Offers in region of
£550,000
(£275.28/sq. ft)
Retail premises for sale63 & 63A Broadway, Leigh-On-Sea SS9
1,998 sq. ft
EPC Rating: D
Freehold
About this property
Mixed-use investment opportunity
Self-contained residential flat
Currently producing £40,200 per annum
Offers in the region of £550,000
Description
This property comprises of a ground floor retail unit with a self-contained flat at first floor level with rear entrance. The retail unit is currently let to Subway featuring a front seating area, a rear room and a two storey store. The flat comprises of an entrance hall, shower room, utility room, kitchen, bedroom and lounge with access being provided via a staircase at the rear. The flat also benefits from vehicular access to the rear.
Location
The property occupies a prominent position on Leigh Broadway benefitting from strong pedestrian footfall and excellent visibility It is surrounded by a mix of national and independent retailers, cafés and restaurants. Leigh-On-Sea train station is within easy walking distance, providing regular services to London Fenchurch Street, while the A13 and A127 offer convenient road links across South Essex.
Viewings
Strictly by prior appointment via the landlords appointed agents Ayers & Cruiks.
Terms
The ground floor shop is currently let to Subway Reality Limited on a 15 year lease from the 21st October 2013, with five-yearly rent reviews. Following the last 2023 review, the passing rent is £28,500 per annum. Subway Reality Limited currently have a CreditSafe score of 93A and a credit limit of £1,350,000.
The first floor flat is let on an Assured Shorthold Tenancy now Periodic Tenancy from 28th September 2024 for an original term of 12 months but the tenant is holding over. The current passing rent is £975 per calendar month.
Price
Offers in the region of £550,000
This property comprises of a ground floor retail unit with a self-contained flat at first floor level with rear entrance. The retail unit is currently let to Subway featuring a front seating area, a rear room and a two storey store. The flat comprises of an entrance hall, shower room, utility room, kitchen, bedroom and lounge with access being provided via a staircase at the rear. The flat also benefits from vehicular access to the rear.
Location
The property occupies a prominent position on Leigh Broadway benefitting from strong pedestrian footfall and excellent visibility It is surrounded by a mix of national and independent retailers, cafés and restaurants. Leigh-On-Sea train station is within easy walking distance, providing regular services to London Fenchurch Street, while the A13 and A127 offer convenient road links across South Essex.
Viewings
Strictly by prior appointment via the landlords appointed agents Ayers & Cruiks.
Terms
The ground floor shop is currently let to Subway Reality Limited on a 15 year lease from the 21st October 2013, with five-yearly rent reviews. Following the last 2023 review, the passing rent is £28,500 per annum. Subway Reality Limited currently have a CreditSafe score of 93A and a credit limit of £1,350,000.
The first floor flat is let on an Assured Shorthold Tenancy now Periodic Tenancy from 28th September 2024 for an original term of 12 months but the tenant is holding over. The current passing rent is £975 per calendar month.
Price
Offers in the region of £550,000
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Monthly repayment
£2,751 per month
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