Prominent town centre location between Costa and Iceland
Other nearby retailers include McDonald's, Lidl, Boots the Chemist and various banks
Circa 464.49 sq m (5,000 sq ft) store
VAT-free investment
Lot 23
Auction 11th July 2019
Rent Gross: £30,000 per Annum Exclusive
Status Sold
Price £337,000
Sector High Street Retail
Auction Venue The Montcalm Hotel 2 Wallenberg Place London W1H 7TN
Property Information
Location
Miles
4 miles west of Southend-on-Sea
29 miles south of Braintree
36 miles east of Central London
Roads
A13, A127, A130, M25 (J29)
Rail
Benfleet Train Station
Air
London Southend, London City, London Stansted
Situation
Hadleigh is located in South East Essex, 4 miles west of Southend-on-Sea. The property is situated in a prominent location on the north side of London Road, close to its junction with Rectory Road in the heart of Hadleigh town centre. Nearby occupiers include Costa Coffee, McDonald's, Iceland, Lidl and various banks.
Tenure
Leasehold. Leasehold for a term of 99 years from 24th June 1956 at a fixed ground rent of £100 per annum.
Location
Miles
4 miles west of Southend-on-Sea
29 miles south of Braintree
36 miles east of Central London
Roads
A13, A127, A130, M25 (J29)
Rail
Benfleet Train Station
Air
London Southend, London City, London Stansted
Situation
Hadleigh is located in South East Essex, 4 miles west of Southend-on-Sea. The property is situated in a prominent location on the north side of London Road, close to its junction with Rectory Road in the heart of Hadleigh town centre. Nearby occupiers include Costa Coffee, McDonald's, Iceland, Lidl and various banks.
Tenure
Leasehold. Leasehold for a term of 99 years from 24th June 1956 at a fixed ground rent of £100 per annum.
Description
The property comprises a large ground floor shop with ancillary accommodation on the first floor.
VAT
VAT is not applicable to this lot.
Completion Period
Six Week Completion
EPC
Band B. See legal pack at acuitus.co.uk
Description
The property comprises a large ground floor shop with ancillary accommodation on the first floor.
VAT
VAT is not applicable to this lot.
Completion Period
Six Week Completion
EPC
Band B. See legal pack at acuitus.co.uk
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Ground First
Retail/Ancillary Ancillary
263.37 sq m 201.12 sq m
(2,835 sq ft) (2,165 sq ft)
SAVERS HEALTH AND BEAUTY LIMITED (1)
10 years from 15/10/2013 until 14/10/2023 on full repairing and insuring terms
£30,000
Total
464.49 sq m
(5,000 sq ft)
£30,000
(1) For the year ending 30th December 2017, Savers Health and Beauty Limited reported a turnover of £460,343,000 and pre-tax profits of £44,278,000. Savers was founded in 1988 and now has over 450 shops throughout England, Northern Ireland, Scotland and Wales.
