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Status Withdrawn Post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
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.
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)
