17 High Street Southend-on-Sea Essex SS1 1JE

17 High Street
Southend-on-Sea
Essex
SS1 1JE

Freehold Retail Investment

Entirely let to Affordable Services Ltd (t/a Sunglasses Shop) until 2022
Situated in a prominent position on the pedestrianised High Street
Nearby occupiers include the Royals Shopping Centre, BHS, Santander Bank,
Betfred, Boots the Chemist, British Heart Foundation and Vision Express
Six Week Completion

Lot
36
Auction
27th March 2014
Rent
£92,500 per Annum Exclusive
Status
Sold
Price
£800,000
Auction Venue
The Millennium Hotel
44 Grosvenor Square
London W1K 2HP

Important Update Interested?

Expand
Photos
Map

Freehold Retail Investment

Entirely let to Affordable Services Ltd (t/a Sunglasses Shop) until 2022
Situated in a prominent position on the pedestrianised High Street
Nearby occupiers include the Royals Shopping Centre, BHS, Santander Bank,
Betfred, Boots the Chemist, British Heart Foundation and Vision Express
Six Week Completion

Lot 36
Auction 27th March 2014
Rent £92,500 per Annum Exclusive
Status Sold
Price £800,000
Sector
High Street Retail
Auction Venue
The Millennium Hotel
44 Grosvenor Square
London W1K 2HP

Property Information

Location

Miles: 20 miles south-east of Chelmsford, 41 miles south-west of Colchester, 43 miles east of London
Roads: A1160, A13, A127
Rail: Southend Central Station (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 eastern side of the pedestrianised High Street in close proximity to the Royals Shopping Centre. Neighbouring occupiers include BHS, Santander Bank, H&M, Betfred, British Heart Foundation, Boots the Chemist and Vision Express.

Tenure

Freehold.

Location

Miles: 20 miles south-east of Chelmsford, 41 miles south-west of Colchester, 43 miles east of London
Roads: A1160, A13, A127
Rail: Southend Central Station (0.2 miles)
Air: London Southend Airport (3 miles)

Situation

Tenure

Freehold.

Description

The property comprises a ground floor retail unit with basement storage accommodation and self-contained offices on the first, second and third floors.

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 ground floor retail unit with basement storage accommodation and self-contained offices on the first, second and third floors.

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	Reviews
Basement Ground	Storage/Ancillary Retail/Ancillary	130.52 sq m 203.92 sq m	(2,195 sq ft) (1,405 sq ft)	AFFORDABLE SERVICES LTD (t/a Sunglasses Shop) (1)	15 years from 24/07/2007 until 23/07/2022 on a full repairing and insuring lease	£82,500	24/07/2017
First Second Third	Office Office Office	189.05 sq m 59.92 sq m 52.49 sq m	(2,035 sq ft) (645 sq ft) (565 sq ft)	AFFORDABLE SERVICES LTD (1)	13 years 10 months from 06/10/2008 until 23/07/2022 on a full repairing and insuring lease	£10,000	24/07/2017
Totals		635.90 sq m	(6,845 sq ft)			£92,500

(1) For the year ending 30th April 2012, Affordable Services Ltd reported a turnover of £2,668,751, pre-tax profits of £116,069 and a total net worth of £649,986. (Source: www.riskdisk.com 25/02/2014)