191/193 High Street
Southend- on - Sea
Essex
SS1 1LL

Freehold Retail and Residential Investment

  • Pedestrianised town centre location
  • Double fronted shop let to Savers Health & Beauty on a lease expiring 2025 (no breaks)
  • Recently converted uppers floors to comprise six self-contained flats
  • Close to Victoria Plaza Shopping Centre
  • Lot
    20
  • Auction
    18/Oct/2018
  • Rent
    £127,500 per Annum Exclusive
  • Status
    Sold
  • Price*
    £1,600,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
Important Property Update
  • 191/193 High Street<br>Southend- on - Sea<br>Essex<br>SS1 1LL
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Property Information

Location
Miles
20 miles south-east of Chelmsford, 35 miles east of Central London
Roads
A13, A127, M25 (Junction 29)
Rail
Southend Central and Southend Victoria Railway Stations
Air
London Southend Airport, London Stansted Airport
Situation

Southend-on-Sea is a popular tourist destination and important commercial town located 35 miles east of Central London, 25 miles south-east of Chelmsford and 20 miles east of Brentwood. The town benefits from good communications with Southend Airport and being located on the A127, which provides direct access to the A13 and the M25 some 18 miles to the west. Southend railway station provides services to London Liverpool Street and Fenchurch Street stations. The property is located in the town centre on the pedestrianised
High Street, close to its junction with Queens Road. Occupiers close by include McDonald’s, WHSmith, William Hill, Costa, Nationwide, HSBC, Metro and JD Sports.

Tenure

Freehold.

Description

The property comprises a double fronted ground floor shop together with six self-contained flats above. The recently converted upper floors provide residential accommodation comprising 4 x one bedroom flats and 2 x two bedroom flats. The flats are accessed via Queens Road.

VAT

VAT is applicable to this lot.

EPC

191 - E 193 - F Flats C,C,D,D,D,D

Tenancy & Accommodation

FloorUseFloor Areas (Approx)TenantTerm Rent p.a.x. Review
Ground
Basement
Retail
Ancillary
230 sq m
164 sq m
(2,476 sq ft)
(1,765 sq ft)
SAVERS HEALTH
AND BEAUTY
LIMITED (1)
10 years from
4/11/2015 on a full
repairing and
insuring lease
£75,0002020
First (A)Residential
1 bed flat
INDIVIDUALAST for one year
from 16/04/2018
£8,400 (2) 
First (B)Residential
1 bed flat
INDIVIDUALSAST for one year
from 09/03/2018
£7,800 (2) 
First (C) Residential
2 bed flat
INDIVIDUALSAST for one year
from 17/08/2018
£9,600 (2) 
Second (D) Residential
2 bed flat
INDIVIDUALSAST for one year
from 04/05/2018
£10,500 (2) 
Second (E) Residential
1 bed flat
INDIVIDUAL
with guarantor
AST for one year
from 09/03/2018
£7,800 (2) 
Second (F)Residential
1 bed flat
INDIVIDUALSAST for one year
from 16/08/2018
£8,400 (2) 
Total
394 sq m
(4,421 sq ft)
  £127,500 

(1) Savers was founded in 1988 and currently operates over 380 stores throughout the UK, employing over 3,000 personnel (www.savers.co.uk). Savers Health and Beauty Limited is ultimately owned by CK Hutchison Holdings Limited.
(2) Rent deposit of approximately 1 month’s rent held.

Property Documents

  • Solicitors Legal Pack
    Updated Date
    09.10.18
    File Size
    173 MB
    Login to View
  • Catalogue Page
    Updated Date
    26.09.18
    File Size
    2 MB
    View PDF
  • Site Plan
    Updated Date
    26.09.18
    File Size
    3 MB
    View PDF
  • Common Auction conditions
    Updated Date
    27.03.17
    File Size
    124 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
Peter MayoPeter Mayo +44 (0)20 7034 4864 +44 (0)7833 459318Peter.mayo@acuitus.co.uk
Seller's Solicitors
BTMK Solicitors Madison House, 100 - 102 Alexandra Road
Southend on Sea
Essex
SS1 1HQ
Ian Powell 01702 238 511ian.powell@btmk.co.uk

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