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London Road, Westcliff
London Road, Westcliff-on-sea, SS0 7JJ
£375,000
London Road, Westcliff-on-sea, SS0 7JJ
£375,000
Our Summary
- The total ground floor space provides substantial room for retail operations or other commercial uses, subject to planning
- Of particular note, Flat 298a has 63 years remaining on its lease, which may offer potential for a lease extension or renegotiation in the future
- Investment opportunity
Description
This freehold retail opportunity is situated on the busy London Road in Westcliff, with short-stay parking bays directly outside the premises. The ground floor retail space measures approximately 1,951 square feet, with an additional rear store area of 476 square feet, providing substantial room for retail operations or other commercial uses. The unit is currently let to a tenant on a 20-year lease, producing an annual rental income of £18,750 plus VAT. The property features three-phase power, a long-term tenant in occupation, and excellent transport links due to its prominent location on a major road. The freehold interest is being offered for sale at an asking price of £375,000 plus VAT, and includes two flats above the retail unit, which have been sold off on long leases.