Property photos
Freehold
Offers over
£12,218,000
(£250.43/sq. ft)
Property for sale
77 Eastwoodbury Crescent, Southend-On-Sea SS248,787 sq. ft
Local area information
Property location
Nearby amenities
- Southend Airport 0.3 miles
- Prince Avenue Academy and Nursery 0.4 miles
- Earls Hall Primary School 0.7 miles
- Rochford 1.1 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
- Freehold
- The airport hotel has 129 beds, roof top bar and restaurant with airport runway views
- Situated 5 minutes walk from the terminal
- Let to Thames Gateway Airport Limited for a long unexpired term of over 17 years
- Current passing rent of £912,750 per annum (£7,075 per room). The next review is due on 27 February 2028.
- 5 yearly (compounded annually) rpi linked upwards only rent reviews (collared at 1% and 4%)
- Excellent esg credentials with an EPC rating of A22
- Site area of circa 1.12 acres (0.45 hectares)
- Freehold
- We are seeking offers in excess of £12,218,000 (Twelve Million, Two Hundred and Eighteen Thousand Pounds) subject to contract and exclusive of VAT. A purchase at this level would reflect a Net Initial Yield of 7.00% assuming purchaser’s costs of 6.7% and a capital value per bed of only £94,713 (based on 129 beds).
Description
The ground floor comprises a reception and lobby area, function area with dedicated bar facilities and capable of being divided into three meeting rooms, together with back of house areas, offices and staff areas.
The first to fourth floors are served by two lifts and comprise 78 standard doubles, 30 executive doubles, 17 twin rooms and 4 superior/junior suites.
All rooms are fitted to a modern standard with ensuite bathrooms, LED lighting and are air conditioned. A small fitness centre is provided on the first floor.
The fifth floor provides a 75-cover restaurant with private dining facilities, kitchens, the main hotel bar and a small external terrace with views over the runway of Southend Airport.
Externally the property benefits from car parking providing 66 spaces, including 6 disabled bays.
Location
London Southend Airport lies 1.5 miles (2.5 km) to the north of Southend-on-Sea in Essex in the south east of England.
It is located approximately 41 miles (66 km) east of central London and is accessed via the M25 Motorway with junctions 29 and 30 connecting to the A127 and A13 for the airport.
The A127 provides access to London and the M25 in the west and Southend-on-Sea to the south. The M25 connects Greater London with the wider motorway network.
The property is a 5 minute walk from the Airport terminal and less than a 10-minute walk from Southend Airport station which provides access to London Liverpool Street station in 50 minutes.
The ground floor comprises a reception and lobby area, function area with dedicated bar facilities and capable of being divided into three meeting rooms, together with back of house areas, offices and staff areas.
The first to fourth floors are served by two lifts and comprise 78 standard doubles, 30 executive doubles, 17 twin rooms and 4 superior/junior suites.
All rooms are fitted to a modern standard with ensuite bathrooms, LED lighting and are air conditioned. A small fitness centre is provided on the first floor.
The fifth floor provides a 75-cover restaurant with private dining facilities, kitchens, the main hotel bar and a small external terrace with views over the runway of Southend Airport.
Externally the property benefits from car parking providing 66 spaces, including 6 disabled bays.
Location
London Southend Airport lies 1.5 miles (2.5 km) to the north of Southend-on-Sea in Essex in the south east of England.
It is located approximately 41 miles (66 km) east of central London and is accessed via the M25 Motorway with junctions 29 and 30 connecting to the A127 and A13 for the airport.
The A127 provides access to London and the M25 in the west and Southend-on-Sea to the south. The M25 connects Greater London with the wider motorway network.
The property is a 5 minute walk from the Airport terminal and less than a 10-minute walk from Southend Airport station which provides access to London Liverpool Street station in 50 minutes.
More information
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