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11-12 Eastern Esplanade
1,216 SF of Assignment Available in Southend On Sea SS1 2ER
ASSIGNMENT HIGHLIGHTS
- Southend-on-Sea Location
- Moments from the sea front
- Prime location
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| Ground | 1,216 SF | Oct 2032 | $25.02 /SF/YR $2.09 /SF/MO $30,429 /YR $2,536 /MO | Fully Repairing & Insuring |
Ground
Offered to let by way of lease assignment with 8 years remaining on a 10 year FRI agreement from October 2022. The annual rent is set at £24,200 plus VAT. A onetime premium payment of £125,000 is required for the Fixtures and Fittings and the trading name. A deposit equivalent to three months' rent is required, as well as a contribution towards the Building's Insurance. Rent payments are paid quarterly in advance.
- Use Class: E
- Assignment space available from current tenant
- Fully Built-Out as a Restaurant or Café Space
- Kitchen
- Energy Performance Rating - D
- Demised WC facilities
- Display Window
- £125k Premium to include fixtures and fitting
- High volumes of passing trade & seasonal tourism
- 10 year lease from Oct 2022
Service Types
The rent amount and service type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The service type will vary depending upon the services provided. Contact the listing broker for a full understanding of any associated costs or additional expenses for each service type.
1. Fully Repairing & Insuring: All obligations for repairing and insuring the property (or their share of the property) both internally and externally.
2. Internal Repairing Only: The tenant is responsible for internal repairs only. The landlord is responsible for structural and external repairs.
3. Internal Repairing & Insuring: The tenant is responsible for internal repairs and insurance for internal parts of the property only. The landlord is responsible for structural and external repairs.
4. Negotiable or TBD: This is used when the leasing contact does not provide the service type.
PROPERTY FACTS FOR 11-12 EASTERN ESPLANADE , SOUTHEND ON SEA, ESS SS1 2ER
| Total Space Available | 1,216 SF | Gross Leasable Area | 1,216 SF |
| Property Type | Retail | Year Built | 1900 |
| Property Subtype | Storefront Retail/Residential |
| Total Space Available | 1,216 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Residential |
| Gross Leasable Area | 1,216 SF |
| Year Built | 1900 |
ABOUT THE PROPERTY
This property comprises a three-storey building of masonry construction, offering retail space on the ground floor and residential accommodation on the upper floors. The property is situated on Eastern Esplanade Road in Southend-on-Sea, a resort town on the Thames Estuary in Essex, southeast England. The diner benefits from fronting a large public pay and display car park and is a short walk from Jubilee Beach.
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11-12 Eastern Esplanade
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