Let to Markus Samuels on a 99 year lease until 23/06/2033
Valuable freehold reversion in approximately 17 years
Prominent position on pedestrianized High Street close to Southend Central Railway Station
Nearby occupiers include River Island, Boots Optician and Marks & Spencer
For the Seller's Legal Pack, please click the Property Documents tab below
Lot 32
Auction 19th May 2016
Rent £266 per Annum Exclusive
Status Sold
Price £175,000
Sector High Street Retail
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
On behalf of a Major Fund
Property Information
Location
Miles
20 miles south-east of Chelmsford, 40 miles east of Central London
Roads
A13, A127
Rail
Southend Central, Southend Victoria
Air
London Southend Airport
Situation
The property is situated at the heart of Southend’s busy central shopping area, in a prominent position on the west side of the pedestrianised High Street, some 100 metres east of Southend Central Railway Station and 160 metres south of The Victoria Shopping Centre. The University of Essex Campus and South Essex College are some 50 metres to the rear of the property. Nearby occupiers include Barclays Bank, River Island, Boots Optician and Marks & Spencer.
Tenure
Freehold.
Location
Miles
20 miles south-east of Chelmsford, 40 miles east of Central London
Roads
A13, A127
Rail
Southend Central, Southend Victoria
Air
London Southend Airport
Situation
The property is situated at the heart of Southend’s busy central shopping area, in a prominent position on the west side of the pedestrianised High Street, some 100 metres east of Southend Central Railway Station and 160 metres south of The Victoria Shopping Centre. The University of Essex Campus and South Essex College are some 50 metres to the rear of the property. Nearby occupiers include Barclays Bank, River Island, Boots Optician and Marks & Spencer.
Tenure
Freehold.
Description
The property comprises ground floor retail accommodation with ancillary accommodation on the first floor.
Six Week Completion
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 ground floor retail accommodation with ancillary accommodation on the first floor.
Six Week Completion
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 (Reversion)
Ground First
Retail Ancillary
83.00 sq m 53.42 sq m
(893 sq ft) (575 sq ft)
MARKUS SAMUELS (1)
99 years from 24/06/1934
£266
23/06/2033
Totals
136.42 sq m
(1,468 sq ft)
£266
(1) The property is sub-let to an individual t/a The Green House
