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)