£150,000
(£160.94/sq. ft)
Retail premises for saleUnit 3, Beaumont Court, 61-71 Victoria Avenue, Southend-On-Sea SS2
932 sq. ft
Freehold
About this property
Virtual Freehold Investment
Producing Income Of £15,000PA
Yield 10% On Asking Price
Impressive Glazed Frontage
Ground Floor Of Beaumont Court
With 286 Apartments Above!
Description
A virtual freehold investment opportunity to be let with an income of £15,000pa (10% 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.
Viewings
All arrangements to view are via Gerard Biagioni of Dedman Gray Property Consultants on .
Income
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
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.
A virtual freehold investment opportunity to be let with an income of £15,000pa (10% 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.
Viewings
All arrangements to view are via Gerard Biagioni of Dedman Gray Property Consultants on .
Income
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
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.
Mortgage calculator
Monthly repayment
£750 per month
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