Berrys Arcade, High Street, Rayleigh, Essex, SS6 7EQ
- PROPERTY TYPE
Commercial Property
- SIZE
Ask agent
Key features
- Freehold
- Due the the nature of the shopping parade we request that all viewings are to be arranged via the Auctioneer so that the local businesses are not disrupted
Description
COMMERCIAL INVESTMENT: A FREEHOLD BUILDING WITH AN ESTABLISHED SHOPPING ARCADE AND OFFICES ABOVE PRODUCING AN INCOME OF OVER £90,000 PER ANNUM
A freehold shopping arcade with eleven shops and seven offices producing an annual income of £90,450. With two of the shops have been sold on long leases of 999 years. The property is situated at the top end of the busy Rayleigh High Street, nearby retailers include, M&S, various coffee shops and numerous other independent sole traders with Rayleigh Railway Station offering direct links to London Liverpool Street.
Berry's arcade has been a family run business for number of years and is located on Rayleigh High street. The building is made up of 11 shops and 7 office suits over two floors with a mixture of long term tenants and a new start up businesses.
Rayleigh is a busy town with an array of Restaurants, bars and coffee shops along with notable businesses such as Halifax,Marks & Spencer food hall, Specsavers, Papa Johns, and Prezzo. Rayleigh Railway Station with Trains into London Liverpool Street is within walking distance of the parade.
Shop 1: £7,000 PA - two year lease from 24-01-24
Shop 2: £7,000 PA - two year lease from 25.03.24
Shop 3: £6,500 PA - two year lease from 20.10.23
Shop 4: £7,000 PA - one year lease from 02.01.24
Shop 5: £7,000 PA - two year lease from 14.07.23
Shop 6: £7,000 PA - two year lease from 14.07.23
Shop 7: £7,000 PA - two year lease from 24.06.22
Shop 8: £8,000 PA - two year lease from 24.06.22
Shop 9: £5 per Annum Ground Rent
Shop 10: £9,500 PA - two year lease from 23.03.23
Shop 12/14: £5 per Annum Ground Rent
Office Suite 1: £4,400 PA - two year lease from 24.01.24
Office Suite 2: £4,650 PA - two year lease from 24.01.24
Office Suite 3: £3,500 PA - two year lease from 20.05.22
Office Suite 4: £2,500 PA - Rolling over
Office Suite 5: £4,500 PA - two year lease from 24.06.23
Office suite 6: £2,400 PA - two year lease from 29.09.23
Office Suite 7: £2,500 PA - two year lease from 25.03.24
Total income £90,450 PA
Nos 9 & 12-14 are subject to a long lease of 999 years from 22nd January 1985 with a ground rent income of £5 per annum.
For any planning enquiries please contact Rochford Council on
It is considered that the property offers potential for future development subject to the relevant planning consents.
C
Brochures
Legal DocumentsEnergy Performance Certificates
EPC 1Berrys Arcade, High Street, Rayleigh, Essex, SS6 7EQ
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Rayleigh Station0.3 miles
- Hockley Station2.5 miles
- Battlesbridge Station3.1 miles
About the agent
Dedman Gray Auction, Essex
103 The Broadway, Thorpe Bay, Essex, SS1 3HQ
Dedman Gray Auction Ltd are based in Thorpe Bay in Southend on Sea, Essex and are firmly established as one of the top 20 UK national auctioneers, holding regular land and property auctions.
Buying or selling land and property at auction is ideal if you wish to remove the uncertainties of the normal selling process. A sale by public auction demonstrates the best possible price has been obtained taking into consideration market conditions and the position and repair of the property. Dedm
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Notes
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