39–55 High Street Clacton-on-Sea Essex CO15 1NU

39–55 High Street
Clacton-on-Sea
Essex
CO15 1NU

  • 39–55 High Street<br>Clacton-on-Sea<br>Essex<br>CO15 1NU

Extensive Town Centre Freehold with Future Asset Management Opportunites

  • Supermarket in central Clacton-on-Sea comprising 2,864.60 sq m (30,835 sq ft) on a site area of 0.36 Ha (0.89 Acres)
  • Let to Sainsbury's Supermarkets Ltd until July 2023 (not currently in occupation)
  • Strategic position on the High Street with extensive frontage and vehicular access via Carnarvon Road (A133)
  • Adjacent to a Council owned car park providing 300 spaces and to the retail pitches of Station Road, Pier Avenue and Clacton Railway Station
  • The building could be suitable for future redevelopment or alternative uses (subject to necessary consents)
  • Lot
    15
  • Auction
    18/May/2022
  • Rent
    £355,000 per Annum Exclusive
  • Status
    Sold
  • Price*
    £1,405,000
  • Sector
    Supermarket
  • Auction Venue
    Live Streamed Auction
  • On Instructions of a Fund Manager
  • Expand
  • Photos
  • Map

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

Property Information

Location
Miles
16 miles south-east of Colchester
70 miles north-east of Central London
Roads
A133, A120, A12
Rail
Clacton-on-Sea
Air
London Southend
Situation

Clacton-on-Sea is a popular seaside resort on the Tendring peninsular and is the largest town on the Essex coast, 16 miles south-east of Colchester and 70 miles north-east of Central London. The property occupies a substantial site on the north side of High Street, opposite its junction with Beach Road which provides primarily residential dwellings. Additional access to the property can be obtained from Carnarvon Road which neighbours the 300 space Council owned car park. Nearby retailers include Post Office, Sports Direct, ATS and HSBC.

Tenure

Freehold.

Location
Miles
16 miles south-east of Colchester
70 miles north-east of Central London
Roads
A133, A120, A12
Rail
Clacton-on-Sea
Air
London Southend
Situation

Clacton-on-Sea is a popular seaside resort on the Tendring peninsular and is the largest town on the Essex coast, 16 miles south-east of Colchester and 70 miles north-east of Central London. The property occupies a substantial site on the north side of High Street, opposite its junction with Beach Road which provides primarily residential dwellings. Additional access to the property can be obtained from Carnarvon Road which neighbours the 300 space Council owned car park. Nearby retailers include Post Office, Sports Direct, ATS and HSBC.

Tenure

Freehold.

Description

The property comprises a two storey building extending to 30,835 sq ft, providing ground floor retail accommodation with ancillary on the first and second floors. The store is rectangular in shape and benefits from a large service yard and separate staff parking.

The property may benefit from future redevelopment for a variety of uses including residential, subject to necessary consents/permissions. Interested parties should contact the local planning authority with further queries.

VAT

VAT is applicable to this lot.

Planning

Tendring District Council Tel: 01255 686868 https://www.tendringdc.gov.uk/planning Town Hall, Station Road, Clacton-on-Sea, Essex, CO15 1SE

Completion Period

6 week completion available.

EPC

Please see the legal pack.

Description

The property comprises a two storey building extending to 30,835 sq ft, providing ground floor retail accommodation with ancillary on the first and second floors. The store is rectangular in shape and benefits from a large service yard and separate staff parking.

The property may benefit from future redevelopment for a variety of uses including residential, subject to necessary consents/permissions. Interested parties should contact the local planning authority with further queries.

VAT

VAT is applicable to this lot.

Planning

Tendring District Council Tel: 01255 686868 https://www.tendringdc.gov.uk/planning Town Hall, Station Road, Clacton-on-Sea, Essex, CO15 1SE

Completion Period

6 week completion available.

EPC

Please see the legal pack.

Tenancy & Accommodation

Floor Use Floor Areas (Approx sq m) Floor Areas (Approx sq ft) Tenant Term Rent p.a.x.
Ground
First
Second
Retail
Ancillary
Ancillary
1,728.60
1,064.40
72.60
(18,607)
(11,457)
(771)
Sainsbury’s Supermarkets Ltd (on assignment Somerfield Property Company Limited) (2) 35 years expiring 24/07/2023
£355,000
Total (1)  
2,864.60
(30,835)
   
£355,000

(1) The Gross Internal Areas (GIA) above were the agreed areas from the 2013 rent review settled by arbitration.
(2) The tenant is not currently in occupation.

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

  • Brochure
    Updated Date
    03.05.22
    File Size
    4 MB
    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
Charlie PowterCharlie Powter +44 (0)20 7034 4853 +44 (0)7768 120 904charlie.powter@acuitus.co.uk
Jon SkerryJon Skerry +44 (0)20 7034 4863 +44 (0)7736 300 594jon.skerry@acuitus.co.uk
Seller's Solicitors
Bryan Cave Leighton Paisner LLP Governor’s House
5 Laurence Pountney Hill
London,
EC4R 0BR
Emma Edwards +44 (0) 20 3400 3719 emma.edwards@bclplaw.com  Natalie Fitzmaurice 44 (0) 20 3400 3690 natalie.fitzmaurice@bclplaw.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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