Freehold Retail Investment with Active Management Potential
Let to Countrywide Estate Agents T/A Bairstow Eves
Residential development potential (subject to consents)
Active Management Potential
Includes Car parking to the rear
Nearby occupiers include Greggs, Pizza Hut delivery, Subway, TSB Bank and Sainsbury's.
Lot 1
Auction 23rd September 2020
Rent £7,500 per Annum Exclusive
Status Sold
Price £168,000
Sector High Street Retail
Auction Venue Live Streamed Auction
Property Information
Location
Miles
35 miles east of Central London
7 miles west of Southend-on-Sea
15 miles south of Chelmsford
Roads
High Road (B1006), A13, A127, A130. M25
Rail
Benfleet Rail Station
Air
London Southend Airport,
London Stansted Airport,
London City Airport
Situation
The property is situated in a prominently residential area on the west side of the busy High Road (B1006), less than a mile north of Benfleet railway station. Nearby occupiers include Co-op Food, Greggs, Pizza Hut delivery, Subway, TSB Bank and Sainsbury's.
Tenure
Freehold.
Location
Miles
35 miles east of Central London
7 miles west of Southend-on-Sea
15 miles south of Chelmsford
Roads
High Road (B1006), A13, A127, A130. M25
Rail
Benfleet Rail Station
Air
London Southend Airport,
London Stansted Airport,
London City Airport
Situation
The property is situated in a prominently residential area on the west side of the busy High Road (B1006), less than a mile north of Benfleet railway station. Nearby occupiers include Co-op Food, Greggs, Pizza Hut delivery, Subway, TSB Bank and Sainsbury's.
Tenure
Freehold.
Description
The property comprises ground floor retail accommodation with ancillary accommodation on the first floor. The property benefits from on site car parking at the rear. The property may be suitable for residential conversion of the upper parts and additional development to the rear of the property (subject to consents) .
VAT
VAT is not applicable to this lot.
Completion Period
Six Week Completion
EPC
See legal pack.
Description
The property comprises ground floor retail accommodation with ancillary accommodation on the first floor. The property benefits from on site car parking at the rear. The property may be suitable for residential conversion of the upper parts and additional development to the rear of the property (subject to consents) .
VAT
VAT is not applicable to this lot.
Completion Period
Six Week Completion
EPC
See legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reversion
Ground First
Retail Ancillary
53.80 sq m 38.7 sq m
(579 sq ft) (416 sq ft)
COUNTRYWIDE ESTATE AGENTS (1) t/a BairstowEves)
5 years from 08/03/2014 on a full repairing and insuring lease. (2)
£7,500
Holding Over
Total
92.50 sq m
(995 sq ft)
£7,500
(1) Countrywide is the UKs largest and most successful estate agency and property services group with 850 branches across the UK (Source: www.countrywide.co.uk 30/07/2020). (2) The tenant has been in occupation of the property since at least 1999.
If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
