123-127 The Broadway - Storefront Retail/Residential FOR SALE


Southend On Sea, ESS SS1 3EX
$525,000 USD
123-127 The Broadway, Southend On Sea, ESS for Sale
$525,000 USD
Storefront Retail/Residential - FOR SALE
1/6
null | 6.67% Cap Rate

123-127 The Broadway
Southend On Sea, ESS SS1 3EX


HIGHLIGHTS

  • Prominent corner location
  • Highly visible with good passing traffic
  • Walking distance from Thorpe Bay train station

OVERVIEW

The property has undergone extensive refurbishment by the current tenant Medivet Group LTD including an extension to the rear. The Property is let on a 15 year lease expiring March 2039 at a passing rent of £35,000 Per Annum. There is a tenant break on the 10th Year and 5 Yearly upward only rent reviews. First rent review in line with CPI with cap and collar of 4% and 2% respectively. Second rent review is upward only to open market rent. Tenant works are to be disregarded.

FOR SALE DETAILS

PRICE

$525,000 USD

PRICE/SF

$266 USD /SF

CAP RATE

6.67%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1800

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,049 SF

ZONING

-

APN/PARCEL ID

EX84888

ASK ABOUT THIS PROPERTY

Darrell ClarkeAyers & CruiksMore Info

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Darrell ClarkeAyers & CruiksMore Info

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