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.
(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)