Skip to main content
Popular
Total views:  500+

Property for sale

Victoria Avenue, Southend-on-Sea, Essex, SS2
Property
1,582 sq ft / 147 sq m
EPC rating: E
Added > 14 days

Features and description

  • Tenure: Freehold
  • Investment
  • Freehold
DESCRIPTION:
The freehold of the building comprising Grd & 1st Floor offices along with a vacant Café held together under a single lease of the commercial premises which will be included in the sale, plus eight upper floors containing 52 residential apartments which have been sold on long leases. To the rear of the building there is a moderately sized car park which is used by the residents and commercial occupiers.

The property is located on the west side of Victoria Avenue, a short distance from its junction with Victoria Circus and the London Road (A13) and close to Southend City Centre. Mainline train services are available at Southend Victoria (to London Liverpool Street) and Southend Central (London Fenchurch Street).

Rooms

Accommodation
We have not had an opportunity to undertake a full measured survey but understand that the commercial areas are arranged to provide the following Net Internal (NIA Areas): Grd Floor Café (Vacant) 829 sq ft 77 sq ms Offices (Let to NHS) 4,300 sq ft 399 sq ms Office (Vacant) 619 sq ft 57 sq ms Storage Area (Let to A Gordon) 516 sq ft 48 sq ms 1st Floor Offices (Let to Plaza BC) 5,688 sq ft 528 sq ms TOTAL 11,952 sq ft 1,110 sq ms

Occupancy Profile
• NHS Trust - 10 year lease from 6 March 2019. • Mr A Gordon - 5 year lease from October 2018. • Plaza Business Centre Ltd – 2 x 5 year leases from October 2021. • AP Wireless II (UK) Ltd – 50 year (rooftop) lease from July 2014. • 52 Self Contained Apartments with various leaseholders – 999 year leases from 1st January 2002.

Income
The occupied commercial parts are understood to currently produce a total rent of £134,950 pax. Once let, the vacant café and ground floor office will provide additional income. Grd rents of £100 per annum, per flat, are receivable with provision for this to be doubled every 25 years for first 99 years of the term

Energy Performance Certificate (EPC)
Available for inspection on request.

Terms
We are instructed to seek offers in the region of £1,100,000 (One Million, One Hundred Thousand Pounds) for the freehold interest in the property, plus VAT if applicable.

Property information from this agent

About this agent

Dedman Gray - Commercial
Dedman Gray - Commercial
103 The Broadway Thorpe Bay, Essex SS1 3HQ
01702 787829
Full profileProperty listings
Dedman Gray are situated in Southend on Sea, covering South East Essex. We are an independent property consultancy firm offering a wealth of experience in every aspect of Estate Agency including, Commercial Sales and Lettings, Business Sales, Property Auctioneers & Sales & Lettings for up market properties. Other services we are offer are commercial management, acquisitions, Landlord and Tenant advice, surveyors and the provision of associated professional services. Feel secure in the knowledge that our dedicated and well trained staff will always strive to act in the best interest of the client, achieving the best possible outcome.
... Show more

See more properties like this

*Disclaimer and call rate information...