Prominently situated on the pedestrianised High Street
Fixed Rental Increases in 2015 and 2016
Directly opposite The Royals Shopping Centre
Nearby occupiers include H & M, BHS, Boots, Monsoon, Superdrug and Santander
Six Week Completion
Rent rising to £22,500 p.a.x. in 2015 and £25,000 p.a.x. in 2016
Lot 28
Auction 23rd May 2013
Rent £20,000 per Annum Exclusive
Status Sold Prior
Price
Sector High Street Retail
Auction Venue The Dorchester Hotel Park Lane Entrance Mayfair London W1K 1QA
On Behalf of Joint Fixed Charge Receivers
Property Information
Location
Miles
20 miles south-east of Chelmsford, 41 miles east of Central London
Roads
A1160, A13, A127
Rail
Southend Central Rail
Air
London Southend Airport
Situation
The property is situated in a prominent location on the western side of the pedestrianised High Street within Southend on Sea town centre. The Royals Shopping Centre is situated directly opposite the property and houses retailers such as Debenhams, Boots, Tesco, Costa Coffee and Primark. Other nearby occupiers include H & M, BHS, Monsoon, Superdrug and Santander.
Tenure
Freehold.
Location
Miles
20 miles south-east of Chelmsford, 41 miles east of Central London
Roads
A1160, A13, A127
Rail
Southend Central Rail
Air
London Southend Airport
Situation
The property is situated in a prominent location on the western side of the pedestrianised High Street within Southend on Sea town centre. The Royals Shopping Centre is situated directly opposite the property and houses retailers such as Debenhams, Boots, Tesco, Costa Coffee and Primark. Other nearby occupiers include H & M, BHS, Monsoon, Superdrug and Santander.
Tenure
Freehold.
Description
The property comprises a ground floor retail unit with storage accommodation on first, second and third floors.
Note
The property is being marketed for sale on behalf of Joint Fixed Charge Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The Joint Fixed Charge Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.
NB. The two adjacent properties, 21 High Street and 25 High Street are being offered as Lot 37 and Lot 47 in this catalogue.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a ground floor retail unit with storage accommodation on first, second and third floors.
Note
The property is being marketed for sale on behalf of Joint Fixed Charge Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The Joint Fixed Charge Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.
NB. The two adjacent properties, 21 High Street and 25 High Street are being offered as Lot 37 and Lot 47 in this catalogue.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Review
Ground First Second Third
Hairdressing Salon Storage Storage Storage
71.14 sq m 48.53 sq m 44.70 sq m 37.26 sq m
(766 sq ft) (522 sq ft) (481 sq ft) (401 sq ft)
SALON.SOUTHEND LIMITED (t/a Love Ur Hair) (1)
10 years from 18/04/2013 until 17/04/2023 on a full repairing and insuring lease (2) (3)
£20,000
18/04/2018
Totals
201.63 sq m
(2,170 sq ft)
£20,000 (rising to £22,500 in 2015 and £25,000 in 2016)
(1) Love Ur Hair Salon Group has branches in Southend on Sea, Colchester, Ipswich, Basildon and Bromley (www.loveurhair.co.uk 29/04/2013) (2) The lease provides a tenant only option to determine on the fifth anniversary of the lease, subject to 6 months notice. (3) The lease is subject to a schedule of condition.
