SS1 11 High Street, Southend on Sea

REDUCED TO SELL - Ground floor retail unit occupied by Betfred, arranged predominantly open plan with sales area, staff facilities and male and female public WCCCs. Access is by virtue a front entrance on High Street albeit there is also a fire exit to the rear of the premises providing means of escape onto the side elevation on Richmond Avenue. The ground floor is let to Betfred on a Full Repairing and Insuring (FRI) Lease for a term of 15 years from 25th March 2004. The Tenants have protection under the 1954 Act and are therefore holding over at a rental of £32,500.00 p.ax. The lease provides for upwards only rent reviews in June 2009 and 2014.

The premises is situated towards the Southern end of the High Street close to ittts junction with Pier Hill/Royal Terrace. Southend Central Station is 0.2 miles/5 minutes walk to the North of the demise. Notable occupiers nearby include the British Heart Foundation, Toni & Guy, and Boots Chemist.

8.13% gross yield at asking