Summary - 1303 LONDON ROAD LEIGH-ON-SEA SS9 2AD
3 bed 1 bath Mixed Use
Fully tenanted building with immediate uplift potential from commercial ERV.
Freehold mixed-use: takeaway plus three self-contained flats
A substantial freehold mixed-use building on London Road, Leigh-on-Sea, offering a ground-floor takeaway and three self-contained flats above. The location benefits from strong footfall, nearby supermarkets (Waitrose, Sainsbury’s) and good transport links, making the retail unit attractive to local operators and the flats straightforward to let. The property is new-build and presents modern finishes throughout, with clear storefront visibility and independent access to the upper residential units.
Current passing rent totals £40,500 pa with a realistic estimated rental value (ERV) of around £48,300 pa — indicating immediate income uplift potential. The takeaway is currently holding over at £7,200 pa while ERV is estimated at £13k–£15k; increasing that tenancy or re‑letting to full ERV would materially raise yield. The three flats are let on ASTs and produce steady rental income, each one-bedroom in a location popular with commuters and local workers.
Investment highlights include freehold tenure, a large overall floor area (approx. 2,540 sq ft), low local crime, fast broadband and strong local demographics (affluent communities). However, there are important considerations: the commercial unit is holding over at a below-ERV rent, so income is currently under-market; plot size is small with limited external space; the building relies on rental income so value is sensitive to voids and tenant turnover. Prospective buyers should review tenancy agreements, service arrangements, and plans (available on request) before offer.
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