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Unit 16 The Royals Shopping Centre, Southend-on-Sea, SS1 1DQ
Use Class
E
Size
2,778 sq ft
Rent pa
£32,500
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.
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.
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
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 22/09/2023