A freehold commercial business centre on Canvey Island, Essex, extending to approximately 18,838 sq ft, asking £2,300,000. The property comprises six newly created first-floor office suites, two of which are already let at £30 per sq ft (seller advised), generating current rental income of £272,691 per annum (yield circa 11.8%). Four newly completed suites remain available to let, with a fully-let income potential of circa £348,773 per annum (yield circa 15.2%), representing a potential income uplift of approximately £76,082.57 per annum. The centre also benefits from additional income via hot desk facilities and shows proven rental growth through recent lettings and lease renewals. The property is held within an SPV. Well located near Canvey Island Town Centre, local schools, healthcare, and transport links including Canvey Island Bus Station and Benfleet Railway Station.
A freehold commercial business centre on Canvey Island, Essex, extending to approximately 18,838 sq ft, asking £2,300,000. The property comprises six newly created first-floor office suites, two of which are already let at £30 per sq ft (seller advised), generating current rental income of £272,691 per annum (yield circa 11.8%). Four newly completed suites remain available to let, with a fully-let income potential of circa £348,773 per annum (yield circa 15.2%), representing a potential income uplift of approximately £76,082.57 per annum. The centre also benefits from additional income via hot desk facilities and shows proven rental growth through recent lettings and lease renewals. The property is held within an SPV. Well located near Canvey Island Town Centre, local schools, healthcare, and transport links including Canvey Island Bus Station and Benfleet Railway Station.
Secure Deal
Fee to Pay £22080$ 29,832 *$ 42,566 *$ 41,838 *€ 26.015 * (Inc VAT)
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