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
  • Sector
    High Street Retail
  • Auction Venue
    Live Streamed Auction
Important Update
  • Expand
  • Photos
  • Map

* More information on the term "guide" can be found here

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
  • 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

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.

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

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.

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 £1,250+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Property Documents

  • Site Plan
    Updated Date
    02.09.20
    File Size
    589 KB
    View PDF
  • Catalogue Page
    Updated Date
    02.09.20
    File Size
    548 KB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060 519john.mehtab@acuitus.co.uk
Seller's Solicitors
Capital Solicitors LLP
Layla Alkhoee 02073770847layla@capitalsolicitors.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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