Withdrawn
Withdrawn Prior
Sold
Sold Prior
Sold Post
The property comprises three prominent high street retail units with substantial upper parts used as office space.
The property is fully let to the well known high street brands of Greggs, Boots Opticians and Cardzone, whilst the upper parts, arranged over first and second floors are let to Coach Direct, ADR Group and a Private Individual. The total aggregate annual rent is £176,950 per annum.
Situated a short walking distance from Rayleigh Rail Station, the property occupies a prominent position on the High Street, enjoying high footfall. Nearby occupiers include Costa, Tesco and Pizza Express
The property includes substantial upper parts (4,260 sq ft), which are let on three separate leases and predominantly used as office space. However, there may be potential for conversion to alternative uses subject to the existing leases and any requisite consents.
The property benefits from a rear service yard and car parking from Websters Way and the principal town centre car park is also directly to the rear of the property.
Tenure
Freehold
Planning
Whilst there are no extant planning consents, the upper parts may be suitable for conversion to alternative uses, including residential (subject to existing leases and any requisite consents)
To this end, plans have been drawn up for a potential conversion to provide 10 residential units. These can be provided upon request.
Rent
Notes
Please note Savills Auctions have not inspected the property. Any drawings, plans, areas and photographs are for illustrative purposes only and purchasers should rely on their own enquiries.