Arranged over ground, basement and upper parts, the ground floor offers well configured sales accommodation with a rear stairwell providing access to the basement, first and second floor ancillary areas. The upper parts are largely unused by the existing occupier and may lend to future residential conversion, subject to planning and vacant possession.
( Agency Pilot Software Ref: 26144 )
Location
Southend on Sea is a major seaside resort and commuter town and represents one of the major commercial hubs in Essex. It is located 40 miles East of Central London. The subject property is situated on High Street opposite it's junction with Weston Road, occupying a prime pitch close to occupiers such as McDonalds, Specsavers and Marks and Spencer
Accommodation
Ground Floor 250.46 Sq. m (2,696 Sq. ft)
First Floor 237.73 Sq. m (2,559 Sq. ft )
Second Floor 79.99 Sq. m (861 Sq. ft)
Basement 73.11 Sq. m (787 Sq. ft)
Total 641.29 Sq. m (6,903 Sq. ft)
Terms
EPC An EPC has been commissioned and is awaited.
Lease The entire property is currently leased to 'Yours Clothing Limited' on a 20 year effective FRI lease, which commenced 25th March 2006, subject to 5 yearly upward only OMV rent reviews. There is a tenant only break clause due 25th March 2021 and the current passing rent is £XXX per annum exclusive
Covenant ‘Your Clothing Limited’ are a fashion retailer specialising in plus size fashion with approximately 135 UK stores. For the 53 weeks ending 3 Feb ’19, the business reported total revenue of £XXXM and pre-tax profits of £XXXM
Rates Zero payable until 1st April 2021 due to the Government Covid-19 tax break. Prior to that the VOA website shows a Rateable Value of £XXX and for rates payable from 1st April 2021 please refer to the Local Charging Authority, Southend on Sea Borough Council - 01702 215001.