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COMMERCIAL

High Street, Southend-On-Sea, Essex, SS1

£475,000
Chiddicks Homes, Southend-on-Sea
PROPERTY TYPE

Commercial Property

SIZE

Ask agent

Key features

  • Virtual Freehold  
  • Combined Rental Income £44,000pa
  • High Street Location  
  • Great Investment

Description

Offered to the market is this exceptional Virtual Freehold commercial investment, prominently positioned on the bustling Southend High Street in the vibrant City of Southend-on-Sea. The property comprises three individual commercial units, all of which are currently let, together generating an impressive gross rental income of £44,000 per annum, making this a prime opportunity for investors seeking steady returns.

The building enjoys excellent connectivity, being just a short stroll from mainline railway stations that provide swift links into London and beyond. Southend's famous seafront, with its lively atmosphere and leisure amenities, is also within easy reach, attracting high volumes of foot traffic to the area year-round.

Neighbouring businesses include well-known national retailers and popular names such as JD Sports, HMV, Costa Coffee, and NatWest Bank, underlining the strong commercial appeal and prosperous trading environment of this address.

This is a rare chance to acquire a secure and established investment in one of Southend's most sought after commercial locations. For further details or to arrange a viewing, please get in touch today.


Terms - The seller is seeking £475,000 plus VAT for this virtual freehold investment

Investment Lease Details - We have been advised of the following lease information and do have copies of said lease available upon request.

159 High Street - Lease commencing 3rd April 2021 with a term of 20 years.

161 High Street - Lease commencing 3rd April 2021 with a term of 20 years.

163 High Street - Lease commencing 3rd April 2021 with a term of 20 years.

Rent Reviews - Rent reviews are set every 3rd year, more details are available upon request.

Planning - Any interested parties are advised to rely on there own investigation as to the permitted use is in line with the current use.

Legal Fee's - Each party to bare their own legal fee's

CEPC - 159 High Street - D81

161 High Street - C53

163 High Street - C57

Additional Information
For further information on this property please call or e-mail

High Street, Southend-On-Sea, Essex, SS1

Approximate location
Open mapStreet View

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Southend Central Station0.1 miles
  • Southend Victoria Station0.2 miles
  • Prittlewell Station0.8 miles

About Chiddicks Homes, Southend-on-Sea

662-664 Southchurch Road Southend-On-Sea SS1 2PS
Industry affiliations:Industry affiliation logo 0

Chiddicks Homes is a unique combination of a traditional Estate Agent, with all the benefits of a local contact and a modern online estate agent, with massive cost savings and up to date technology. We have just opened a our new office in the heart of Southend, just off Southend high street, enjoying heavy footfall and passing traffic.

At Chiddicks Homes, we are confident in our expertise, so we concentrate on making sure that our service is friendly and personal. By combining the qualities of our property expertise with the most advanced marketing techniques, Chiddicks Homes understands that not every client is the same, so we will tailor make a package to suite you.

At Chiddicks Homes we know what it's like to just be another number on someone's target list, who tell you everything you want to hear and not deliver on their promises. We like to build a relationship with our clients, to fully understand your needs from the outset, so we can advise you on the best course of action to take. With many years' experience in the Southend and surrounding area you are in good hands.

Notes

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Disclaimer - Property reference Highstreetinvest. 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 Chiddicks Homes, Southend-on-Sea. 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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