Santander Bank
61 High Street
Rayleigh
Essex
SS6 7EW

Prominent Town Centre Bank Investment

  • Let to Santander UK Plc on a recently renewed 10 year lease from 29th September 2018 (no breaks)
  • No concessions offered to tenant at renewal
  • Prominent town centre location
  • Popular Essex commuter town
  • Nearby occupiers including Costa Coffee, Boots, Greggs, Holland & Barrett, Pizza Express, Prezzo and ASK Italian
  • Lot
    13
  • Auction
    14/Feb/2019
  • Rent
    £65,000 per Annum Exclusive
  • Status
    Withdrawn Post
  • Price*
     
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
Important Auction & Property Update
  • Santander Bank<br>61 High Street<br>Rayleigh<br>Essex<br>SS6 7EW
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* More information on the term "price" can be found here

Property Information

Location
Miles
6 miles north-west of Southend-on-Sea
13 miles south of Chelmsford
32 miles east of Central London
Roads
A13, A127, A130
Rail
Rayleigh Train Station (direct services to London Liverpool Street)
Air
London Southend Airport
London City Airport
London Stansted Airport
Situation

Rayleigh is a market town in the district of Rochford, Essex, located some 6 miles north-west of Southend-on-Sea, 13 miles south of Chelmsford and 32 miles east of Central London, with direct rail services to London Liverpool Street. The property is situated in a prominent town centre location in a good trading position on High Street. Nearby occupiers include Costa Coffee, Boots, Greggs, Holland & Barrett, Pizza Express, Prezzo and ASK Italian.

Tenure

Virtual Freehold. Virtual freehold for a term of 999 years from 29th September 2018 at a peppercorn rent.

Description

The property is a double fronted two-storey building arranged over ground and first floors. It comprises a ground floor banking hall with ancillary accommodation on the first floor.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

FloorUse
Floor Areas (Approx)
TenantTermRent p.a.xReview
(Reversion)
Ground
First
Banking Hall
Ancillary
217.30 sq m
79.80 sq m
(2,339 sq ft)
(859 sq ft)
SANTANDER UK
PLC (1)
10 years from
29/09/2018
£65,00029/09/2023
(28/09/2028)
Total
297.10 sq m
(3,198 sq ft)
  £65,000 

(1) For the year ending 31st December 2017, Santander UK Plc reported a turnover of £1,222,000,000, pre-tax profits of £1,817,000,000 and a total net worth of £14,311,000,000 (Source: Experian Group 10/12/2018).

Property Documents

  • Catalogue Page
    Updated Date
    22.01.19
    File Size
    1 MB
    View PDF
  • Site Plan
    Updated Date
    22.01.19
    File Size
    4 MB
    View PDF
  • Common Auction conditions
    Updated Date
    10.01.19
    File Size
    143 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
George WatkinsGeorge Watkins +44 (0)20 7034 4861george.watkins@acuitus.co.uk
Seller's Solicitors
Druces LLP Salisbury House, London Wall
London
EC2M 5PS
Karen Chapman 020 7638 9271k.chapman@druces.com

Useful Links

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