61-71 Victoria Avenue, Southend-on-Sea, Essex, SS2
£214.59 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
932 sq ft
87 sq m
- SECTOR
Commercial property for sale
Key features
- Virtual Freehold Investment
- Producing Income Of £18,000PA
- Yield 9% On Asking Price
- Impressive Glazed Frontage
- Ground Floor Of Beaumont Court
- With 286 Apartments Above!
Description
A virtual freehold investment opportunity let with an income of £18,000pa (9% yield on asking price). In Approx. 932 sq.ft. and 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 measured on a gross internal basis. Ground floor 932 sq.ft. divided into the main salon, 3 treatment rooms, kitchen, store & WC.
Features
Virtual Freehold Investment Producing Income Of £18,000PA Yield 9% On Asking Price Impressive Glazed Frontage Ground Floor Of Beaumont Court With 286 Apartments Above!
Investment Content
The property is to be let by way of a lease for a term of 10 years, with a tenant break at the 5th year, and will produce a rental income of £18,000pa + VAT, subject to a reversion in the 5th year.
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 £148.57p per month plus VAT.
Business Rates
The most recent rating valuation shows an adopted value of £25,000, resulting in Business Rates payable of approx. £12,500pa.
VAT
The asking price is subject to VAT.
Legal Fees
Each party is to be responsible for their own legal fees.
Viewing
All arrangements to view are via Gerard Biagioni of Dedman Gray Property Consultants on .
Brochures
61-71 Victoria Avenue, Southend-on-Sea, Essex, 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 DBS250018. 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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