Summary - 1484, LONDON ROAD SS9 2UR
1 bed 1 bath Retail Property (out of town)
**Standout Features:**
- **Freehold Retail Property** in a prime location on London Road, Leigh-on-Sea.
- **Current Income** of £25,049 per annum from four residential leaseholds and two commercial units.
- Commercial tenants include established businesses like Hidden Hearing Limited on a long-term lease until 2027.
- **Mixed-use Development** with potential for cash flow, given the diverse tenant mix (commercial and residential).
- **Garages** at the rear, generating additional monthly income.
- Ground leases on four residential flats with minimal ground rents, enhancing investment value.
**Potential Concerns:**
- Lease agreements include a tenant option to break at year 2, impacting income stability.
- The condition of the commercial units may require assessment for future renovations or optimizations.
Seize this opportunity to invest in a strategically located freehold property, combining retail and residential elements in an affluent area with a solid income stream. The premises are ideally situated within walking distance of essential amenities and excellent schooling options, making it attractive for families and business operators alike. The property's unique mix of commercial leases and long residential leases provides a diversified income portfolio, perfect for optimizing investment returns.
Though some commercial leases may present a potential risk in the form of break clauses, the overall income stability afforded by the occupying businesses is substantial. This property not only represents a secure investment but also offers future renovation potential, allowing you to tailor the space to market demands. Given the competitive London Road setting, this opportunity will likely not last long—act now to secure your foothold in this vibrant market!
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