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Canvey Road Canvey Road, Canvey Island, SS8 0QA
Agents
Smith Price RRG
Jim Moloney
Use Class
E
Size
1,863 sq ft
Rent pa
£29,250
Description
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 with Marks & Spencer, Costa, B&M, Sports Direct and 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. The property is in a shell condition and has never been occupied.
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 at a rental of £29,250 pax. There is a fixed uplift of 12.5% in year 10 of the lease. VAT is payable on the rental.
Rent
There is a fixed uplift of 12.5% in year 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
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.
All data ©2024 Completely Property Technology Limited
This was last updated on 05/09/2024