185 / 187 High Street Southend Essex SS1 1LL

185 / 187 High Street
Southend
Essex
SS1 1LL

Freehold Retail Investment

  • Entirely let to Holland & Barrett Retail Limited until 2022
  • Well located on pedestrianised High Street close to Victoria Shopping Centre
  • Nearby occupiers include WH Smith, HMV, JD Sports, McDonald’s, Metro Bank, Topshop/Topman, Superdrug and Costa
  • Between Southend Victoria and Southend Central Rail Stations
  • Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot
    22
  • Auction
    10th December 2015
  • Rent
    £95,000 per Annum Exclusive
  • Status
    Sold
  • Price
    £1,160,000
  • Sector
    High Street Retail
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On Behalf of Metfriendly
  • Expand
  • Photos
  • Map

* More information on the term "guide" can be found here

Freehold Retail Investment

  • Entirely let to Holland & Barrett Retail Limited until 2022
  • Well located on pedestrianised High Street close to Victoria Shopping Centre
  • Nearby occupiers include WH Smith, HMV, JD Sports, McDonald’s, Metro Bank, Topshop/Topman, Superdrug and Costa
  • Between Southend Victoria and Southend Central Rail Stations
  • Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot 22
  • Auction 10th December 2015
  • Rent
  • Status Sold
  • Price £1,160,000
  • Sector
    High Street Retail
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On Behalf of Metfriendly

Property Information

Location
Miles
20 miles south-east of Chelmsford, 41 miles south-west of Colchester, 43 miles east of London
Roads
A13, A127, A130, M25 (Junction 29)
Rail
Southend Central and Southend Victoria Railway Stations
Air
Southend Airport
Situation

The property is situated in the heart of Southend’s busy central shopping area in a prominent position on the western side of the pedestrianised High Street, close to its junction with Queens Road and Southchurch Road. Nearby occupiers include WH Smith, HMV, JD Sports, McDonald’s, Topshop/Topman, Superdrug, Clintons, Burger King and Costa. The property is also close to The Victoria Shopping Centre which houses retailers including Next, Boots the Chemist, New Look, Argos, Starbucks and Metro Bank.

Tenure

Freehold.

Location
Miles
20 miles south-east of Chelmsford, 41 miles south-west of Colchester, 43 miles east of London
Roads
A13, A127, A130, M25 (Junction 29)
Rail
Southend Central and Southend Victoria Railway Stations
Air
Southend Airport
Situation

The property is situated in the heart of Southend’s busy central shopping area in a prominent position on the western side of the pedestrianised High Street, close to its junction with Queens Road and Southchurch Road. Nearby occupiers include WH Smith, HMV, JD Sports, McDonald’s, Topshop/Topman, Superdrug, Clintons, Burger King and Costa. The property is also close to The Victoria Shopping Centre which houses retailers including Next, Boots the Chemist, New Look, Argos, Starbucks and Metro Bank.

Tenure

Freehold.

Description

The property comprises a ground floor retail unit with ancillary accommodation on the first and second floors.

Six Week Completion

Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises a ground floor retail unit with ancillary accommodation on the first and second floors.

Six Week Completion

Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x Review
Ground
First
Second
Retail/Ancillary
Ancillary
Ancillary
173.72 sq m
55.74 sq m
73.85 sq m
(1,870 sq ft)
(600 sq ft)
(795 sq ft)
HOLLAND &
BARRETT RETAIL
LIMITED (1)
20 years from 29/09/2002
until 2022 on a full repairing
and insuring lease
£95,000 29/09/2017
Totals  
303.31 sq m
(3,265 sq ft)
    £95,000

(1) Holland & Barrett is the UK and Europe's leading retailer of vitamins, minerals and herbal supplements and operate over 620 stores throughout the UK and Ireland. (Source: www.hollandandbarrett.com). For the year ending 30/09/2014, Holland & Barrett Retail Limited reported a turnover of £368,823,000, pre-tax profits of £89,463,000 and a total net worth of £260,473,000. (Source: www.riskdisk.com 21/08/2015)

Property Documents

  • Site Plan
    Updated Date
    17.11.15
    File Size
    105 KB
    View PDF
  • Catalogue Page
    Updated Date
    17.11.15
    File Size
    582 KB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
Associate Auctioneers
Grant Monger-Godfrey Mulberry House, Lions Road
New Romney
Kent
TN28 8HA
Jeremy Smith 02074 913 838jeremy.smith@gm-g.co.uk
Seller's Solicitors
Stafford Young Jones 29 Martin Lane
London
EC4R 0AU
Elizabeth Edmonds 0207 623 9490edmondse@syjlaw.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

By clicking the Submit button I confirm that I would like to register my interest in this Property. Please email me updates when they are published.

If you have a query, please fill in the box below, otherwise click the Submit button.

You have 200 character(s) left.

Are you sure you want to remove this property from My Catalogue?

Are you sure you are no longer interested in this property?

Are you sure you want to delete your Account?

Making the buying and selling of property a seamless experience
Everything you need to know whether you are a buyer or sellerHelp Centre
How can Acuitus Finance help you with bridging finance
How can Acuitus Finance help you with bridging financeObtain bridging finance now