Retail premises for sale in The Broadway, Thorpe Bay, Essex SS1

Description:
This commercial property, combining retail and office spaces, is strategically situated in the highly sought-after Thorpe Bay Broadway. Its proximity to Thorpe Bay train station and the scenic seafront enhances its appeal and footfall.

The property features a meticulously designed ground-floor office space, characterised by impeccable wooden flooring, refined fixtures, and a prominent glass-fronted façade. Upon entry into the main room, an adjoining kitchenette/staff area, an additional office space, and well-appointed restroom facilities. Notably, the property includes a basement area designated for storage, conveniently accessed via an internal staircase.

Towards the rear of the property lies a separate office area, currently unoccupied, offering the potential for independent leasing. This opportunity also benefits from planning permission for the development of two residential apartments above.

Accommodation

The premises have been measured on a Net Internal (NIA) basis and the following approximate floor areas calculated:

127 The Broadway
Grd Floor Front 568 sq ft (52.76 sq ms)
Basement 485 sq ft (45.08 sq ms)

123 The Broadway
Rear Office 277 sq ft (25.73 sq ms)
Courtyard - Unmeasured

Rental Opportunity

Presently, the basement and ground floor office of 127 The Broadway is occupied by Home Estate Agents. It is estimated that the front section has the capacity to command an annual rental income of up to £25,000, subject to mutually agreed terms. Similarly, the rear office of 123 The Broadway suite possesses the potential to generate an annual rental income of £10,000, resulting in a combined projected income of £35,000 per annum.

The freehold also includes a flat which has been sold on a long lease of 125 years from 5th August 2020 and includes another commercial lease of approx. 61 years unexpired with 3 underleases.

Terms

We are instructed to seek offers in the region of £500,000 (Five Hundred Thousand Pounds) for the freehold interest.

Planning

Interested parties are recommended to make their own enquiries with the Local Planning Authority (Southend City Council – to ensure that any proposed use is in accordance with the current planning policy.

Business Rates

127 The Broadway appears on the 2023 Rating List as Shop & Premises with an adopted ratable value of £15,250

Energy Performance Certificate

Will be available for inspection upon request.

Viewing Arrangements

Strictly via prior appointment with Dedman Gray Commercial.

For further information or to arrange a viewing contact:
Ryan Jones T: E: