Consultants Limited, Thorpe Bay. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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