TypeRetail Investments · Office Investments · Ground Rents · Shops · Leisure & Hotel Investments

SS2 Unit 3 Beaumont Court, 61-71 Victoria Avenue, Southend-on-Sea

TenureFor sale

Unit 3 Beaumont Court, 61-71 Victoria Avenue, Southend-on-Sea, SS21/6

Specification

Building size
Building size932sqft
Property type
Property typeRetail Investments · Office Investments · Ground Rents · Shops · Leisure & Hotel Investments
Tenure
TenureFor sale

Description

A virtual freehold investment opportunity to be let with an income of £15,000pa (10% yield on the asking price).

The property is let by way of a 'RICS Small Business Retail Lease' for a term of 7 years from the 11th August 2025, producing a rental income of £15,000pa + VAT.

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.

Producing Income Of £15,000PA

Yield 10% On Asking Price

Impressive Glazed Frontage

Ground Floor Of Beaumont Court

With 286 Apartments Above!¬¬VIRTUAL FREEHOLD INVESTMENT

Location

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.

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