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/Builders Merchants
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)
(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.
-128x72.JPG)
-128x72.JPG)
-128x72.GIF)
.JPG){kind=link}
.JPG){kind=link}
.GIF){kind=link}
