801-809 Southchurch Road, Southend-on-Sea, Essex

Description

Located along the popular Southchurch Road, this large ground floor commercial unit is let to Boots Chemist. Above are three separate flats which are being sold with the commercial unit. The flats are let on assured shorthold tenancies. Local letting agents advise that the rents could be increased.

Accommodation

Ground floor commercial unit approximately 3,067 ft² (285 m²), consisting of: triple width shop front; store room 11'4 x 12'; two separate WCs; consultant room 11' x 5'3; store room two 21'2 x 15'; locker area 6'2 x 4'6; kitchen 10' x 7'3 with fire exit door; rest room 10'3 x 9'6; store room three 11'6 x 4'3. Three separate flats above.

Location

Located along Southchurch Road, Southend-on-Sea, Essex.

Tenure / Property Information

Investment Analysis

The £775,000 guide is not independently supportable from the supplied evidence. No current rents, lease terms, passing income, commercial rent, service costs, or relevant completed comparables are provided. The single comparable is a 1998 flat sale and is not directly applicable. Fees are also unspecified.

Investment Snapshot

Strategy Recommendation

Proceed only after reviewing the legal pack, tenancy terms and verified income. Do not rely on the guide as value without full investment underwriting.

Works Required

No refurbishment works are evidenced. Verify condition, compliance, tenancy documentation and any required works through inspection and the legal pack.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR assessment is unsupported without verified passing rents, operating costs, refurbishment costs and an evidence-based GDV. Refinancing assumptions cannot be calculated.

Buy-to-Let Analysis

BTL returns cannot be calculated because the three flats' rents and the Boots rent are not supplied. The stated potential for rent increases is unquantified. The separate three-bedroom rental advert is not sufficiently linked to these flats to use as evidence.

Flip Analysis

A flip analysis cannot be supported because no GDV, refurbishment allowance, selling costs or relevant completed comparables are provided. The property is currently let, including to Boots Chemist.

Investor Risks & Due Diligence

• Boots Chemist lease terms, rent and covenant information are not supplied.

• Individual flat rents and tenancy details are not supplied.

• The guide is stated to be plus fees, but buyer and administration charges are unspecified.

• The supplied comparable is an old flat sale and is not directly relevant to this mixed-use investment.

• Potential rent increases are asserted but not quantified or evidenced.

Recommendation

Proceed only after reviewing the legal pack, tenancy terms and verified income. Do not rely on the guide as value without full investment underwriting.

Strategy Rating

Analysis Confidence

Property description and tenure are supplied, but income, lease, fee, condition, valuation and cost evidence is materially incomplete.