ENTER Prime A3 Investment For Sale
LOCATION The building is located in a prominent position within the High Street of the popular seaside destination of Southend-on Sea, home to over 174,000 residents (according to the 2011 Census) and receiving millions of visitors each year. Southend Victoria National Rail station is approximately 0.4 miles north of the property (with a regular Greater Anglia service from Stratford, London which takes approximately 49 minutes) and the main tourist attraction of Southend Pier is approximately 0.5 miles to the south. Southend Central rail station is within a 2 minute walk (approximate journey times according to National Rail on c2c trains are 30 minutes to Upminster, London and 55 minutes to London Fenchurch Street). The main arterial road into the area is the A127 which links to the M25, A13 and A12. Local occupiers include The Body Shop, Miss Selfridge, Café Nero and Halifax, as well as many other independent retailers and restaurants. DESCRIPTION The property is arranged over three floors and basement with a ground floor doublefronted A3 commercial unit and ancillary space on the upper floors. May be suitable for a variety of other uses, subject to the appropriate consents being obtained. Approximate existing sizes are as follows: Ground Floor: First Floor: Second Floor: Internal Width: Shop Depth: 2,745 square feet (255 square metres) 808 square feet (75 square metres) 788 square feet (73 square metres) 29 feet (8.8 metres) 69 feet 3inches (21.12 metres) The estimated rental value of the ground floor is 50,000 per annum, based on recent comparable evidence from a smaller unit next door with A3 use, which let this year for 45,000 per annum. Measurements are approximate and for indicative purposes only and should not be relied upon. We make no guarantee or warrantee as to the accuracy of these details. You are advised to conduct your own independent investigation regarding the existing and proposed layout of the property and the permitted uses the building currently has or will be granted.
EXISTING S: Floor plans and areas are for indicative purposes only and should not be relied upon. We make no guarantee or warrantee as to the accuracy and the scale of the plans. You are advised to conduct your own independent investigation regarding the existing and proposed layout of the property.
Prominent three-storey building measuring 4,341 square feet (403.3 square metres) A3 use with ancillary space upstairs Excellent location on the High Street Smaller A3 unit next door let for 45,000 per annum (ground floor only) Excellent yield potential. Freehold.
TERMS Offers are invited for 750,000 for the freehold interest, subject to contract. TENURE The freehold interest is be sold with full vacant possession. BUSINESS RATES The payable amount is 33,278 based on a rateable value of 67,500 at UBR of 49.3 p/. VAT We understand the building is elected for VAT. VIEWINGS Viewings are strictly through sole agent Harston&Co, by appointment only. LEGAL COSTS Each party to be responsible for their own legal costs. CONTACT Atlantic Business Centre 1 The Green Chingford London E4 7ES Nick Harston 020 3371 0061 nick@harstonandco.co.uk Erkut Enver 020 3371 0061 erkut@harstonandco.co.uk Subject to contract and exclusive of VAT Harston&Co on its behalf and for the vendors or lessors of this property whose agents they are, give notice that: The particulars within this document are for general guidance only and do not constitute any part of an offer or contract for sale or lease. Any statements or representations should not be relied upon as fact, and any interested parties should satisfy themselves as to the accuracy of any statement. Unless otherwise stated, all prices and rents are exclusive of VAT and are subject to change. Harston&Co is the trading name of Harston Property Ltd registered in England No: 10618714.