77/83 High Street Southend On Sea Essex SS1 1HT

  • 77/83 High Street<br>Southend On Sea<br>Essex<br>SS1 1HT

77/83 High Street
Southend On Sea
Essex
SS1 1HT

Freehold Bank Investment

  • Entirely let to Lloyds Bank Plc on a new 10 year lease until 2025
  • Prominent corner location on pedestrianised High Street
  • Nearby occupiers include Marks & Spencer, McDonald’s, Greggs, Specsavers and KFC
  • Approximately 150 metres from The Royals Shopping Centre
  • Lot
    9
  • Auction
    11th December 2014
  • Rent
    £120,000 per Annum Exclusive
  • Status
    Withdrawn Prior
  • Price
     
  • Auction Venue
    The Millennium Hotel
    44 Grosvenor Square
    London W1K 2HP
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Freehold Bank Investment

  • Entirely let to Lloyds Bank Plc on a new 10 year lease until 2025
  • Prominent corner location on pedestrianised High Street
  • Nearby occupiers include Marks & Spencer, McDonald’s, Greggs, Specsavers and KFC
  • Approximately 150 metres from The Royals Shopping Centre
  • Lot 9
  • Auction 11th December 2014
  • Rent £120,000 per Annum Exclusive
  • Status Withdrawn Prior
  • Price  
  • Sector
    Bank
  • Auction Venue
    The Millennium Hotel
    44 Grosvenor Square
    London W1K 2HP

Property Information

Location
Miles
20 miles south-east of Chelmsford
41 miles south-west of Colchester
43 miles east of London
Roads
A1160, A13, A127
Rail
Southend Central Station
Air
London Southend Airport
Situation

The property is situated at the heart of Southend’s busy central shopping area in a prominent corner position on the pedestrianised High Street at its junction with Western Road. Southend Railway Station and the seafront are a short walk away with other nearby occupiers including Marks & Spencer, McDonald’s, Greggs, Specsavers and KFC.

Tenure

Freehold.

Location
Miles
20 miles south-east of Chelmsford
41 miles south-west of Colchester
43 miles east of London
Roads
A1160, A13, A127
Rail
Southend Central Station
Air
London Southend Airport
Situation

The property is situated at the heart of Southend’s busy central shopping area in a prominent corner position on the pedestrianised High Street at its junction with Western Road. Southend Railway Station and the seafront are a short walk away with other nearby occupiers including Marks & Spencer, McDonald’s, Greggs, Specsavers and KFC.

Tenure

Freehold.

Description

The property comprises a ground floor banking hall with basement ancillary accommodation and office/storage accommodation on first and second floors. In addition there is a single storey building to the rear currently trading as a café. There is a small enclosed courtyard to the rear of both units.

VAT

VAT is applicable to this lot.

Viewings

There will be block viewings for this property.
Interested parties must register their details with the Auctioneers and provide identification on site. Please contact Henry Wilkinson.
Telephone: +44 (0)20 7034 4861.

EPC

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

Description

The property comprises a ground floor banking hall with basement ancillary accommodation and office/storage accommodation on first and second floors. In addition there is a single storey building to the rear currently trading as a café. There is a small enclosed courtyard to the rear of both units.

VAT

VAT is applicable to this lot.

Viewings

There will be block viewings for this property.
Interested parties must register their details with the Auctioneers and provide identification on site. Please contact Henry Wilkinson.
Telephone: +44 (0)20 7034 4861.

EPC

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

Tenancy & Accommodation

Unit Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x Review/(Reversion)
77 High
Street		 Ground
Basement
First
Second		 Banking Hall/Ancillary
Ancillary
Offices/Storage
Offices
321.56 sq m
122.45 sq m
192.03 sq m
209.87 sq m
(3,461 sq ft)
(1,318 sq ft)
(2,067 sq ft)
(2,259 sq ft)
 LLOYDS
BANK PLC (1)		 10 years from completion
until January 2025 on a
full repairing and insuring
lease		 £120,000 January 2020
2 Weston
Road (2)		 Ground
Basement		 Retail
Storage
31.00 sq m
46.70 sq m
(334 sq ft)
(502.68 sq ft)
Totals
923.61 sq m
(9,941.68 sq ft)
     £120,000

(1) For the year ending 31st December 2013, Lloyds Bank plc reported a pre-tax profit of £894,000,000 and a net worth of £34,109,000,000.
(Source: www.riskdisk.com 03/11/2014)
(2)The unit to the rear of the bank known as 2 Weston Road has been sublet and currently trades as Café Noir.

Contacts

Acuitus
Henry WilkinsonHenry Wilkinson +44 (0)20 7034 4861 Henry.wilkinson@acuitus.co.uk
Seller's Solicitors
Hamlins LLP 287 Regents Street
London
W1B 2AD
Joseph Holder 0207 355 6112jholder@hamlins.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk
Property InsuranceBrown & BrownNatasha WardBroking Director+44 7545 208 759bbrown.com

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