A mixed-use building in Southend is up for sale for more than £1 million.
Located at 45 Skyline Plaza on Victoria Avenue, the freehold property is being marketed for £1.1 million by Dedman Gray Property Consultants on Rightmove.
The building includes ground and first-floor offices, a vacant café, all held under a single lease and included in the sale.
Eight upper floors comprise 52 residential apartments, all sold on long leases.
To the rear of the property is a car park used by residents and commercial occupiers.
The listing describes the property as an "investment opportunity".
Situated on the west side of Victoria Avenue, the property is close to Victoria Circus, London Road (A13), and Southend city centre.
It is conveniently located near Southend Victoria and Southend Central train stations, with direct services to London Liverpool Street and London Fenchurch Street.
The occupied commercial areas currently generate a total rent of £134,950 per annum, excluding additional potential income from the vacant café and ground floor office.
Ground rents of £100 per annum per flat are also receivable, with provisions to double every 25 years during the first 99 years of the term.
The building is occupied by an NHS Trust under a 10-year lease from March 2019 and Plaza Business Centre Ltd under two five-year leases from October 2021.
To find out more, visit https://www.rightmove.co.uk/properties/94778505#/?channel=COM_BUY.
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