The Broadway, Thorpe Bay, Essex, SS1
£475,000
Guide price
Guide price
Sold STC
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 01702 01702 215004) 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: 01702 311001 E: ryan@dedmangray.co.uk
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 01702 01702 215004) 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: 01702 311001 E: ryan@dedmangray.co.uk
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