Commercial Property

An exceptional opportunity to acquire a commercial investment, currently let and generating a strong rental income of £36,000 per annum, reflecting an attractive net yield of 8.5% based on the asking price.

Key Features:

191-year lease

Income Producing – Let to an established tenant operating a licensed coffee shop

Spacious Premises – Approximately 1,870 sq.ft of well-presented commercial space

Prominently situated on Victoria Avenue, Southend-on-Sea

Located within an area experiencing significant regeneration and investment, with high-quality residential apartments

The property enjoys excellent visibility and high footfall, making it a sought-after location for hospitality and retail businesses. The ongoing transformation of the surrounding area continues to enhance the long-term capital and rental growth prospects.

Tenure: 191 year Lease
Current Rent: £36,000 per annum received from Tenant
Yield: 8.5% (based on asking price)
Use Class: E (Commercial, Business & Service) – includes café/restaurant use

This is a rare chance to acquire a hands-off, income-generating asset in a rapidly developing part of town.

Contact us today for further details or to arrange a viewing.

Tenure

191 year Lease with a ground rent payable of £350 per annum. The tenant of the property has a 15 year lease from 22nd November 2023 at a rental of £36,000 plus VAT per annum exclusive. The lease is subject to 5 yearly rent reviews with the next one due November 2028.

Business Rates

The premises is subject to a rateable value of £21,750.

Legal Costs

Each party to be responsible for heir own legal cost incurred in the transaction.