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Retail Units & Shops

Essex

Southend-on-Sea

property

Let

This property is part of an unsponsored shopping centres scheme and therefore has limited information. To find out the benefits on scheme sponsorship click here.

Unit 16 The Royals Shopping Centre, Southend-on-Sea, SS1 1DQ

Use Class

Size

2,778 sq ft

Rent pa

£32,500

Market Sector

Shopping Centre

Description

The centre is anchored by Debenhams, Primark, TK Maxx and Boots, with other occupiers including H&M, Tesco, Poundland, Vision Express, Toni & Guy, Pandora and Animal.

The Royals Shopping Centre is the principal shopping centre serving Southend-on-Sea and anchors the southern section of the pedestrianised High Street. The centre comprises a covered shopping centre which extends to 284,959 sq ft with an adjoining 450 space multi-storey car park.

Location

The subject shop fronts the centre’s main atrium and immediately

adjoins TK Maxx and the main access to the centre’s car park.

Key Information

Viewing

Strictly by appointment.

Legal

Each party to be responsible for their own legal costs incurred in this transaction.

Accommodation

2,778 Sq.Ft

The shop unit is arranged on ground floor only is ‘L’ shaped with a main sales area and an adjacent area (15’ 9” x 91’ 6”) capable of sales or storage use. It is a shell unit with a hoarded shop front which will require fitting out.

Areas

Sq.Ft

Sq.M

Gross Frontage

20.3

1.88

Net Frontage

19.5

1.81

Ground Floor Main Sales

1,255

116.58

Ground Floor Sales/Store

1,484

137.86

Downloads

Brochure

Unit 16, The Royals Shopping Centre - Brochure 1

Financial

Lease Type

New Lease

Lease Term

The shop is available to be let as a whole (2,739 sq ft) or as a smaller unit (to be agreed) on a new effectively full repairing and insuring lease is available for a term of years to be agreed, subject to five yearly upward-only rent reviews.

Rent

Subject to contract, rental offers are invited in the region of £32500 per annum exclusive of rates, service charge, VAT (if applicable) and all other outgoings.

Rates

We are advised by the Local Rating Authority that the premises have been assessed for rating purposes as follows: Rateable Value to be assessed UBR 49.3p Rates Payable (2015/2016) TBC Interested parties are encouraged to verify this information with Southend-on-Sea Borough Council.

Service Charge

The service charge for the year 2015/16 is estimated at £22,555 pa plus insurance of £258 pa (excl. VAT).

Tenure

Leasehold

This Property is Part of a Shopping Centre

The Royals Shopping Centre

The Royals Shopping Centre is the principal shopping centre serving Southend-on-Sea and anchors the southern section of the pedestrianised High Street. The Centre comprises a covered shopping centre which extends to 282,000 sq ft with an adjoining 426 space multi-storey car park. Keys retailers in The Royals include Boots, TK Maxx, Tesco, Costa Coffee, Toni & Guy, Pandora, Vision Express and Poundland

Douglas StevensLunson MitchenallJackson Criss

Disclamier

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.