FOR SALE Development Opportunity - Rapleys
FOR SALE Development Opportunity rapleys.com 0370 777 6292
CONTACT
Alun Jones 07917 536612 | [email protected]
53-57 Sutton Road Southend-on-Sea SS2 5PE
Mixed use retail and residential opportunity (STP) 0.37 hectare (0.91 acre) Prominent corner position on Sutton Road, with return frontage onto Guildford Road Offers invited for freehold; with leaseback opportunity for ground floor
FOR SALE Development Opportunity rapleys.com 0370 777 6292
CONTACT
Alun Jones 07917 536612 | [email protected]
53-57 Sutton Road Southend-on-Sea SS2 5PE
Location The property is located on the west side of Sutton Road (B1015) which provides direct access to the Queensway roundabout (A13).
Planning A pre-app meeting has been held with Southend-on-Sea Borough Council and a copy of the council’s response is available upon request.
Southend Victoria Train Station is located circa 0.4 mile to the southwest and the High Street is a further circa 0.2 mile beyond. Journey time via rail is approx. 1hr 10m to London Fenchurch Street.
Interested parties are advised to make their own planning enquiries in respect of the site.
Southend-on-Sea has a residential population of circa 173,600 (2011 Census). Description The 0.37 hectare (0.91 acre) site comprises a three storey building and associated surface level car parking. The building fronts onto Sutton Road and comprises a Co-op food store at ground floor. The first and second floors are currently vacant. The car park and service yard is located to the rear of the store accessed directly from Guildford Road. Sutton Road comprises a mix of uses however the surrounding area is largely residential. It is not within a conservation area and the building is not listed, however, interested parties should satisfy themselves on the site and building’s current status. Tenure and Deal Structure The site is available freehold however the Co-op would like to retain an option to occupy any ground floor retail unit provided as part of the scheme. It is envisaged that the site will accommodate a mixed use development with retail at ground floor and residential above. Some indicative schemes have been drawn up for the purposes of a pre-application submission and these are available in the information pack. The Co-op propose to take a leasehold interest of a food store in the ground floor comprising approximately 7,000 sq ft GIA. Detailed lease terms would need to be agreed but the standard lease term is 15 years with five yearly rent reviews.
EPC Energy Performance Asset Rating: D.
FOR SALE Development Opportunity rapleys.com 0370 777 6292
CONTACT
Alun Jones 07917 536612 | [email protected]
53-57 Sutton Road Southend-on-Sea SS2 5PE
Offers We are seeking subject to planning offers for the freehold interest. Offers should be submitted on two bases: a) Assuming the Co-op take a leaseback on the ground floor b) Assuming the Co-op do not take a leaseback on the ground floor Closing date for offers is 12 noon on Friday 10 July 2015. VAT All figures quoted are exclusive of Value Added Tax which will be charged at the prevailing rate. Viewing The site is visible and accessible from the main road and informal inspections can be undertaken on this basis. Access to the rear of the store and upper floors is available by appointment through sole agents. Information Pack Further information is available upon request including copies of initial sketch layouts, pre-application submissions and additional technical information and reports. Rapleys LLP is registered as a Limited Liability Partnership in England and Wales. Registration No: OC308311. Registered Office at Falcon Road, Hinchingbrooke Business Park, Huntingdon, PE29 6FG. Regulated by RICS. Any maps are for identification purposes only and should not be relied upon for accuracy. Reproduced by permission of Geographers A-Z Map Co. Ltd. Licence No. A0203. This product includes mapping data licensed from Ordnance Survey - © Crown Copyright 2001. Licence No. 100017302 and © Crown Copyright, All rights reserved. Licence No. ES 100004619. Misrepresentation Act: These particulars are produced in good faith and believed to be correct. Neither Rapleys, their joint agents (where applicable) or their client guarantees their accuracy and they are not intended to form any part of a contract. No person in the employment of Rapleys or their joint agents has authority to give any representation or warranty in respect of this property. All prices or rents are quoted exclusive of VAT. These particulars were produced in May 2016.
