Entirely let to Lloyds Bank Plc on a new 10 year lease until 2025
Prominent corner location on pedestrianised High Street
Nearby occupiers include Marks & Spencer, McDonald’s, Greggs, Specsavers and KFC
Approximately 150 metres from The Royals Shopping Centre
Lot 9
Auction 11th December 2014
Rent £120,000 per Annum Exclusive
Status Withdrawn Prior
Price
Sector Bank
Auction Venue The Millennium Hotel 44 Grosvenor Square London W1K 2HP
Property Information
Location
Miles
20 miles south-east of Chelmsford
41 miles south-west of Colchester
43 miles east of London
Roads
A1160, A13, A127
Rail
Southend Central Station
Air
London Southend Airport
Situation
The property is situated at the heart of Southend’s busy central shopping area in a prominent corner position on the pedestrianised High Street at its junction with Western Road. Southend Railway Station and the seafront are a short walk away with other nearby occupiers including Marks & Spencer, McDonald’s, Greggs, Specsavers and KFC.
Tenure
Freehold.
Location
Miles
20 miles south-east of Chelmsford
41 miles south-west of Colchester
43 miles east of London
Roads
A1160, A13, A127
Rail
Southend Central Station
Air
London Southend Airport
Situation
The property is situated at the heart of Southend’s busy central shopping area in a prominent corner position on the pedestrianised High Street at its junction with Western Road. Southend Railway Station and the seafront are a short walk away with other nearby occupiers including Marks & Spencer, McDonald’s, Greggs, Specsavers and KFC.
Tenure
Freehold.
Description
The property comprises a ground floor banking hall with basement ancillary accommodation and office/storage accommodation on first and second floors. In addition there is a single storey building to the rear currently trading as a café. There is a small enclosed courtyard to the rear of both units.
VAT
VAT is applicable to this lot.
Viewings
There will be block viewings for this property.
Interested parties must register their details with the Auctioneers and provide identification on site. Please contact Henry Wilkinson.
Telephone: +44 (0)20 7034 4861.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a ground floor banking hall with basement ancillary accommodation and office/storage accommodation on first and second floors. In addition there is a single storey building to the rear currently trading as a café. There is a small enclosed courtyard to the rear of both units.
VAT
VAT is applicable to this lot.
Viewings
There will be block viewings for this property.
Interested parties must register their details with the Auctioneers and provide identification on site. Please contact Henry Wilkinson.
Telephone: +44 (0)20 7034 4861.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
10 years from completion until January 2025 on a full repairing and insuring lease
£120,000
January 2020
2 Weston Road (2)
Ground Basement
Retail Storage
31.00 sq m 46.70 sq m
(334 sq ft) (502.68 sq ft)
Totals
923.61 sq m
(9,941.68 sq ft)
£120,000
(1) For the year ending 31st December 2013, Lloyds Bank plc reported a pre-tax profit of £894,000,000 and a net worth of £34,109,000,000. (Source: www.riskdisk.com 03/11/2014) (2)The unit to the rear of the bank known as 2 Weston Road has been sublet and currently trades as Café Noir.
