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Commercial & Residential Investment Portfolio Ltd Co In Leigh On Sea For Sale

Leigh On Sea, Essex, UK
Asking Price:
£1,150,000
Turnover:
£50K - £100K
Net Profit:
Available on request

Commercial & property investment portfolio – Ltd co. Sale consisting of 5 x shops 2 x flats and 1 x warehouse/storage unit spreading across the southeast Essex region and occupying prime locations such as Broadway - Leigh on Sea, high street – Canvey island, high street – Wickford, and London Road – Hadleigh producing a rental income of £75,430 per annum.

The portfolio includes a blue-chip company & local authority amongst the tenants providing further security for any proposed purchaser. We feel there is huge scope to increase the revenues with backdated rent reviews along with some lease renewals in 2025. A refurbishment of the residential properties would certainly maximise rental incomes as they are currently below market values.

Serious interested parties only are advised to complete the form below.

Property Information

Property:

Freehold

Location:

The properties are located in main trading positions in towns across the southeast Essex region that include, Leigh on Sea, Canvey Island, Wickford and Hadleigh and would be considered highly desirable if they were on the open market to let.

Premises Details:

The premises:

shop - broadway, leigh-on-sea, ss9 – shop currently let at £13,450 per annum exclusive and held on a 12-year lease expiring in 2025. Possible development/conversion opportunity.

Shop - high street, canvey island, ss8 - shop currently let at £10,000 per annum exclusive and held on a 10-year lease expiring in 2025.

Shop & flat - high street, wickford, ss12 – shop currently let at £16,000 per annum exclusive and held on a 7-year lease expiring in 2030.

Flat currently let at £7,200 per annum and held on and extension of an ast from 2016 that expires in august 2024.

2 x shops & flat – London road, hadleigh, ss9 – shop 1 currently let at £6,600 per annum exclusive and held on a 3-year lease expiring in 2026.

Shop 2 currently let at £9,400 per annum exclusive and held on a 7-year lease expiring in 2030.

Flat currently let at £7,200 per annum and held on and extension of an ast from 2016 that expires in august 2024.

Warehouse/storage unit – London road, hadleigh, ss9 - currently let at £4,680 per annum exclusive and held on a 7-year lease expiring in 2027.

Business Operation

Reasons for selling:

Retirement