197 High Road Benfleet Essex SS7 5HY

197 High Road
Benfleet
Essex
SS7 5HY

Freehold Retail Investment with Active Management Potential

Let to Countrywide Estate Agents T/A Bairstow Eves
Residential development potential (subject to consents)
Active Management Potential
Includes Car parking to the rear
Nearby occupiers include Greggs, Pizza Hut delivery, Subway, TSB Bank and Sainsbury's.

Lot
1
Auction
23rd September 2020
Rent
£7,500 per Annum Exclusive
Status
Sold
Price
£168,000
Auction Venue
Live Streamed Auction

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Freehold Retail Investment with Active Management Potential

Let to Countrywide Estate Agents T/A Bairstow Eves
Residential development potential (subject to consents)
Active Management Potential
Includes Car parking to the rear
Nearby occupiers include Greggs, Pizza Hut delivery, Subway, TSB Bank and Sainsbury's.

Lot 1
Auction 23rd September 2020
Rent £7,500 per Annum Exclusive
Status Sold
Price £168,000
Sector
High Street Retail
Auction Venue
Live Streamed Auction

Property Information

Location

Miles: 35 miles east of Central London; 7 miles west of Southend-on-Sea; 15 miles south of Chelmsford
Roads: High Road (B1006), A13, A127, A130. M25
Rail: Benfleet Rail Station
Air: London Southend Airport,; London Stansted Airport,; London City Airport

Situation

The property is situated in a prominently residential area on the west side of the busy High Road (B1006), less than a mile north of Benfleet railway station. Nearby occupiers include Co-op Food, Greggs, Pizza Hut delivery, Subway, TSB Bank and Sainsbury's.

Tenure

Freehold.

Location

Miles: 35 miles east of Central London; 7 miles west of Southend-on-Sea; 15 miles south of Chelmsford
Roads: High Road (B1006), A13, A127, A130. M25
Rail: Benfleet Rail Station
Air: London Southend Airport,; London Stansted Airport,; London City Airport

Situation

Tenure

Freehold.

Description

The property comprises ground floor retail accommodation with ancillary accommodation on the first floor. The property benefits from on site car parking at the rear. The property may be suitable for residential conversion of the upper parts and additional development to the rear of the property (subject to consents) .

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

See legal pack.

Description

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

See legal pack.

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Reversion
Ground First	Retail Ancillary	53.80 sq m 38.7 sq m	(579 sq ft) (416 sq ft)	COUNTRYWIDE ESTATE AGENTS (1) t/a BairstowEves)	5 years from 08/03/2014 on a full repairing and insuring lease. (2)	£7,500	Holding Over
Total		92.50 sq m	(995 sq ft)			£7,500

(1) Countrywide is the UKs largest and most successful estate agency and property services group with 850 branches across the UK (Source: www.countrywide.co.uk 30/07/2020).
(2) The tenant has been in occupation of the property since at least 1999.

If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.