Entirely let to Southend Fish Bar Limited (t/a Royal Fish & Chips) until April 2031
Town centre location
Situated on prominent pedestrianised High Street
Directly opposite The Royals Shopping Centre
Nearby occupiers include H & M, BHS, Boots, Monsoon, Superdrug and Santander
Six Week Completion
Lot 37
Auction 23rd May 2013
Rent £45,000 per Annum Exclusive
Status Sold
Price £374,000
Sector High Street Retail
Auction Venue The Dorchester Hotel Park Lane Entrance Mayfair London W1K 1QA
On behalf of Joint Fixed Charge Receivers, Jones Lang LaSalle
Property Information
Location
Miles
20 miles south-east of Chelmsford
41 miles east of Central London
Roads
A1160, A13, A127
Rail
Southend Central Rail
Air
London Southend Airport
Situation
The property is situated in a prominent location on the western side of the pedestrianised High Street within Southend on Sea town centre. The Royals Shopping Centre is situated directly opposite the property and houses retailers such as Debenhams, Boots, Tesco, Costa Coffee and Primark. Other nearby occupiers include H & M, BHS, Monsoon, Superdrug and Santander.
Tenure
Freehold.
Location
Miles
20 miles south-east of Chelmsford
41 miles east of Central London
Roads
A1160, A13, A127
Rail
Southend Central Rail
Air
London Southend Airport
Situation
The property is situated in a prominent location on the western side of the pedestrianised High Street within Southend on Sea town centre. The Royals Shopping Centre is situated directly opposite the property and houses retailers such as Debenhams, Boots, Tesco, Costa Coffee and Primark. Other nearby occupiers include H & M, BHS, Monsoon, Superdrug and Santander.
Tenure
Freehold.
Description
The property comprises a ground floor retail unit with basement ancillary accommodation, kitchen/restaurant accommodation on first floor and second floor office accommodation.
NB. The two adjacent properties, 21 High Street and 23 High Street are being offered as Lot 28 and Lot 47 in this catalogue.
Note
The property is being marketed for sale on behalf of Joint Fixed Charge Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The Joint Fixed Charge Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a ground floor retail unit with basement ancillary accommodation, kitchen/restaurant accommodation on first floor and second floor office accommodation.
NB. The two adjacent properties, 21 High Street and 23 High Street are being offered as Lot 28 and Lot 47 in this catalogue.
Note
The property is being marketed for sale on behalf of Joint Fixed Charge Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The Joint Fixed Charge Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reviews
Ground Basement First Second
Retail Ancillary Restaurant/Kitchen Office
56.00 sq m 50.70 sq m 54.00 sq m 39.40 sq m
(603 sq ft) (546 sq ft) (581 sq ft) (424 sq ft)
SOUTHEND FISH BAR LIMITED (t/a Royal Fish & Chips)
25 years from 18/04/2006 until 17/04/2031 on a full repairing and insuring lease
£45,000
18/04/2010 (1) and 5 yearly
Totals
200.10 sq m
(2,154 sq ft)
£45,000
(1) As far as the Seller is aware, the 2010 rent review is outstanding.
