8 to 10 West Avenue Clacton on Sea Essex CO15 1QR

  • 8 to 10 West Avenue<br>Clacton on Sea<br>Essex<br>CO15 1QR

8 to 10 West Avenue
Clacton on Sea
Essex
CO15 1QR

Freehold Retail Investment

  • Let to Individuals (t/a Bakehouse) and Clacton Vaping Limited (t/a Vaporever) until 2027 and 2030
  • No Break Clauses
  • Central Location in Popular London Commuter Town
  • VAT free
  • Nearby occupiers include Argos, Poundland, McDonald's, Superdrug, Travelodge and Premier Inn
  • Lot
    49
  • Auction
    21st September 2023
  • Rent
    £27,000 per Annum Exclusive
  • Status
    Available
  • Guide*
    Contact Us
  • Sector
    High Street Retail
  • Auction Venue
    Live Streamed Auction
Important Update
  • Expand
  • Photos
  • Map

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

Freehold Retail Investment

  • Let to Individuals (t/a Bakehouse) and Clacton Vaping Limited (t/a Vaporever) until 2027 and 2030
  • No Break Clauses
  • Central Location in Popular London Commuter Town
  • VAT free
  • Nearby occupiers include Argos, Poundland, McDonald's, Superdrug, Travelodge and Premier Inn
  • Lot 49
  • Auction 21st September 2023
  • Rent £27,000 per Annum Exclusive
  • Status Available
  • Guide* Contact Us
  • Sector
    High Street Retail
  • Auction Venue
    Live Streamed Auction

Property Information

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

Clacton-on-Sea is a popular seaside town on the coast of Essex, it boasts a wide range of entertainment landmarks including a pleasure pier, arcades, the Princes and the West Cliff Theatres, a golf course and many more sea front based activities.
The property is located in the town centre on West Avenue near its junction with Station Road and Pier Avenue, some 200m from the Marine Parade and Clacton Pier. Clacton-on-Sea Railway Station is some 600m to the north. Nearby occupiers include Argos, Poundland, McDonald's, Superdrug, Travelodge and Premier Inn.

Tenure

Freehold.

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

Clacton-on-Sea is a popular seaside town on the coast of Essex, it boasts a wide range of entertainment landmarks including a pleasure pier, arcades, the Princes and the West Cliff Theatres, a golf course and many more sea front based activities.
The property is located in the town centre on West Avenue near its junction with Station Road and Pier Avenue, some 200m from the Marine Parade and Clacton Pier. Clacton-on-Sea Railway Station is some 600m to the north. Nearby occupiers include Argos, Poundland, McDonald's, Superdrug, Travelodge and Premier Inn.

Tenure

Freehold.

Description

The property comprises two self contained retail units on the ground floor each with ancillary accommodation in the basement. The three upper floors comprise four flats that are accessed from the rear of the property.

VAT

VAT is not applicable to this lot.

Completion Period

Six week completion

EPC

Retail unit No 8 = "C" and Retail unit no 10 = "D"

Description

The property comprises two self contained retail units on the ground floor each with ancillary accommodation in the basement. The three upper floors comprise four flats that are accessed from the rear of the property.

VAT

VAT is not applicable to this lot.

Completion Period

Six week completion

EPC

Retail unit No 8 = "C" and Retail unit no 10 = "D"

Tenancy & Accommodation

Address Floor Use Floor Areas
Approx sq m (1)
Floor Areas
Approx sq ft (1)
Tenant Term Rent p.a.x. Rent Review
(Reversion)
8 West Avenue Ground
Basement
Retail
Ancillary
52.30
-
(563)
(-)
INDIVIDUALS (t/a The Bakehouse) 15 years from 11/08/2015
£14,500
25/03/2024 and 3 yearly
(11/08/2030)
10 West Avenue Ground
Basement
Retail
Ancillary
56.41
34.14
(607)
(367)
CLACTON VAPING LIMITED (CRN:10447377:t/a Vaporever) (2) 10 years from 01/12/2017
£12,500
(01/12/2027)
8-10 West Avenue First
Second
Third
4 x Residential Flats
-
(-)
SAE PROPERTY LIMITED (CRN: 08679491) (3) 999 years from 29/09/2015
Peppercorn
-
Total Approximate Commercial
Floor Area
   
142.85
(1,537)
   
£27,000
 

(1) The floor areas stated above are those published by the Valuation Office Agency (https://www.tax.service.gov.uk/business-rates-find/results)
(2) Vaporever specialise in selling e-cigarettes and operate out of four stores around Essex (www.vaporever.co.uk)
(3) The head lease for the residential upper parts will be made available to the Buyer for a nominal sum after completion of the sale subject to the service of the notices required under section 5a of the Landlord & Tenant Act 1987.

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

  • Solicitors Legal Pack
    Updated Date
    20.09.23
    File Size
    68 MB
    Login to View
  • Brochure
    Updated Date
    29.11.23
    File Size
    3 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
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060 519john.mehtab@acuitus.co.uk
Edward MartinEdward Martin +44 (0)20 7034 4854 +44 (0)7478 673 535edward.martin@acuitus.co.uk
Seller's Solicitors
Birkett Long Faviell House, 1 Coval Wells
Chelmsford
Essex
CM1 1WZ
Hayley Goldstone 01245 453824hayley.goldstone@birkettlong.co.uk

Useful Links

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

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