CONTACT
Alun Jones 07917 536612 | [email protected]
53-57 Sutton Road Southend-on-Sea SS2 5PE
Mixed use retail and residential opportunity (STP) 0.37 hectare (0.91 acre) Prominent corner position on Sutton Road, with return frontage onto Guildford Road Offers invited for freehold; with leaseback opportunity for ground floor
FOR SALE Development Opportunity rapleys.com 0370 777 6292
CONTACT
Alun Jones 07917 536612 | [email protected]
53-57 Sutton Road Southend-on-Sea SS2 5PE
Location The property is located on the west side of Sutton Road (B1015) which provides direct access to the Queensway roundabout (A13).
Planning A pre-app meeting has been held with Southend-on-Sea Borough Council and a copy of the council’s response is available upon request.
Southend Victoria Train Station is located circa 0.4 mile to the southwest and the High Street is a further circa 0.2 mile beyond. Journey time via rail is approx. 1hr 10m to London Fenchurch Street.
Interested parties are advised to make their own planning enquiries in respect of the site.
Southend-on-Sea has a residential population of circa 173,600 (2011 Census). Description The 0.37 hectare (0.91 acre) site comprises a three storey building and associated surface level car parking. The building fronts onto Sutton Road and comprises a Co-op food store at ground floor. The first and second floors are currently vacant. The car park and service yard is located to the rear of the store accessed directly from Guildford Road. Sutton Road comprises a mix of uses however the surrounding area is largely residential. It is not within a conservation area and the building is not listed, however, interested parties should satisfy themselves on the site and building’s current status. Tenure and Deal Structure The site is available freehold however the Co-op would like to retain an option to occupy any ground floor retail unit provided as part of the scheme. It is envisaged that the site will accommodate a mixed use development with retail at ground floor and residential above. Some indicative schemes have been drawn up for the purposes of a pre-application submission and these are available in the information pack. The Co-op propose to take a leasehold interest of a food store in the ground floor comprising approximately 7,000 sq ft GIA. Detailed lease terms would need to be agreed but the standard lease term is 15 years with five yearly rent reviews.
EPC Energy Performance Asset Rating: D.
FOR SALE Development Opportunity rapleys.com 0370 777 6292
CONTACT
Alun Jones 07917 536612 | [email protected]
53-57 Sutton Road Southend-on-Sea SS2 5PE
Offers We are seeking subject to planning offers for the freehold interest. Offers should be submitted on two bases: a) Assuming the Co-op take a leaseback on the ground floor b) Assuming the Co-op do not take a leaseback on the ground floor Closing date for offers is 12 noon on Friday 10 July 2015. VAT All figures quoted are exclusive of Value Added Tax which will be charged at the prevailing rate. Viewing The site is visible and accessible from the main road and informal inspections can be undertaken on this basis. Access to the rear of the store and upper floors is available by appointment through sole agents. Information Pack Further information is available upon request including copies of initial sketch layouts, pre-application submissions and additional technical information and reports. Rapleys LLP is registered as a Limited Liability Partnership in England and Wales. Registration No: OC308311. Registered Office at Falcon Road, Hinchingbrooke Business Park, Huntingdon, PE29 6FG. Regulated by RICS. Any maps are for identification purposes only and should not be relied upon for accuracy. Reproduced by permission of Geographers A-Z Map Co. Ltd. Licence No. A0203. This product includes mapping data licensed from Ordnance Survey - © Crown Copyright 2001. Licence No. 100017302 and © Crown Copyright, All rights reserved. Licence No. ES 100004619. Misrepresentation Act: These particulars are produced in good faith and believed to be correct. Neither Rapleys, their joint agents (where applicable) or their client guarantees their accuracy and they are not intended to form any part of a contract. No person in the employment of Rapleys or their joint agents has authority to give any representation or warranty in respect of this property. All prices or rents are quoted exclusive of VAT. These particulars were produced in May 2016.
