DESCRIPTION AND LOCATION:
This prominent mixed use building was developed
by our client in the late 80’s for their own office use
and creating two commercial units at ground floor
Located on the southern side of Leigh Broadway
between Avenue Road and Ashleigh Drive.
The occupier of the first and second floor offices will
be vacating so this section of the building is to be
sold with vacant possession.
The ground floor has a central glazed entrance
leading to the upper floor offices with retail units
The retail units are let on leases with Unit 74 expiring
July 2026 and Unit 76 in December 2028 (leases are
Car parking for six vehicles is accessed via Avenue
Our clients obtained consent under Prior Approval
to convert the upper floors into 6 one bedroom flats
Planning reference - 21/00341/PA3COU
Our clients received planning permission under Prior
Approval on the 12th April 2021 to convert upper
floors to 6 x 1 bed flats, as is common this remains
live for three years from the date it was granted.
Total approx. size - 675 sq. ft. (63 sq. m.)
Let to Yongmei Li on an FRI lease from 31st July 2017 expiring 30th July
Rent review 31st July 2023
Current rent - £17,500 pax
Total approx. size - 696 sq. ft. (65 sq. m.)
Let to Utopia Limited on an FRI lease from the 25th December 2019
expiring 24th December 2028.
The rent increase to £17,500 pax from 25th December 2021 and then a
review on 25th December 2022 and 25th December 2025 and the last
day of the contractual term.
Current rent - £16,000 pax
There is a Tenant’s break clause on the 24th December 2023 on serving at
least six months prior notice
First & Second floors
Access from Leigh Broadway via a glazed entrance between the shops.
Architecturally designed feature spiral staircase.
Total approx. area - 1,338 sq. ft. (124 sq. m.)
Total approx. area - 1,380 sq.ft. (128 sq. m.)
Purpose built offices with 4 offices, kitchen, comms room and staff welfare
room to first floor and 2 open plan offices and 6 separate offices to the
second floor with a stunning estuary views. The offices have a rear
entrance/exit leading directly to the private car park for 6 vehicles.
Offers in excess of £1,200,000 Freehold
Subject to existing leases at ground floor and
vacant possession of upper floors
Each party to bear their own legal costs
Strictly by prior appointment via vendor’s sole
Ayers & Cruiks 01702 343060