£1,400,000

Property for sale

  1.  55 & 55A High Street, Rayleigh, Essex, Ss6 7Ew
  2.  55 & 55A High Street, Rayleigh, Essex, Ss6 7Ew
  3.  55 & 55A High Street, Rayleigh, Essex, Ss6 7Ew
  4.  55 & 55A High Street, Rayleigh, Essex, Ss6 7Ew
Auction

From

£1,400,000

Property for sale

High Street, Rayleigh SS6

Local area information

Property location

Nearby amenities

  • The FitzWimarc School 0.2 miles
  • Rayleigh Primary School 0.3 miles
  • Rayleigh 0.3 miles
  • Hockley 2.5 miles

These distances are calculated in a straight line. The actual route and distance may vary.

Features and description

  • High Yielding Retail Investment Opportunity
  • Let to Savers and Holland & Barrett
  • WAULT of Approximately Five Years
  • Producing £144,400 per annum
  • 20,489 sq ft (1,903 sq m)
  • Substantial Upper Parts Offer Medium/Long Term Development Potential (stp)
  • High Footfall High Street Location
  • Guide Price Reflects a Gross Yield of 10.3%
Strapline

Auction Sale - 10/10/2023

High Yielding Retail Investment

High Street Retail Property Let to Savers and Holland & Barrett

Producing £144,400 per annum with a WAULT of approx 5 years

Medium/Long Term Development Potential

Description

The property comprises two prominent high street retail units with substantial associated upper parts.

The property is fully let to Savers and Holland & Barrett producing a total income of £144,400 with an unexpired lease term of approximately five years.

Situated a short walking distance from Rayleigh Rail Station, the property occupies a prominent position on the High Street, enjoying high footfall. Nearby occupiers include Costa, Boots, Clarks and Barclays.

Both units include substantial upper parts (12,335 sq ft across both units), which are used by the tenants as ancillary space, staff areas and storage. However, there may be potential for conversion to alternative uses subject to the existing leases and any requisite consents.

The property benefits from rear service access from Websters Way and the principal town centre car park is also directly to the rear of the property.

Location

The property occupies a prime, high footfall, position on Rayleigh High Street, situated on the southern side of the street at the junction with Bellingham Lane. This area enjoys a wider pavement and is also the position of a regular street market.

Transport

  • Rayleigh Station - 0.4 miles
  • London Liverpool St (by rail) - 42 mins
  • Southend-on-Sea - 5.8 miles


Tenancy

Dun and Bradstreet (D&B) Ratings

Savers Health and Beauty Limited - 5A1

Holland & Barrett Limited - 2A

Please see the tenancy schedule and legal pack for more information.

Planning

Whilst there are no extant planning consents, the property may be suitable for conversion to alternative uses, including residential. This is subject to the existing leases and any requisite consents.

More information

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  1. Zoopla
  2. Commercial for sale
  3. Essex
  4. Rayleigh
  5. High Street

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