Romar House, 12 Faraday Road, Leigh-On-Sea, Essex SS9 5JU

Description

Freehold vacant detached factory and offices of over 14,000 sq. ft. Industrial premises situated in the popular Progress Road Estate just of the A127 at Leigh on Sea. The property requires some improvement but is offered at a very competitive Guide Price! The building offers clear production space, offices, storage areas loading bay, secure yard and parking for some 6-7 cars. Good access is provided from the front and side of the building served by a 5 Ton gantry crane.

Location

Romar House, 12 Faraday Road, Leigh-On-Sea, Essex SS9 5JU. Located in the SS9 postcode district. Verify exact position, access, local demand and comparable evidence before bidding.

Investment Analysis

Investment Snapshot

Strategy Recommendation

Initial strategy: Commercial / Mixed-Use Investment. Set the maximum bid only after reviewing condition, legal pack, finance, rents and sold evidence.

Works Required

Obtain a survey and contractor quotations. Allow for services, compliance, decoration and any structural, roofing, damp, kitchen, bathroom, external or development works identified.

Rental & Market Context

HB rental/value figures are indicative appraisal estimates and should be checked against current local letting and sold evidence.

Sold within approximately 5 miles

Check recent Land Registry transactions and closely matched local comparables for property type, size, tenure and condition.

Potential BRRR Position

Refinance potential depends on the completed condition, lender valuation, tenure and rental stress testing; development/commercial assets require specialist lender criteria.

Flip Analysis

Any resale margin must include SDLT, auction/legal fees, finance, holding costs, professional fees, contingency, selling costs and tax.

Investor Risks & Due Diligence

• Read the full legal pack and special conditions

• Verify tenure, occupancy, planning and title restrictions

• Inspect condition and obtain contractor quotations

• Confirm finance and insurance availability

• Verify rents and recent sold comparables

• Allow for buyer premium, administration charges and disbursements

Recommendation

Proceed only where verified total project cost supports the intended commercial / mixed-use investment strategy with adequate contingency.

Strategy Rating

Buy-to-Let: ★★★★☆ | BRRR: ★★★★☆ | Flip: ★★★☆☆