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123-127 The Broadway

1,974 SF 100% Leased Retail Building Southend On Sea SS1 3EX $933,478 CAD ($473 CAD/SF) 6.67% Cap Rate

Retail Space Essex Southend On Sea 123-127 The Broadway, Southend On Sea, ESS SS1 3EX

Investment Highlights

  • Prominent corner location
  • Walking distance from Thorpe Bay train station
  • Highly visible with good passing traffic

Executive Summary

The property has undergone extensive refurbishment by the current tenant Medivet Group LTD including an extension to the rear. The Property is let on a 15 year lease expiring March 2039 at a passing rent of £35,000 Per Annum.
There is a tenant break on the 10th Year and 5 Yearly upward only rent reviews. First rent review in line with CPI with cap and collar of 4% and
2% respectively. Second rent review is upward only to open market rent. Tenant works are to be disregarded.

Attachments

123-127 The Broadway brochure

Property Facts

Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
1,974 SF
Building Class
B
Year Built
1800
Price
$933,478 CAD
Price Per SF
$473 CAD
Cap Rate
6.67%
NOI
$62,232 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
4 Stories
Building FAR
0.65
Land Acres
0.07 AC
Frontage
67 ft on The Broadway

Amenities

  • Bus Line
  • Signage
  • Energy Performance Rating - C

Links

1 of 1
+44 1702 608039

  • Listing ID: 33360464

  • Date on Market: 2024-10-01

  • Last Updated:

  • Address: 123-127 The Broadway, Southend On Sea SS1 3EX

The Retail Property at 123-127 The Broadway, Southend On Sea, SS1 3EX is currently available For Sale. Contact Ayers & Cruiks for more information.

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123-127 The Broadway, Southend On Sea for sale Building Photo- Image 1 of 7
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123-127 The Broadway, Southend On Sea for sale Interior Photo- Image 2 of 7
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123-127 The Broadway, Southend On Sea for sale Floor Plan- Image 6 of 7
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123-127 The Broadway
+44 1702 608039 x

123-127 The Broadway

Darrell Clarke

+44 1702 608039

+44 1702 608039

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