£200,000

Light industrial for sale

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£200,000

(£214.59/sq. ft)

Light industrial for sale

61-71 Victoria Avenue, Southend-On-Sea, Essex SS2

932 sq. ft

Local area information

Property location

Nearby amenities

  • St Mary's, Prittlewell, CofE Primary School 0.2 miles
  • St Helen's Catholic Primary School 0.3 miles
  • Southend Victoria 0.3 miles
  • Prittlewell 0.4 miles

These distances are calculated in a straight line. The actual route and distance may vary.

Read our area guides for Southend-On-Sea and Westcliff-On-Sea to find out more about the local area.

Features and description

  • Investment
  • 932 Approx Sq Ft
Description:
A virtual freehold investment opportunity to be let with an income of £15,000pa (7.5% yield on the asking price). In Approx. 932 sq.ft. And 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.

Property

All measurements are approximate, and were measured on a gross internal basis. Ground floor 932 sq.ft. Divided into the main salon, 3 treatment rooms, kitchen, store & WC.

Features

Virtual Freehold Investment
Producing Income Of £15,000PA
Yield 7.5% On Asking Price
Impressive Glazed Frontage
Ground Floor Of Beaumont Court
With 286 Apartments Above!

Investment Content

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.

Tenure/Rent/Service Charge

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.

Business Rates

The most recent rating valuation shows an adopted value of £25,000, resulting in Business Rates payable of approx. £12,500pa.

VAT

The asking price is subject to VAT.

Legal Fees

Each party is to be responsible for their own legal fees.

Viewing

All arrangements to view are via Gerard Biagioni of Dedman Gray Property Consultants on .

More information

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Property descriptions and related information displayed on this page are marketing materials provided by - Dedman Gray Property Consultants Ltd. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Dedman Gray Property Consultants Ltd for full details and further information.

  1. Zoopla
  2. Commercial for sale
  3. Essex
  4. Southend-on-Sea
  5. Victoria Avenue