£1,045,000 Per Annum FOR SALE

High Street, Southend on Sea, SS1 1JF

6,084 Sq Ft (565 Sq M) | Investment - Retail

Key features

  • Rental Income £80,000 per annum exclusive
  • Prime Location
  • Total Area of 6,085 Sq Ft
  • Close to Southend Central Railway Station
  • Extensive Fit Out By Tenant

Full description

The property has been let to Wendys on a 15 year lease from 01/04/2024 at a rent of £80,000 per annum with reviews at 31 March 2029 and 2034 (Tenant Break 2034). The ground floor consist of 4,110 sq ft and basement level of 1,975 sq ft. Let on a 999 year peppercorn rent. Extensive fit out undertaken by Tenant.

Location
The premises are situated in a prominent location at the southern end of the High Street where footfall is high. Nearby occupiers include, Marks and Spencers, Yours Clothing, Shoezone, Lloyds Bank, Hays Travel, Boots, Waterstones, KFC, Taco Bell, McDonalds, Patisserie Valerie, Clarks, Primark, Superdrug, H&M and Greggs.

Accomodation
The premises have been measured on a net internal basis. Ground Floor: 4,110 Sq Ft 381.83 Sq M Basement: 1,975 Sq Ft 183.47 Sq M

Price
£1,045,000 for the long leasehold interest with a 999 year lease.

Legal costs
Each party to be responsible for their own legal costs.

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