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Large Lock-Up Shop in Central Clacton

  • Located in a prominent location in Clacton town centre.
  • Net Retail Area 2,208 sq. ft. (205.1 sq. m).
  • Further accommodation on ground/first floor may be available.
  • Commencing rent £40,000 p.a.x.

TO BE LET

Additional Information

Property Location

22-24, HIGH STREET, CLACTON-ON-SEA CO15 1NR
Property Specification
Location

The premises are located in High Street, in the heart of Clacton-on-Sea's town centre. The property lies adjacent to the town's Post Office, and close to Sainsbury's supermarket, the main retail area lying just a short distance to the west in Pier Avenue/Station Road/Rosemary Road. the town has a wide range of shops and there is also a factory outlet development on the outskirts of town.

The town is a popular seaside resort, and the seafront and pier are within a quarter of a mile. The town also has a railway station which joins the Norwich to London (Liverpool Street mainline at Colchester.

Description

The property comprises a large showroom, previously three smaller shops knocked into one larger unit. There is a fully glazed display window with central entrance doors, and the shop is mainly in one area, with some ancillary/storage accommodation to the rear, together with staff room and WC. To the rear is a passageway with pedestrian access from Rosemary Road, and beyond the passageway is a separate building (not currently in our client's ownership) where there is potential to lease some additional accommodation. This area is considered suitable for storage or car parking, and is accessed from a service road running between Rosemary and Beach Roads.

The first floor comprises 3 self-contained flats with their own entrance door from High Street - once again, this area (some 1,356 sq. ft.) could be made available to the tenant of the ground floor shop, subject to the agreement of terms.

Accommodation

Shop Width                      50/6.

Shop Depth                      49/3.

NET RETAIL AREA 2,208 SQ. FT. (201.1 SQ. M)


Tenure


The property is offered on a new full repairing and insuring lease (via a service charge) for a term to be agreed, with landlords' upward-only rent reviews at 3 yearly intervals. The commencing rent will be £40,000 per year, exclusive of VAT, rates and all outgoings. The service charge will cover the costs of the repair and maintenance of the exterior of the property.


Energy Performance Certificate


The property has an EPC rating of B - 39, assessed in May 2019, a copy is available on request.


Rateable Value


The property appears in the 2017 Rating List, as Shop and Premises, with a rateable value of £27,250.


Viewing


For further information or to arrange a viewing, please contact Jon Ablewhite at this office, (01206) 5050707 or jon@mrallp.co.uk .

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  • "We have acted alongside Peter Riches of Morley Riches and Ablewhite for a number of years for a mutual client which is a major national landowner. Peter is sharp and incisive and a pleasure to deal with and we value the expertise and commitment he brings to transactions. We look forward to continuing to work with Morley Riches and Ablewhite in the future."
    Anthony Alderman, Partner of Bond Dickinson LLP
  • "Morley Riches & Ablewhite have managed two of our multi-let office investments since 2008.  We have always been completely satisfied with their performance and feel comfortable that our tenants are in safe hands.  Rents are always collected promptly and accounted to us accurately.  Service charge accounts are always well maintained and presented to our tenants. We have also instructed Peter Riches to undertake a range of professional work on other properties in our portfolio including valuations, rent reviews, records of condition and schedules of dilapidation.  Again, we have always been pleased with the outcome and as a result have been happy to recommend him to other property owners known to us."
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Telephone 01206 505707

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