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

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

Highly Reversionary Freehold Ground Rent Investment

Let to Markus Samuels on a 99 year lease until 23/06/2033
Valuable freehold reversion in approximately 17 years
Prominent position on pedestrianized High Street close to Southend Central Railway Station
Nearby occupiers include River Island, Boots Optician and Marks & Spencer
For the Seller's Legal Pack, please click the Property Documents tab below

Lot
32
Auction
19th May 2016
Rent
£266 per Annum Exclusive
Status
Sold
Price
£175,000
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG
On behalf of a Major Fund

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Highly Reversionary Freehold Ground Rent Investment

Let to Markus Samuels on a 99 year lease until 23/06/2033
Valuable freehold reversion in approximately 17 years
Prominent position on pedestrianized High Street close to Southend Central Railway Station
Nearby occupiers include River Island, Boots Optician and Marks & Spencer
For the Seller's Legal Pack, please click the Property Documents tab below

Lot 32
Auction 19th May 2016
Rent £266 per Annum Exclusive
Status Sold
Price £175,000
Sector
High Street Retail
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG
On behalf of a Major Fund

Property Information

Location

Miles: 20 miles south-east of Chelmsford, 40 miles east of Central London
Roads: A13, A127
Rail: Southend Central, Southend Victoria
Air: London Southend Airport

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, some 100 metres east of Southend Central Railway Station and 160 metres south of The Victoria Shopping Centre. The University of Essex Campus and South Essex College are some 50 metres to the rear of the property. Nearby occupiers include Barclays Bank, River Island, Boots Optician and Marks & Spencer.

Tenure

Freehold.

Location

Miles: 20 miles south-east of Chelmsford, 40 miles east of Central London
Roads: A13, A127
Rail: Southend Central, Southend Victoria
Air: London Southend Airport

Situation

Tenure

Freehold.

Description

The property comprises ground floor retail accommodation with ancillary accommodation on the first floor.

Six Week Completion

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 ground floor retail accommodation with ancillary accommodation on the first floor.

Six Week Completion

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 (Reversion)
Ground First	Retail Ancillary	83.00 sq m 53.42 sq m	(893 sq ft) (575 sq ft)	MARKUS SAMUELS (1)	99 years from 24/06/1934	£266	23/06/2033
Totals		136.42 sq m	(1,468 sq ft)			£266