Commercial property for sale in Southend-on-Sea

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For Sale

Southend-on-Sea, GB

Unit, 123-127 The Broadway Thorpe Bay, Southend-on-Sea SS1 3EX

197 m²

commercial

2026-04-18

Price

€525,000

€2,664.97 / m²

More details

Description

This Property is located In the highly sought-after location of Thorpe Bay. It is situated close to Thorpe Bay train Station and a short distance from the Sea Front. The property has undergone extensive refurbishment by the current tenant Medivet Group LTD including an extension to the rear. The Property is let on a 15 year lease expiring March 2039 at a passing rent of £35,000 Per Annum. There is a tenant break on the 10th Year and 5 Yearly upward only rent reviews. First rent review in line with CPI with cap and collar of 4% and 2% respectively. Second rent review is upaward only to open market rent. Tenant works are to be disregarded. Within the Freehold is also included. 125 The Broadwway with lease expiring 30th November 2183, peppercorn ground rent. Flat 2, part second and part third floor at 125 The Broadway with lease expiring 4th August 2145 Ground Rent £100.00 Per Annum Until August 2045 £150.00 Per Annum Until August 2070 £200.00 Per Annum Until August 2095 £250.00 Per Annum for the remainder of the term Planning Reference: 23/01439/FUL

Commercial property for sale in Southend-on-Sea, England

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Description

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