86 High Street Southend-on-Sea Essex SS1 1JN

  • 86 High Street<br>Southend-on-Sea<br>Essex<br>SS1 1JN

86 High Street
Southend-on-Sea
Essex
SS1 1JN

Freehold Retail Investment

  • Let to Kefco Sales Limited t/a KFC on a recently renewed lease
  • Prominent position on pedestrianised High Street
  • Situated equidistant between The Victoria and The Royals Shopping Centres
  • Nearby occupiers include Moss Menswear, Specsavers, McDonald's, Waterstones, Superdrug and Marks & Spencer
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    26
  • Auction
    30th March 2017
  • Rent
    £42,500 per Annum Exclusive
  • Status
    Sold
  • Price
    £602,000
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On Behalf of Insolvency Practitioners - Deloitte
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Freehold Retail Investment

  • Let to Kefco Sales Limited t/a KFC on a recently renewed lease
  • Prominent position on pedestrianised High Street
  • Situated equidistant between The Victoria and The Royals Shopping Centres
  • Nearby occupiers include Moss Menswear, Specsavers, McDonald's, Waterstones, Superdrug and Marks & Spencer
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot 26
  • Auction 30th March 2017
  • Rent £42,500 per Annum Exclusive
  • Status Sold
  • Price £602,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On Behalf of Insolvency Practitioners - Deloitte

Property Information

Location
Miles
20 miles south-east of Chelmsford, 40 miles east of Central London
Roads
A13, A127, M25 (Junction 29)
Rail
Southend Central and Southend Victoria Railway Stations
Air
London Southend Airport
Situation

The property is located in the heart of Southend's busy central shopping area, in a prominent position on the east side of the pedestrianised High Street. The property benefits from excellent footfall, being situated equidistant between The Victoria Shopping Centre to the north and The Royals Shopping Centre to the south. Nearby occupiers include Moss Menswear, Specsavers, McDonald's, Waterstones, Superdrug and Marks & Spencer.

Tenure

Freehold.

Location
Miles
20 miles south-east of Chelmsford, 40 miles east of Central London
Roads
A13, A127, M25 (Junction 29)
Rail
Southend Central and Southend Victoria Railway Stations
Air
London Southend Airport
Situation

The property is located in the heart of Southend's busy central shopping area, in a prominent position on the east side of the pedestrianised High Street. The property benefits from excellent footfall, being situated equidistant between The Victoria Shopping Centre to the north and The Royals Shopping Centre to the south. Nearby occupiers include Moss Menswear, Specsavers, McDonald's, Waterstones, Superdrug and Marks & Spencer.

Tenure

Freehold.

Description

The property comprises ground floor retail accommodation with ancillary accommodation on the first, second and third floors.

VAT

VAT is applicable to this lot.

Note

This property is being marketed for sale on behalf of Insolvency Practitioners and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Insolvency Practitioners are acting without personal liability.

Completion Period

Six Week Completion

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, second and third floors.

VAT

VAT is applicable to this lot.

Note

This property is being marketed for sale on behalf of Insolvency Practitioners and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Insolvency Practitioners are acting without personal liability.

Completion Period

Six Week Completion

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 Reversion
Ground
First
Second
Third
 Retail/Ancillary
Ancillary
Ancillary
Ancillary
169.50 sq m
158.90 sq m
12.60 sq m
Not measured
(1,825 sq ft)
(1,710 sq ft)
(136 sq ft)
 KEFCO
SALES
LIMITED (1)
t/a KFC
 5 years from 01/03/2017
on a full repairing and
insuring lease (2)
 £42,500
 28/02/2022
Total  
341.00 sq m
(3,671 sq ft)
     £42,500
  

(1) Kefco Sales Limited is a franchise operating KFC restaurants throughout Essex and, for the year ending 29th November 2015, reported a turnover of £24,711,106, pre-tax profits of £2,505,763 and a total net worth of £11,427,738 (Source: Experian Group 27/02/2017).
(2) The lease provides for a rolling mutual option to determine after 24th December 2017 on providing 3 months’ prior notice.

Contacts

Seller's Solicitors
Olswang LLP 2nd Floor, The Blade, Abbey Square
Reading
RG1 3BE
Gaye King 0207 071 7341gaye.king@olswang.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk
Property InsuranceBrown & BrownNatasha WardBroking Director+44 7545 208 759bbrown.com

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