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
    23/Sep/2020
  • Rent
    £7,500 per Annum Exclusive
  • Status
    Sold
  • Price*
    £168,000
  • Sector
    High Street Retail
  • Auction Venue
    Live Streamed Auction
Important Auction & Property Update
  • 197 High Road<br>Benfleet<br>Essex<br>SS7 5HY
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* More information on the term "price" can be found here

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.

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

FloorUseFloor Areas
(Approx)
TenantTermRent p.a.xReversion
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)
£7,500Holding 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 £1,000 inclusive of VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Due to the current restrictions in movement throughout the UK, the property may not have been inspected by Acuitus. Some photographs may not be current and these will be dated where this is the case. Plans showing nearby occupiers and mention of nearby occupiers may reflect a dated situation as some tenants are not currently in occupation. Floor areas and accommodation details are likely to have been obtained from VOA.Gov.UK and the Vendor.

Property Documents

  • Solicitors Legal Pack
    Updated Date
    21.09.20
    File Size
    3 MB
    Login to View
  • 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
    01.07.20
    File Size
    277 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF
  • Money Laundering Regs
    Updated Date
    15.09.20
    File Size
    57 KB
    View PDF
  • Customer Due Dilligence Form
    Updated Date
    20.05.20
    File Size
    585 KB
    View PDF

Contacts

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060519john.mehtab@acuitus.co.uk
Billy StruthBilly Struth +44 (0)20 7034 4854billy.struth@acuitus.co.uk
Seller's Solicitors
Sabeers Stone Green Devonshire House, 1 Mayfair Place
London
W1J 8AJ
Layla Khoee 02032057088layla@sabeers.co.uk

Useful Links

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