|Deal type||Vacant possession
|Size (GIA)||4,341 sq ft
Prime double fronted retail unit with two floors of ancillary space above.
Planning application submitted for A3 use on the ground floor.
Planning application submitted for a conversion of the upper parts to HMO use.
Agreement in principle in place with an HMO operator to lease the upper parts for £50,000 pa subject to planning.
Excellent yield potential.
The building is located in a prominent position within the High Street of the popular seaside destination of Southend-on Sea, home to over 174,000 residents (according to the 2011 Census) and receiving millions of visitors each year. Southend Victoria National Rail station is approximately 0.4 miles north of the property (with a regular Greater Anglia service from Stratford, London which takes approximately 49 minutes) and the main tourist attraction of Southend Pier is approximately 0.5 miles to the south, which leads to increased footfall through this main retail promenade. Southend Central rail station is within a 2 minute walk (approximate journey times according to National Rail on c2c trains are 30 minutes to Upminster, London and 55 minutes to London Fenchurch Street). The main arterial road into the area is the A127 which links to the M25, A13 and A12. Local occupiers include The Body Shop, Miss Selfridge, Café Nero and Halifax, as well as many other multiples (situated mainly in the Royal Shopping Centre located approximately 0.3 miles further south on the same High Street) and independent retailers and restaurants.
Local authority: Southend-On-Sea Borough Council
* All sizes GIA
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London Southend 2.4m, London City 28.4m
Southend Central 0.1m, Southend Victoria 0.3m, Prittlewell 0.9m
Shenfield 17.7m, Brentwood 18.5m, Ockendon 18.2m
We understand the building is elected for VAT
Prime retail investment for sale with planning submitted to convert the upper floors to HMO use.
Subject to contract and exclusive of VAT
Harston&Co on its behalf and for the vendors or lessors of this property whose agents they are, give notice that:
The particulars within this document are for general guidance only and do not constitute any part of an offer or contract for sale or lease.
Any statements or representations should not be relied upon as fact, and any interested parties should satisfy themselves as to the accuracy of any statement.
Unless otherwise stated, all prices and rents are exclusive of VAT and are subject to change.
Harston&Co is the trading name of Harston Property Ltd registered in England No: 10618714.