185 / 187 High Street Southend Essex SS1 1LL

185 / 187 High Street
Southend
Essex
SS1 1LL

Freehold Retail Investment

Entirely let to Holland & Barrett Retail Limited until 2022
Well located on pedestrianised High Street close to Victoria Shopping Centre
Nearby occupiers include WH Smith, HMV, JD Sports, McDonald’s, Metro Bank, Topshop/Topman, Superdrug and Costa
Between Southend Victoria and Southend Central Rail Stations
Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>

Lot
22
Auction
10th December 2015
Rent
£95,000 per Annum Exclusive
Status
Sold
Price
£1,160,000
Auction Venue
Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG
On Behalf of Metfriendly

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Freehold Retail Investment

Entirely let to Holland & Barrett Retail Limited until 2022
Well located on pedestrianised High Street close to Victoria Shopping Centre
Nearby occupiers include WH Smith, HMV, JD Sports, McDonald’s, Metro Bank, Topshop/Topman, Superdrug and Costa
Between Southend Victoria and Southend Central Rail Stations
Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>

Lot 22
Auction 10th December 2015
Rent £95,000 per Annum Exclusive
Status Sold
Price £1,160,000
Sector
High Street Retail
Auction Venue
Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG
On Behalf of Metfriendly

Property Information

Location

Miles: 20 miles south-east of Chelmsford, 41 miles south-west of Colchester, 43 miles east of London
Roads: A13, A127, A130, M25 (Junction 29)
Rail: Southend Central and Southend Victoria Railway Stations
Air: Southend Airport

Situation

The property is situated in the heart of Southend’s busy central shopping area in a prominent position on the western side of the pedestrianised High Street, close to its junction with Queens Road and Southchurch Road. Nearby occupiers include WH Smith, HMV, JD Sports, McDonald’s, Topshop/Topman, Superdrug, Clintons, Burger King and Costa. The property is also close to The Victoria Shopping Centre which houses retailers including Next, Boots the Chemist, New Look, Argos, Starbucks and Metro Bank.

Tenure

Freehold.

Location

Miles: 20 miles south-east of Chelmsford, 41 miles south-west of Colchester, 43 miles east of London
Roads: A13, A127, A130, M25 (Junction 29)
Rail: Southend Central and Southend Victoria Railway Stations
Air: Southend Airport

Situation

Tenure

Freehold.

Description

The property comprises a ground floor retail unit with ancillary accommodation on the first and second floors.

Six Week Completion

Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.

VAT

VAT is applicable to this lot.

EPC

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

Description

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	Retail/Ancillary Ancillary Ancillary	173.72 sq m 55.74 sq m 73.85 sq m	(1,870 sq ft) (600 sq ft) (795 sq ft)	HOLLAND & BARRETT RETAIL LIMITED (1)	20 years from 29/09/2002 until 2022 on a full repairing and insuring lease	£95,000	29/09/2017
Totals		303.31 sq m	(3,265 sq ft)			£95,000

(1) Holland & Barrett is the UK and Europe's leading retailer of vitamins, minerals and herbal supplements and operate over 620 stores throughout the UK and Ireland. (Source: www.hollandandbarrett.com). For the year ending 30/09/2014, Holland & Barrett Retail Limited reported a turnover of £368,823,000, pre-tax profits of £89,463,000 and a total net worth of £260,473,000. (Source: www.riskdisk.com 21/08/2015)