Summary - 96, HIGH STREET SS1 1JN
1 bed 1 bath Retail Property (high street)
Occupied retail asset with immediate income in busy Southend trading location.
Let to The Perfume Shop on five-year FRI lease from 3 Mar 2023
A compact high-street investment in central Southend-on-Sea, let in full to a national occupier on a five-year FRI lease. The property comprises a ground-floor retail unit with two upper floors used for staff facilities and storage, offering clear, rentable vertical space in a busy pedestrianised retail parade.
The current lease commenced 3 March 2023 at £28,500 per annum exclusive and is FRI, providing a straightforward income stream with limited landlord responsibilities during the term. The building is a mid-century modern, three-storey structure with large street-facing windows and a practical concrete facade suited to continued retail use or conversion to alternative commercial uses subject to consents.
Buyers should weigh strong transport links, excellent mobile signal and fast broadband — attractive to occupiers — against significant local challenges: the area is classified as very deprived with very high crime levels. The small plot and absence of outdoor space limit expansion, and the lease expires March 2028.
This is most suitable for investors seeking an occupied, easy-to-manage high-street asset with immediate income and potential to relet or repurpose at lease expiry. Tenure is unknown and prospective purchasers should verify title, service arrangements and local market dynamics before bidding.
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