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London Road Retail Park, Southend-On-Sea, SS1 1PA
not specified / Retail
Withdrawn - Last updated: 05 October 2020
Prominent and accessible edge of town centre retail park, located on the A13 London Road opposite a Sainsburys foodstore.- The retail park is let to Homebase, Currys and Pets At Home with an average unexpired term of 10.9 years.- The tenancies produce a current rental income of 1,177,322 per annum representing a low average rent of 15.77 per ft2.- The property comprises 6,963.40 m2 (74,954 ft2) of open A1 non-food retail floorspace.- Our client is seeking offers of 16,500,000 (Sixteen Million Five Hundred Thousand Pounds), subject to contract for the freehold interestof the property.A purchase at this level would reflect a net initial yield of 6.74% afterallowing for purchasers costs of 5.80%.
Location
London Road Retail Park, Southend-On-Sea, SS1 1PA, Essex, South East
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