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:
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191-year lease
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Income Producing – Let to an established tenant operating a licensed coffee shop
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Spacious Premises – Approximately 1,870 sq.ft of well-presented commercial space
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Prominently situated on Victoria Avenue, Southend-on-Sea
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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. RX597534