Boots Opticians Ltd, 77-79 Pier Avenue, Clacton-on-sea
Size
3,515
Tenure
Freehold
EPC
Parking
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- Primary use
- Other
No floor / site plan
Key features
- High Yielding Retail Investment
- Retail Unit and Upper Parts
- Fully Let to Boots
- Renewed Five Year Lease Expiring 18.09.2030
- Long Standing Occupiers of 15+ Years
- Upper Parts Unused By Tenant
- Development Potential (subject to consents)
- 3,515 sq ft (326.51 sq m)
- Prominent HIgh Footfall Pitch
- Investment Let at £28,570 p.a. (11.4% GIY on Guide Price)
Description
Arranged across ground and two upper floors, the property is fully let to Boots, long-standing tenants of 15+ years, on a recently renewed five year lease expiring 18.09.2030 and paying £28,570 per annum
We understand the tenant does not utilise the upper floors, and therefore we consider there may be conversion/development potential to the upper parts (subject to the existing lease and any requisite consents).
The property occupies a prominent pitch fronting Pier Avenue, the principal and partically pedestrianised retail street within Clacton on Sea. The surrounding area is characterised by national retailers including McDonalds, Costa and New Look.
- Service charge
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- Business rates
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- Use class
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- Listed building
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An Energy Performance certificate helps you understand the current energy efficiency of a property.
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- BREEAM rating
Unclassified
- Environmental description
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Brochure
Boots Opticians Ltd, 77-79 Pier Avenue, Clacton-on-sea
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