329 Southchurch Road (A13) Southend-on-Sea Essex SS1 2PE

  • 329 Southchurch Road (A13)<br>Southend-on-Sea<br>Essex<br>SS1 2PE

329 Southchurch Road (A13)
Southend-on-Sea
Essex
SS1 2PE

Prominent Freehold Roadside Warehouse Investment

  • Two adjacent warehouses let to CIS (London) Limited (t/a Mr Clutch Autocentres) and Gymnastic Trust Limited (t/a Southend Gymnastics Centre)
  • Leases expire March 2026 (Mr Clutch Autocentres) and January 2039 (Southend Gymnastics Centre) - No breaks
  • Mr Clutch lease renewed in March 2021 - previous rent £43,500 p.a.x.
  • 11,168 sq ft on approximate site area of 0.2 hectares (0.5 acres)
  • Future Residential Redevelopment Potential (subject to leases and consents)
  • Prominent location on busy A13, 0.5 miles from Southend Victoria Station and Victoria Shopping Centre
  • In the same ownership for 15 years
  • Lot
    12
  • Auction
    16th February 2023
  • Rent
    £100,250 per Annum Exclusive
  • Status
    Sold Prior
  • Price
     
  • Sector
    Trade Counter
  • Auction Venue
    Live Streamed Auction
Important Update
  • Expand
  • Photos
  • Map

Prominent Freehold Roadside Warehouse Investment

  • Two adjacent warehouses let to CIS (London) Limited (t/a Mr Clutch Autocentres) and Gymnastic Trust Limited (t/a Southend Gymnastics Centre)
  • Leases expire March 2026 (Mr Clutch Autocentres) and January 2039 (Southend Gymnastics Centre) - No breaks
  • Mr Clutch lease renewed in March 2021 - previous rent £43,500 p.a.x.
  • 11,168 sq ft on approximate site area of 0.2 hectares (0.5 acres)
  • Future Residential Redevelopment Potential (subject to leases and consents)
  • Prominent location on busy A13, 0.5 miles from Southend Victoria Station and Victoria Shopping Centre
  • In the same ownership for 15 years
  • Lot 12
  • Auction 16th February 2023
  • Rent £100,250 per Annum Exclusive
  • Status Sold Prior
  • Price  
  • Sector
    Trade Counter
  • Auction Venue
    Live Streamed Auction

Property Information

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

The property is prominently situated on the north side of Southchurch Road (A13) in an established commercial location approximately 0.5 miles from Southend Victoria Station and Victoria Shopping Centre in Southend town centre.

Tenure

Freehold.

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

The property is prominently situated on the north side of Southchurch Road (A13) in an established commercial location approximately 0.5 miles from Southend Victoria Station and Victoria Shopping Centre in Southend town centre.

Tenure

Freehold.

Description

The property comprises two warehouses currently used for a tyre and exhaust centre and a gymnastics centre. The property benefits from parking to the front with a total site area of approximately 0.2 hectares (0.5 acres).

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

Band C

Description

The property comprises two warehouses currently used for a tyre and exhaust centre and a gymnastics centre. The property benefits from parking to the front with a total site area of approximately 0.2 hectares (0.5 acres).

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

Band C

Tenancy & Accommodation

Address Use Gross Internal Floor Areas
Approx sq m
Gross Internal Floor Areas
(Approx sq ft)
Tenant Term Rent p.a.x. Rent Review
Unit 1, 329 Southchurch Road Tyre & Exhaust Centre 518.19 (5,578) C.I.S (LONDON) LIMITED (1) (t/a Mr. Clutch Autocentre) 5 years from 08/03/2021
£55,250
-
Unit 2, 329 Southchurch Road Gymnasium 519.35 (5,590) GYMNASTIC TRUST LTD (2) (t/a Southend Gymnastics Centre) 20 years from 15/01/2019
£45,000
15/01/2024 and 5 yearly thereafter
Total   1,037.54 (11,168)    
£100,250
 

(1) C.I.S (London) Limited are involved in the manufacture and distributing of clutches and gearboxes to the motor trade. The company trades from over 40 sites in the UK as Mr Clutch Autocentres. For the year ending 31st December 2021, C.I.S. (London) Limited reported a turnover of £11,013,540, a pre-tax profit of £1,208,718 and a total net worth of £1,125,748 (www.northrow.com)
(2) www.southendgymnastics.com

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.

Property Documents

  • Brochure
    Updated Date
    27.01.23
    File Size
    4 MB
    View PDF
  • Common Auction conditions
    Updated Date
    20.05.24
    File Size
    620 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
Henry JohnHenry John +44 (0)20 7034 4860 +44 (0)7876 884 320henry.john@acuitus.co.uk
Seller's Solicitors
Bude Nathan Iwanier LLP 1-2 Temple Fortune Parade, Bridge Lane
London
NW11 0QN
Vivian Vernick 020 8209 2446vv@bnilaw.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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