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100 High Street Southend, Essex SS1 1JN


GREGGS BAKER


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)(


LOT 11


HIGH STREET


100


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