267 London Road Hadleigh Essex SS7 2BN

267 London Road
Hadleigh
Essex
SS7 2BN

High Yielding Retail Investment

Recently renewed 5-year lease to Savers Health and Beauty Limited
Lease expires November 2028 (subject to option)
Approximately 5,000 sq ft
Prominent town centre location
Nearby occupiers include Lidl, Morrisons, Iceland Supermarket, McDonald's, Domino's, Costa Coffee and Boots Pharmacy
VAT-free investment

Lot
21
Auction
15th February 2024
Rent
Gross: £26,000 per Annum Exclusive
Status
Sold
Price
£261,000
Auction Venue
Live Streamed Auction

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High Yielding Retail Investment

Recently renewed 5-year lease to Savers Health and Beauty Limited
Lease expires November 2028 (subject to option)
Approximately 5,000 sq ft
Prominent town centre location
Nearby occupiers include Lidl, Morrisons, Iceland Supermarket, McDonald's, Domino's, Costa Coffee and Boots Pharmacy
VAT-free investment

Lot 21
Auction 15th February 2024
Rent Gross: £26,000 per Annum Exclusive
Status Sold
Price £261,000
Sector
High Street Retail
Auction Venue
Live Streamed Auction

Property Information

Location

Miles: 4 miles west of Southend-on-Sea, 36 miles east of Central London
Roads: A13, A127, A130, M25 (Junction 29)
Rail: Leigh-on-Sea & Benfleet Train Stations
Air: London Southend Airport, London City Airport

Situation

The property is prominently situated on the north side of London Road (A13), close to its junction with Rectory Road, in the heart of Hadleigh town centre. Nearby occupiers include Lidl, Morrisons, Iceland Supermarket, McDonald's, Domino's, Costa Coffee and Boots Pharmacy.

Tenure

Leasehold. for a term of 99 years from 24th June 1956 at a fixed ground rent of £100 per annum.

Location

Miles: 4 miles west of Southend-on-Sea, 36 miles east of Central London
Roads: A13, A127, A130, M25 (Junction 29)
Rail: Leigh-on-Sea & Benfleet Train Stations
Air: London Southend Airport, London City Airport

Situation

Tenure

Leasehold. for a term of 99 years from 24th June 1956 at a fixed ground rent of £100 per annum.

Description

The property comprises a large shop arranged on the ground and first floors.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

See Legal Pack

Description

The property comprises a large shop arranged on the ground and first floors.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

See Legal Pack

Tenancy & Accommodation

Floor	Use	Floor Areas Approx sq m	Floor Areas (Approx sq ft)	Tenant	Term	Rent p.a.x.
Ground First	Retail/Ancillary Ancillary	263.37 201.12	(2,835) (2,165)	SAVERS HEALTH AND BEAUTY LIMITED (1)	5 years from 17/11/2023 (2) on a full repairing and insuring lease	£26,000
Total		464.49	(5,000)			£26,000

(1) For the year ending 31/12/2022, Savers Health and Beauty Limited reported a turnover of £672,630,000, a pre-tax profit of £47,019,000 and a net worth of £55,058,000 (www.northrow.com)
(2) The lease is subject to a tenant option to determine on 17/11/2026.

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.