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24 Southchurch Rd 1,501 SF 100% Leased Retail Building Southend On Sea SS1 2ND $734,665 CAD ($489.45 CAD/SF) 8.10% Cap Rate


INVESTMENT HIGHLIGHTS
- Investment
- Freehold
EXECUTIVE SUMMARY
A mixed investment opportunity comprising 2 shops, one let with an income of £20,000pa, the other at £12,000pa, with four 1 bedroom flats above producing a total ground rent of £1,360pa, & therefore a yield of 8.1% on the asking price.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
1,501 SF
Building Class
C
Year Built
1910
Price
$734,665 CAD
Price Per SF
$489.45 CAD
Cap Rate
8.10%
NOI
$59,517 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
0.78
Lot Size
0.04 AC
Frontage
33’ on Southchurch Road
AMENITIES
- Security System
- Signage
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NEARBY MAJOR RETAILERS
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MATTERPORT 3D EXTERIOR
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24 Southchurch Rd
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