Withdrawn
Withdrawn Prior
Sold
Sold Prior
Sold Post
The property comprises three prominent high street retail units with substantial upper parts.
The property is fully let to the well known high street brands of Natwest, Clarks and Cancer Research producing a total aggregate income of £131,400 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, Boots, Clarks and Barclays.
The property includes substantial upper parts (2,208 sq ft), which are let on a separate lease to Natwest and used as office space, staff areas and storage. However, there may be potential for conversion to alternative uses subject to the existing leases and any requisite consents. There may also be the possibility to add an additional floor given the height of surrounding properties (subject to obtaining the requisite consents).
The property benefits from a large rear service yard with car parking accessed from Websters Way and the principal town centre car park is also directly to the rear of the property.
Tenure
Freehold
Tenancy
Please see the tenancy schedule and legal pack for more information.
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 six residential units. These can be provided upon request.
There may also be opportunity to create an additional floor given the height of the adjacent property and the remainder of the high street.
Any planning potential is subject to the existing leases and any other requisite consents.
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.