8 to 10 West Avenue Clacton on Sea Essex CO15 1QR

8 to 10 West Avenue
Clacton on Sea
Essex
CO15 1QR

Freehold Retail Investment

Let to Individuals (t/a Bakehouse) and Clacton Vaping Limited (t/a Vaporever) until 2027 and 2030
No Break Clauses
Central Location in Popular London Commuter Town
VAT free
Nearby occupiers include Argos, Poundland, McDonald's, Superdrug, Travelodge and Premier Inn

Lot
49
Auction
21st September 2023
Rent
£27,000 per Annum Exclusive
Status
Withdrawn Post
Price
Auction Venue
Live Streamed Auction

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Freehold Retail Investment

Let to Individuals (t/a Bakehouse) and Clacton Vaping Limited (t/a Vaporever) until 2027 and 2030
No Break Clauses
Central Location in Popular London Commuter Town
VAT free
Nearby occupiers include Argos, Poundland, McDonald's, Superdrug, Travelodge and Premier Inn

Lot 49
Auction 21st September 2023
Rent £27,000 per Annum Exclusive
Status Withdrawn Post
Price
Sector
High Street Retail
Auction Venue
Live Streamed Auction

Property Information

Location

Miles: 16 miles south-east of Colchester, 70 miles north-east of Central London
Roads: A12, A120, A133
Rail: Clacton-on-Sea Railway Station
Air: London Stansted Airport

Situation

Clacton-on-Sea is a popular seaside town on the coast of Essex, it boasts a wide range of entertainment landmarks including a pleasure pier, arcades, the Princes and the West Cliff Theatres, a golf course and many more sea front based activities.
The property is located in the town centre on West Avenue near its junction with Station Road and Pier Avenue, some 200m from the Marine Parade and Clacton Pier. Clacton-on-Sea Railway Station is some 600m to the north. Nearby occupiers include Argos, Poundland, McDonald's, Superdrug, Travelodge and Premier Inn.

Tenure

Freehold.

Location

Miles: 16 miles south-east of Colchester, 70 miles north-east of Central London
Roads: A12, A120, A133
Rail: Clacton-on-Sea Railway Station
Air: London Stansted Airport

Situation

Tenure

Freehold.

Description

The property comprises two self contained retail units on the ground floor each with ancillary accommodation in the basement. The three upper floors comprise four flats that are accessed from the rear of the property.

VAT

VAT is not applicable to this lot.

Completion Period

Six week completion

EPC

Retail unit No 8 = "C" and Retail unit no 10 = "D"

Description

VAT

VAT is not applicable to this lot.

Completion Period

Six week completion

EPC

Retail unit No 8 = "C" and Retail unit no 10 = "D"

Tenancy & Accommodation

Address	Floor	Use	Floor Areas Approx sq m (1)	Floor Areas Approx sq ft (1)	Tenant	Term	Rent p.a.x.	Rent Review (Reversion)
8 West Avenue	Ground Basement	Retail Ancillary	52.30 -	(563) (-)	INDIVIDUALS (t/a The Bakehouse)	15 years from 11/08/2015	£14,500	25/03/2024 and 3 yearly (11/08/2030)
10 West Avenue	Ground Basement	Retail Ancillary	56.41 34.14	(607) (367)	CLACTON VAPING LIMITED (CRN:10447377:t/a Vaporever) (2)	10 years from 01/12/2017	£12,500	(01/12/2027)
8-10 West Avenue	First Second Third	4 x Residential Flats	-	(-)	SAE PROPERTY LIMITED (CRN: 08679491) (3)	999 years from 29/09/2015	Peppercorn	-
Total Approximate Commercial Floor Area			142.85	(1,537)			£27,000

(1) The floor areas stated above are those published by the Valuation Office Agency (https://www.tax.service.gov.uk/business-rates-find/results)
(2) Vaporever specialise in selling e-cigarettes and operate out of four stores around Essex (www.vaporever.co.uk)
(3) The head lease for the residential upper parts will be made available to the Buyer for a nominal sum after completion of the sale subject to the service of the notices required under section 5a of the Landlord & Tenant Act 1987.

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.