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Unit, 123-127 The Broadway Thorpe Bay, Southend-on-Sea SS1 3EX

£525,000

£247.64 per sq ft

Business rates & charges may apply

Ayers & Cruiks, Southend
SIZE AVAILABLE

2,120 sq ft

197 sq m

SECTOR

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Floor/Site plan 1
1

Key features

  • Let To Medivet Group LTD
  • £35,000 Per Annum Exclusive
  • 15 Year Lease
  • Freehold For Sale
  • Offers In The Region Of £525,000

Description

This Property is located In the highly sought-after location of Thorpe Bay. It is situated close to Thorpe Bay train Station and a short distance from the Sea Front.

The property has undergone extensive refurbishment by the current tenant Medivet Group LTD including an extension to the rear. The Property is let on a 15 year lease expiring March 2039 at a passing rent of £35,000 Per Annum.

There is a tenant break on the 10th Year and 5 Yearly upward only rent reviews. First rent review in line with CPI with cap and collar of 4% and 2% respectively. Second rent review is upaward only to open market rent. Tenant works are to be disregarded.

Within the Freehold is also included.

125 The Broadwway with lease expiring 30th November 2183, peppercorn ground rent.
Flat 2, part second and part third floor at 125 The Broadway with lease expiring 4th August 2145

Ground Rent

£100.00 Per Annum Until August 2045
£150.00 Per Annum Until August 2070
£200.00 Per Annum Until August 2095
£250.00 Per Annum for the remainder of the term

Planning Reference: 23/01439/FUL

Brochures

Unit, 123-127 The Broadway Thorpe Bay, Southend-on-Sea SS1 3EX

Approximate location
Open mapStreet View

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Thorpe Bay Station0.1 miles
  • Southend East Station1.3 miles
  • Shoeburyness Station1.5 miles

About Ayers & Cruiks, Southend

86 - 88 Baxter Avenue, Southend-On-Sea, SS2 6HZ

Established in 1997 Ayers & Cruiks have grown to become the areas largest firm of Residential and Commercial Property Managers, Chartered Surveyors and Commercial Estate Agents. We manage a large portfolio of residential flats, houses and commercial units situated throughout the South East of Essex priding ourselves on client service and professional advice.

Notes

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Disclaimer - Property reference 117361. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Ayers & Cruiks, Southend. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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