Neighbouring occupiers include Sue Ryder, Boots Pharmacy, Natwest, Subway and Nationwide
Lot 14
Auction 11th February 2021
Rent £25,000 per Annum Exclusive
Status Sold
Price £485,000
Sector Bank
Auction Venue Live Streamed Auction
On Instructions of a Major Fund Manager
Property Information
Location
Miles
35 miles east of Central London
2 miles west of Southend-on-Sea
16 miles south of Chelmsford
Roads
A13, A127, A13, M25
Rail
Leigh-on-Sea Railway Station
Air
London Southend Airport, London Stansted Airport
Situation
Leigh-on-Sea is a popular tourist destination and important commercial town located 35 miles east of Central London and 16 miles south of Chelmsford. The property is prominently located on the north side of the busy Broadway. Neighbouring occupiers include Sue Ryder, Boots Pharmacy, NatWest, Subway and Nationwide.
Tenure
Freehold.
Location
Miles
35 miles east of Central London
2 miles west of Southend-on-Sea
16 miles south of Chelmsford
Roads
A13, A127, A13, M25
Rail
Leigh-on-Sea Railway Station
Air
London Southend Airport, London Stansted Airport
Situation
Leigh-on-Sea is a popular tourist destination and important commercial town located 35 miles east of Central London and 16 miles south of Chelmsford. The property is prominently located on the north side of the busy Broadway. Neighbouring occupiers include Sue Ryder, Boots Pharmacy, NatWest, Subway and Nationwide.
Tenure
Freehold.
Description
The property comprises a ground floor bank with first floor ancillary accommodation.
VAT
VAT is not applicable to this lot.
Completion Period
Six Week Completion
EPC
Band C. See legal pack at www.acuitus.co.uk
Description
The property comprises a ground floor bank with first floor ancillary accommodation.
VAT
VAT is not applicable to this lot.
Completion Period
Six Week Completion
EPC
Band C. See legal pack at www.acuitus.co.uk
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reversion
Ground First
Banking Hall Ancillary
135.46 sq m 22.50 sq m
(1,458 sq ft) (242 sq ft)
SANTANDER UK PLC (1)
5 years from 25/12/2020 (2) on a full repairing and insuring lease
£25,000
24/12/2025
Total
157.96 sq m
(1,700 sq ft)
£25,000
(1) For the year ending 31st December 2019, Santander UK PLC reported a turnover of £7,224,000,000, a pre-tax profit of £1,012,000,000 and shareholders funds of £15,857,000,000 (Source: NorthRow 19/01/2021). (2) There is a 3 month rent free period from 25/12/20. The Seller will top up the rent from completion of the sale until expiry of the rent free period, by way of an allowance on completion of the sale.
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.
Contacts
Seller's Solicitors
Addleshaw Goddard LLP One St Peter's Square Manchester M2 3DE
