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
Notes
Disclaimer - Property reference 248238. 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 Dedman Gray Auctions, Essex. 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.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Dedman Gray Auctions, Essex on 01702 311010.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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