Mansion House Precinct St. John's Road / North Road Clacton-On-Sea Essex CO15 4BP

Mansion House Precinct
St. John's Road / North Road
Clacton-On-Sea
Essex
CO15 4BP

Freehold Retail and Office Investment

  • Unbroken parade of 12 shops with self-contained offices and rear stores
  • Approximately 884.81 sq m (9,524 sq ft)
  • Asset management opportunities
  • VAT-free investment
  • First time on the market for over 50 years
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • For a Buyer's Legal Report please click <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot
    60
  • Auction
    11th February 2016
  • Rent
    £49,720 per Annum Exclusive
  • Status
    Sold
  • Price
    £520,000
  • Sector
    High Street Retail
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
Important Update
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* More information on the term "guide" can be found here

Freehold Retail and Office Investment

  • Unbroken parade of 12 shops with self-contained offices and rear stores
  • Approximately 884.81 sq m (9,524 sq ft)
  • Asset management opportunities
  • VAT-free investment
  • First time on the market for over 50 years
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • For a Buyer's Legal Report please click <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot 60
  • Auction 11th February 2016
  • Rent
  • Status Sold
  • Price £520,000
  • Sector
    High Street Retail
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

Property Information

Location
Miles
16 miles south-east of Colchester, 24 miles south of Ipswich, 75 miles east of Central London
Roads
A12, A120 A133
Rail
Clacton-on-Sea Railway Station
Air
London Stansted Airport
Situation

The property occupies a corner location on St John’s Road at its junction with North Road, in Great Clacton, approximately one mile north of Clacton town centre. Nearby occupiers include Boots Pharmacy, Martin McColl and a number of independent retailers.

Tenure

Freehold.

Location
Miles
16 miles south-east of Colchester, 24 miles south of Ipswich, 75 miles east of Central London
Roads
A12, A120 A133
Rail
Clacton-on-Sea Railway Station
Air
London Stansted Airport
Situation

The property occupies a corner location on St John’s Road at its junction with North Road, in Great Clacton, approximately one mile north of Clacton town centre. Nearby occupiers include Boots Pharmacy, Martin McColl and a number of independent retailers.

Tenure

Freehold.

Description

The property comprises an unbroken parade of twelve shops (arranged as eleven units), with self-contained office accommodation above accessed from St John’s Road. In addition, the property benefits from car parking and four stores to the rear.

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 not applicable to this lot.

EPC

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

Description

The property comprises an unbroken parade of twelve shops (arranged as eleven units), with self-contained office accommodation above accessed from St John’s Road. In addition, the property benefits from car parking and four stores to the rear.

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 not 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  
8A St John’s Road Ground Retail
22.40 sq m
(241 sq ft)
A E FIELD (t/a Privilege Taxis) Periodic Tenancy from 01/12/2012 £3,000
8B St John’s Road Ground Retail
23.60 sq m
(254 sq ft)
J MAYNARD
(t/a Reflexions Hair Salon)
9 years from 29/09/1999
(Holding Over)
£2,000
10 St John’s Road First Offices
96.10 sq m
(1,034 sq ft)
AZURA LIMITED 5 years from 06/08/2015 until
05/08/2020 (lease renewal)
£5,520
10A St John’s Road Ground Retail
23.60 sq m
(254 sq ft)
VACANT - -
10B St John’s Road Ground Retail
22.32 sq m
(240 sq ft)
G FELLOWES (t/a G & A Barbers) Periodic Tenancy from 01/04/2000 £2,500
12A St John’s Road Ground
First
Retail
Ancillary
27.59 sq m
34.77 sq m
(297 sq ft)
(374 sq ft)
APEX PUBLISHING LIMITED
(t/a Clacton Printers)
Periodic Tenancy from 01/05/2007 £3,600
12B St John’s Road Ground
First
Retail
Ancillary
30.50 sq m
36.70 sq m
(328 sq ft)
(395 sq ft)
N COE AND M J BRADFORD
(t/a Nick Coe & Oakwood Kitchens)
Periodic Tenancy from 01/07/2014 £3,600
14A St John’s Road Ground
First
Retail
Ancillary
28.20 sq m
31.00 sq m
(304 sq ft)
(334 sq ft)
A JAMES
(t/a Anthony James Estate Agents)
3 years from 09/02/1999
(Holding Over)
£3,000
14B St John’s Road Ground
First
Retail
Ancillary
45.45 sq m
47.38 sq m
(489 sq ft)
(510 sq ft
PRESCRIPTIONS2YOU LIMITED 10 year lease from 02/02/2009 until
01/02/2019
£9,500 (1)
2B North Road Ground
First
Retail
Ancillary
27.30 sq m
32.10 sq m
(294 sq ft)
(346 sq ft)
MJ & JR SNELLING
(t/a Butterfly Flowers)
9 years from 25/03/2001
(Holding Over)
£2,700
4 North Road Ground
First
Retail
Ancillary
28.60 sq m
25.20 sq m
(308 sq ft)
(271 sq ft)
K D SHARPE
(t/a PC Warehouse)
Periodic Tenancy from 01/09/2007 £3,600
6 North Road Ground
First
Retail
Ancillary
27.30 sq m
31.50 sq m
(294 sq ft)
(339 sq ft)
BAILLIE BUSINESS SUPPLIES
LIMITED (t/a BBS)
Periodic Tenancy from 01/08/2008 £3,600
A (Rear of Mansion
House Precinct)
Ground Store
65.30 sq m
(702 sq ft)
L LAWMON Periodic Tenancy from 17/06/2014 £2,000 (2)
B (Rear of Mansion
House Precinct)
Ground Store
65.30 sq m
(702 sq ft)
A E FIELD Periodic Tenancy from 29/05/2013 £2,000 (2)
C (Rear of Mansion
House Precinct)
Ground Store
55.20 sq m
(594 sq ft)
IT SMITH Periodic Tenancy from 01/03/2007 £1,600
D (Rear of Mansion
House Precinct)
Ground Store
57.80 sq m
(622 sq ft)
A M ROBINSON AND B CARROLL Periodic Tenancy from 17/01/2014 £1,500 (2)
Total Area    
884.81 sq m
(9,524 sq ft)
    £49,720 (1)

1) We understand that the tenant is not currently in occupation and the tenant is not currently paying rent.
(2) Rent inclusive of insurance

Property Documents

  • Catalogue Page
    Updated Date
    31.10.19
    File Size
    814 KB
    View PDF
  • Site Plan
    Updated Date
    31.10.19
    File Size
    63 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
Seller's Solicitors
Slee Blackwell Solicitors 10 Cross Street
Barnstaple
Devon
EX31 1BA
Nick Arthur 01271 372 128nick.arthur@sleeblackwell.co.uk

Useful Links

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

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