139/139a High Street Hornchurch London RM11 3YD

139/139a High Street
Hornchurch
London
RM11 3YD

Freehold Retail and Residential Ground Rent Investment

Shop let to Specsavers Optical Superstores Limited until June 2030 (subject to option)
Lease extended in June 2025
Tenant in occupation for at least 17 years
Prominent position at junction of High Street and North Street
Nearby occupiers include Sainsbury's, Boots, Holland & Barrett, Costa, Nando's, Starbucks, and PureGym
VAT free investment

Lot
1
Auction
18th September 2025
Rent
£30,400 per Annum Exclusive
Status
Sold
Price
£390,000
Auction Venue
Live Streamed Auction

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Freehold Retail and Residential Ground Rent Investment

Shop let to Specsavers Optical Superstores Limited until June 2030 (subject to option)
Lease extended in June 2025
Tenant in occupation for at least 17 years
Prominent position at junction of High Street and North Street
Nearby occupiers include Sainsbury's, Boots, Holland & Barrett, Costa, Nando's, Starbucks, and PureGym
VAT free investment

Lot 1
Auction 18th September 2025
Rent £30,400 per Annum Exclusive
Status Sold
Price £390,000
Sector
High Street Retail
Auction Venue
Live Streamed Auction

Property Information

Location

Miles: 15 miles east of Central London
Roads: A124, A12,M25
Rail: Emerson Park (Overground), Upminster Bridge (District Line)
Air: London City Airport

Situation

Hornchurch is a popular East London suburb situated 15 miles east of Central London and 5 miles west of the M25 (J29). The property is prominently located on the north side of the busy High Street at its junction with North Street in the heart of Hornchurch. Nearby occupiers include Sainsbury's, Boots, Holland & Barrett, Costa, Nando's, Starbucks, and PureGym

Tenure

Freehold.

Location

Miles: 15 miles east of Central London
Roads: A124, A12,M25
Rail: Emerson Park (Overground), Upminster Bridge (District Line)
Air: London City Airport

Situation

Tenure

Freehold.

Description

The property comprises a ground floor shop with two flats on the upper two floors accessed from the rear, both let on long leases.

VAT

VAT is not applicable to this lot.

Note

As to the residential flats, the tenants have been served notice pursuant to the Landlord and Tenant Act 1987.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises a ground floor shop with two flats on the upper two floors accessed from the rear, both let on long leases.

VAT

VAT is not applicable to this lot.

Note

As to the residential flats, the tenants have been served notice pursuant to the Landlord and Tenant Act 1987.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor	Use	Floor Areas Approx sq m	Floor Areas Approx sq ft	Tenant	Term	Rent p.a.x.
Ground	Retail Ancillary	78.97 39.39	(850) (424)	SPECSAVERS OPTICAL SUPERSTORES LIMITED (1)	5 years from 24/06/2025 (2)	£30,000
First	Residential	-	-	INDIVIDUALS	125 years from 20/01/2012	£200
Second	Residential	-	-	INDIVIDUAL	125 years from 25/11/2011	£200
Total Approximate Commercial Floor Area		118.36	(1,274)			£30,400

(1) For the year ending 29/02/2024 Specsavers Optical Superstores Limited reported a turnover of £2,741,687,000, a pre-tax profit of £323,660,000 and a net worth of £239,593,000 (NorthRow).
(2) The lease provides a tenant option to determine the lease on 24/06/2028 upon 6 months notice and subject to a break penalty of £7,500 if exercised.
N.B The floor areas stated above were agreed with landlord & tenant at lease renewal.

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.