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Canvey Road Canvey Road, Canvey Island, SS8 0QA

£ 26,000 pa / 1,863 sq ft
Canvey Road, Canvey Island - Picture
Use Class

Use Class

E

Size

Size

1,863 sq ft

Rent pa

Rent pa

£26,000

New build retail unit adjacent to Co-Op. The property occupies a prominent location forming part of the redevelopment of the landmark King Canute Public House. The adjoining property is now occupied by Co-Op. There is a Londis opposite and a number of local occupiers in the vicinity. The new Canvey Island Retail Park development is close by and will be opening shortly with pre-lets agreed to Marks & Spencer, Costa, B&M and Sports Direct to adjoin a 70,000 sq.ft. Morrisons.

Accommodation

1,863 Sq.Ft

The premises are arranged on ground floor only and benefits from 15 dedicated parking spaces.

Dimensions
Feet
Metres
Gross Frontage
34
10.4
Internal Width (max)
34
10.4
Depth
56
17.1
Areas
Sq.Ft
Sq.M
Ground Floor
1,863
173

Financial

Lease Type

Existing Lease

Lease Term

The property is held on a full repairing and insuring lease for a term of 15 years from July 2018.

Rent

There are fixed uplifts of 12.5% in years 5 and 10 of the lease. VAT is payable on the rental.

Rates

Rates payable may be subject to transitional relief and interested parties are advised to make their own enquiries to the Business Rates Department of Castle Point Borough Council – Tel: 01268 882 233.

Incentive

A rent-free period is available to a suitable assignee or prospective sub-tenant subject to covenant status.

Tenure

Leasehold

Rates

Rateable Year:
2020
Rateable Value:
£27,500.00

Misrepresentation Notice

All the above information and descriptions (whether in the text, plans or photographs) are given in good faith but should not be relied upon as being a statement of representation or fact. Any areas, measurements or distances referred to are approximate only.

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This was last updated on 08/11/2023