1100 London Road, Leigh-On-Sea, Essex, SS9
Size
807
Tenure
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EPC
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Parking
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- Primary use
- High street retail
- Frontage
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No floor / site plan
Key features
- Rental Income: £14,060 p.a.
- Gross Initial Yield: 8.03%
- Comprises ground floor shop t/a Barbers and self-contained flat above (sold-off)
- Let until October 2034. Rent review in 2029 linked to RPI.
Description
Gross Initial Yield: 8.03%
Rental Income: £14,060 p.a.
VAT is NOT applicable to this property
Let until October 2034. Rent review in 2029 linked to RPI.
Comprises ground floor shop t/a Barbers and self-contained flat above (sold-off)
Situated on A13/London Road which connects to the M25 Motorway and leads directly into central London (Canary Wharf and Aldgate)
Occupiers close by include Waitrose Superstore, JD Wetherspoon, Restaurant`s and more.
Property Description:
The property comprises ground floor shop t/a Barbers and residential flat above which has been sold-off. The property benefits form rear access and provides the following accommodation and dimensions:
Ground Floor: 75 sq m (807 sq ft)
Open plan retail, kitchen, storage, wc
First/Second Floor: Residential Flat (sold-off)
Tenancy:
The ground floor shop is at present let to The Modern Barber Ltd (with personal guarantee) for a term of 10 years from 30th October 2024 at a current rent of £14,000 per annum and the lease contains full repairing and insuring covenants. Rent review on 30.10.29 linked to RPI (1%-4% collar and cap). Tenant option to determine on 30.10.29 with min 6 months notice. Deposit held of £3,500.
The first/second floor flat has been sold-off to an Individual for a term of 199 Years from 1st September 1986 at a ground rent of £60 p.a. Fixed increase to £70 p.a. in 2046 and £100 p.a. in 2085 until the remainder of the term. Reversion 2185.
Location:
Leigh-on-Sea is a popular suburb of Southend-on-Sea, approximately 3 miles west of Southend-on-Sea town centre. The property is situated on A13/London Road which connects to the M25 Motorway and leads directly into central London (Canary Wharf and Aldgate). Southend Airport is approximately 10 min drive to the east of the property. Occupiers nearby include Waitrose Superstore, JD Wetherspoon, Cafe, Restaurant`s and more.
- Service charge
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- Business rates
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- Use class
- E
- Listed building
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An Energy Performance certificate helps you understand the current energy efficiency of a property.
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- BREEAM rating
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- Environmental description
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Brochure
1100 London Road, Leigh-On-Sea, Essex, SS9
About BLUE ALPINE PARTNERS LIMITED, London
Blue Alpine is a UK-wide property consultancy based in central London, focusing on commercial property, developments and residential blocks. Our services include disposals, acquisitions, lettings, auction advice, planning and architecture, dilapidations, and surrenders of leases.
Blue Alpine plans and delivers solutions that manage risk, optimise benefits, and expand the power of capital to protect and strengthen portfolios. By employing a transparent and consultative approach, we can assess and manage your current portfolio to devise a forward-looking investment plan and, if necessary, an exit strategy.
We are dedicated to disrupting the commercial property industry by delivering exceptional solutions that prioritise honesty, transparency, integrity, and providing an unparalleled client experience. Our team consists of knowledgeable professionals with a strong background in commercial property, enabling us to help clients around the world turn property into a path for growth.
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Disclaimer - Property reference 1100londonsale. 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 BLUE ALPINE PARTNERS LIMITED, London. 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.