This property is no longer on the market
Retail property (high street)
Property description & features
- Tenure: Leasehold
- Retail (A1)
- 1194 Approx Sq Ft
- Leasehold
Established some 30 years ago and in the same hands now for the last 15 years. In a sought after location in this affluent part of Southend at Thorpe Bay. Busy Broadway location close to the Station and amongst a number of household trading names including Tesco, Nisa, & Costa Coffee. Suitable for a variety of alternative Retail uses.
Rooms
Location
In an affluent location and surrounded by both corporate and independent retailers. The Broadway is a very well regarded trading location and opportunities of this type are not often brought to the market. The main shopping area is surrounded by houses (mainly built in the 1920s) in a grid pattern. Thorpe Bay railway station is the penultimate station on the London, Tilbury and Southend Railway line served by c2c from London Fenchurch Street (the last being Shoeburyness railway station). Consequently, a large number of residents commute to London. Thorpe Bay boasts one of the main golf clubs in Southend-on-Sea, the Thorpe Hall Golf Club. Thorpe Bay Bowling Club and Lawn Tennis Club are located on the north side of the B1016.
Property
The main retail space offers approx. 480 sq.ft. leading to some 700 sq.ft. of storage space, including a 150 sq.ft. cold room. Toward the rear, a small kitchen with adjoining WC, and next to that a small Office. Rear covered area and access to 2 single garages served by a rear access road.
Turnover
The accounts of the business for the year ended 30th November 2021 show sales of £260,688.
Hours
Monday to Saturday 7am till 5pm, and Sundays 8am till 1pm.
Tenure
Leasehold. Granted for 15 years from January 2021, subject to 5 yearly rent reviews.
Current Rent
£17,500 for the year ending January 2024, rising to £20,000pa for the following 2 years.
Business Rates
The 2017 valuation describes the property as Shop & Premises with a value of £16,250, resulting in rates payable of approx. £8,125pa.
Property information from this agent
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