125 High Street Southend-on-Sea Essex SS1 1LH

125 High Street
Southend-on-Sea
Essex
SS1 1LH

Freehold Retail Investment

Let to TFS Stores Limited (t/a The Fragrance Shop) on a new 10 year lease
Nearby occupiers include Starbucks Coffee, Santander Bank, River Island and The Carphone Warehouse
The adjoining properties no. 121 and 123 are being sold as Lots 20 and 31 in this auction

Lot
27
Auction
13th February 2014
Rent
£37,000 per Annum Exclusive
Status
Sold
Price
£370,000
Auction Venue
The Millennium Hotel
44 Grosvenor Square
London W1K 2HP
On behalf of a Major Fund

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Freehold Retail Investment

Let to TFS Stores Limited (t/a The Fragrance Shop) on a new 10 year lease
Nearby occupiers include Starbucks Coffee, Santander Bank, River Island and The Carphone Warehouse
The adjoining properties no. 121 and 123 are being sold as Lots 20 and 31 in this auction

Lot 27
Auction 13th February 2014
Rent £37,000 per Annum Exclusive
Status Sold
Price £370,000
Sector
High Street Retail
Auction Venue
The Millennium Hotel
44 Grosvenor Square
London W1K 2HP
On behalf of a Major Fund

Property Information

Location

Miles: 20 miles south-west of Chelmsford, 43 miles east of London
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 west side of the pedestrianised High Street opposite its junction with Whitegate Road. Nearby occupiers include Starbucks Coffee, Santander Bank, River Island and The Carphone Warehouse as well as many other well known high street retailers.

Tenure

Freehold.

Location

Miles: 20 miles south-west of Chelmsford, 43 miles east of London
Roads: A1160, A13, A127
Rail: Southend Central 0.2 miles
Air: London Southend Airport 3 miles

Situation

Tenure

Freehold.

Description

The property comprises a traditional two storey retail property with retail sales to the ground floor and ancillary and storage to the first floor.

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 two storey retail property with retail sales to the ground floor and ancillary and storage to the first floor.

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
Ground First	Retail and Ancillary Ancillary	74.60 sq m 50.40 sq m	(803 sq ft) (542 sq ft)	TFS STORES LIMITED (t/a The Fragrance Shop) (1)	10 years from 25/06/2013 until 24/06/2023 (2)	£37,000
Totals		361.85 sq m	(3,895 sq ft)			£37,000

(1) Established in 1995, The Fragrance Shop is a privately owned, family run retailer of perfumes with 150 high street locations throughout the UK. (Source: www.thefragranceshop.co.uk) For the year ending 31st March 2013, TFS Stores Limited reported a turnover of £63,347,000, pre-tax profits of £6,534,000 and a total net worth of £13,831,000. (Source: www.riskdisk.com 17/01/2014)
(2)There is a tenants option to determine the lease on 24/06/2018.