Licence No. PU1000017316 from Experian Goad, Hatfield Herts. For identification purposes only – please see title documentation.
Extract reproduced from 1998 Edition of the Goad Plan
Location Estimated District Population: 160,000 Miles: 12 miles south-east of Basildon 20 miles south-east of Chelmsford 41 miles south-west of Colchester
Roads: A13, A127, M25 Rent £75,000 pa
Prime Freehold Retail Investment • Entirely let to Greggs plc
• New 10 year lease from June 2011 (no breaks)
• 2 flats above (included in the lease)
• Prominent pedestrianised location in popular Essex seaside town
• Close to Marks & Spencer and McDonald’s
• 6Week Completion Available 20
The Special Conditions of Sale and a legal pack are available from the Seller’s Solicitors and are available online at www.cbre.co.uk/auctions. Seller’s Solicitor Carson McDowell. t: 0289 024 4951. e: rosemary.carson@carson-mcdowell.com Ref: Mrs R Carson.
Present Accommodation (approximate areas) Floor
Accommodation
Ground Part First Part First/Second
Sales/Ancillary Ancillary Understood to comprise Two 1 Bedroom Flats
Total Commercial Area
Position The property is located in a prime pedestrianised location on High Street close to its junction with Whitegate Road and opposite Southend Central Rail Station.
Nearby: Marks & Spencer, McDonald’s, Specsavers, Boots Opticians, Currys Digital, KFC, T-Mobile, River Island, H Samuel and branches of the main banks.
Description SHOP arranged on the ground floor and self-contained residential accommodation arranged on the first and second floors.
Tenure Freehold.
Tenant GREGGS PLC (1)
Lease Term: 10 years from 24th June 2011 Basis: FRI Rent: £75,000 per annum Review: 2016 Expiry: June 2021
VAT is applicable to this lot – please see Special Conditions of Sale.
Net Internal Areas
125.41 sq m 8.36 sq m –
133.77 sq m
(1,350 sq ft) (90 sq ft) (–)
(1,440 sq ft)
(1) t/a Greggs, who for the year to 01/11 reported a turnover of £662.3 million, pre-tax profits of £52.5 million and a net worth of £175.8 million. (Source: One Source One-Stop Report)(