121 High Street Southend-on-Sea Essex SS1 1LH

121 High Street
Southend-on-Sea
Essex
SS1 1LH

Freehold Ground Rent Investment

Let to Markus Samuels on a 99 year lease until 23/06/2033
Valuable freehold reversion in under 20 years
Nearby occupiers include Thomson Travel Agency, Santander Bank, River Island and The Carphone Warehouse
The adjoining properties no. 123 and 125 are being sold as Lots 31 and 27 in this auction

Lot
20
Auction
13th February 2014
Rent
£266 per Annum Exclusive
Status
Withdrawn Post
Price
Auction Venue
The Millennium Hotel
44 Grosvenor Square
London W1K 2HP
On behalf of a Major Fund

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Freehold Ground Rent Investment

Let to Markus Samuels on a 99 year lease until 23/06/2033
Valuable freehold reversion in under 20 years
Nearby occupiers include Thomson Travel Agency, Santander Bank, River Island and The Carphone Warehouse
The adjoining properties no. 123 and 125 are being sold as Lots 31 and 27 in this auction

Lot 20
Auction 13th February 2014
Rent £266 per Annum Exclusive
Status Withdrawn Post
Price
Sector
Ground Rent
Auction Venue
The Millennium Hotel
44 Grosvenor Square
London W1K 2HP
On behalf of a Major Fund

Property Information

Location

Miles: Chelmsford 20 miles, London 43 miles
Roads: A1160, A13, A127
Rail: Southend Central 0.2 miles
Air: London Southend Airport 3 miles

Situation

The property is situated at the heart of Southend’s busy central shopping area in a prominent position on the west side of the pedestrianised High Street opposite its junction with Whitegate Road. Nearby occupiers include Thomson Travel Agency, Santander Bank, River Island and The Carphone Warehouse as well as many other well known high street retailers.

Tenure

Freehold.

Location

Miles: Chelmsford 20 miles, London 43 miles
Roads: A1160, A13, A127
Rail: Southend Central 0.2 miles
Air: London Southend Airport 3 miles

Situation

Tenure

Freehold.

Description

The property comprises a traditional two storey retail property with retail sales to the ground floor and ancillary and storage to the first floor.

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 traditional two storey retail property with retail sales to the ground floor and ancillary and storage to the first floor.

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	Reversion
Ground First	Retail/Ancillary Ancillary	83.00 sq m 37.20 sq m	(893 sq ft) (400 sq ft)	MARKUS SAMUELS (1)	99 years from 24/06/1934	£266	23/06/2033
Totals		120.20 sq m	(1,293 sq ft)			£266

(1) The property is sub-let to Aurum Group Limited on a 4 year lease until 16th June 2016 at £30,000 pa. For the year ending 03/02/2013, Aurum Group Limited reported a turnover of £314,619,000, pre-tax profits of £15,132,000 and a total net worth of £71,483,000. (Source: www.riskdisk.com 16/01/2014)