82A High Street Southend-on-Sea Essex SS1 1JF

82A High Street
Southend-on-Sea
Essex
SS1 1JF

Freehold Retail Investment

  • Entirely let to Specsavers Optical Superstores Limited on a 10 year lease until 2020
  • Situated in a prominent position on the pedestrianised High Street
  • Nearby occupiers include Boots Optician, McDonald’s, Lloyds TSB Bank, EE Telephones and Marks & Spencer
  • Six Week Completion
  • Lot
    4
  • Auction
    13th February 2014
  • Rent
    £50,500 per Annum Exclusive
  • Status
    Sold
  • Price
    £585,000
  • Sector
    High Street Retail
  • Auction Venue
    The Millennium Hotel
    44 Grosvenor Square
    London W1K 2HP
  • On Behalf of Administrators
Important Update
  • Expand
  • Photos
  • Map

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

Freehold Retail Investment

  • Entirely let to Specsavers Optical Superstores Limited on a 10 year lease until 2020
  • Situated in a prominent position on the pedestrianised High Street
  • Nearby occupiers include Boots Optician, McDonald’s, Lloyds TSB Bank, EE Telephones and Marks & Spencer
  • Six Week Completion
  • Lot 4
  • Auction 13th February 2014
  • Rent
  • Status Sold
  • Price £585,000
  • Sector
    High Street Retail
  • Auction Venue
    The Millennium Hotel
    44 Grosvenor Square
    London W1K 2HP
  • On Behalf of Administrators

Property Information

Location
Miles
Chelmsford 20 miles, London 43 miles
Roads
A1160, A13, A127
Rail
Southend Central 0.2 miles
Air
London Southend Airport 3 miles
Situation

The property is situated at the heart of Southend’s busy central shopping area in a prominent position on the east side of the pedestrianised High Street opposite its junction with Tylers Avenue. Nearby occupiers include Boots Optician, McDonald’s, Lloyds TSB Bank, EE Telephones, Marks & Spencer and many other well known high street retailers.

Tenure

Freehold.

Location
Miles
Chelmsford 20 miles, London 43 miles
Roads
A1160, A13, A127
Rail
Southend Central 0.2 miles
Air
London Southend Airport 3 miles
Situation

The property is situated at the heart of Southend’s busy central shopping area in a prominent position on the east side of the pedestrianised High Street opposite its junction with Tylers Avenue. Nearby occupiers include Boots Optician, McDonald’s, Lloyds TSB Bank, EE Telephones, Marks & Spencer and many other well known high street retailers.

Tenure

Freehold.

Description

The property comprises a traditional style retail unit, with glazed display frontage and a central recessed entrance. It has basement ancillary accommodation, retail to the ground floor and further first floor ancillary accommodation. The property also benefits from rear access from Chichester Road.

Note
This property is being marketed for sale on behalf of Administrators and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Administrators to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Administrators are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.

The adjoining property is being sold as Lot 15 in this auction.

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 traditional style retail unit, with glazed display frontage and a central recessed entrance. It has basement ancillary accommodation, retail to the ground floor and further first floor ancillary accommodation. The property also benefits from rear access from Chichester Road.

Note
This property is being marketed for sale on behalf of Administrators and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Administrators to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Administrators are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.

The adjoining property is being sold as Lot 15 in this auction.

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
Basement
Ground
Ground
First
Ancillary
Retail
Ancillary
Storage
138.80 sq m
148.08 sq m
2.23 sq m
77.67 sq m
(1,494 sq ft)
(1,594 sq ft)
(24 sq ft)
(836 sq ft)
SPECSAVERS
OPTICAL
SUPERSTORES
LIMITED (1)
10 years from 15/02/2010 until 14/02/2020 £50,500 15/02/2015
Totals
366.78 sq m
(3,948 sq ft)
    £50,500

(1) For the year ending February 2013, Specsavers Optical Superstores Limited reported a turnover of £346,739,000, pre-tax profits of £15,349,000 and a total net worth of £100,290,000. (Source: www.riskdisk.com 14/01/2014)

Property Documents

  • Site Plan
    Updated Date
    22.01.14
    File Size
    81 KB
    View PDF
  • Catalogue Page
    Updated Date
    22.01.14
    File Size
    544 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
Peter CunliffePeter Cunliffe +44 (0)20 7034 4850peter.cunliffe@acuitus.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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