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Turtle Bay 201 High Street, Southend-On-Sea, SS1 1LL

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Turtle Bay 201 High Street, Southend-On-Sea, SS1 1LL Turtle Bay 201 High Street, Southend-on-Sea, SS1 1LL Long let leisure investment opportunity with planning consent for 9 flats above TURTLE BAY 201 High Street, Southend-on-Sea, SS1 1LL SOUTHEND’S LONGEST PLEASURE PIER ADVENTURE SEA LIFE THE THE ROYALS SOUTHEND UNIVERSITY SOUTHEND SUBJECT PROPERTY IN THE WORLD LAND ADVENTURE KURSAAL SHOPPING CENTRE CENTRAL OF ESSEX VICTORIA WARRIOR SQUARE A1160 VICTORIA SOUTHEND PIER COURT MUSEUM P P CENTRE PLACE FAMILY CENTRE NURSERY For indicative purposes only. TURTLE BAY 201 High Street, Southend-on-Sea, SS1 1LL INVESTMENT CONSIDERATIONS • The property comprises a ground floor leisure unit with planning for 9 residential flats above • We are instructed to seek offers in excess of £1,900,000 (One Million, • The commercial unit is let to Turtle Bay Restaurants Limited for a term of 20 years Nine Hundred Thousand Pounds) subject to contract and exclusive of VAT, expiring May 2039 with no breaks which reflects a NIY of 6.5% for the leisure unit and only £35 psf on the • Freehold consented first and second floor development • Southend is an affluent commuter town with excellent links to London Liverpool Street and London Fenchurch Street • Turtle Bay has a passing rent of £113,500 per annum • The property is centrally located, less than 0.3 miles from both Southend Central and Southend Victoria train stations CGI of Proposed Development A5 A505 Stevenage A418 Dunstable Stansted Colchester Luton Luton Bishop’s A5 A120 Braintree Knebworth Stortford A10 A418 A602 A5 A131 Aylesbury Welwyn Garden A10 A41 City Hertford TURTLE BAY A414 Harlow A130 A41 Hemel 201 High Street, Southend-on-Sea, SS1 1LL Hempstead St Albans Hatfield A4010 Chelmsford M10 Maldon A41 A414 ( ) J21 A1 M A414 M25 Chipping J20 Potters Bar Epping J23 Ongar J19 J25 J27 A404 Borehamwood A4010 M25 Watford A1 Enfield High Rickmansworth M1 M11 A10 Billericay M40 Wycombe A355 South Brentwood A413 Chigwell Wickford Oxney J28 M40 M25 M1 A12 Harefield Harrow Brent Walthamstow M40 J29 A127 Ruislip Cross Romford Basildon A130 A404 J16 Holloway A12 A40 Wembely Uxbridge Stratford A13 M25 A40 SOUTHEND- Slough LONDON A13 M25 ON-SEA M4 J15 M4 M4 Fulham Windsor Hounslow Heathrow Clapham M4 M25 Richmond A20 Dartford Tilbury Staines A316 Kingston Gravesend Ashford J2 A2 Upon Thames A20 A309 J12 M3 A3 Bromley A23 Swanley Tolworth J3 Gillingham A322 M3 Rochester Weybridge A24 Croydon A232 M2 M25 Chessington Sutton M20 A21 A3 A243 Sittingbourne M3 Epsom A217 Snodland J10 Woking A24 M25 A23 J9 A22 J5 M26 A3 A217 Sevenoaks A229 M25 A26 A331 M25 Maidstone J8 J7 J6 A24 Oxted A21 Guildford Reigate M23 A3 Dorking A31 Redhill A22 A229 LOCATION A26 A31 A24 A21 Tonbridge M23 A3 HorleyThe popular seaside town of Southend-on-SeaPaddock is situated within the Royal Wood A22 Staplehurst Gatwick County of Essex locatedTunbridge approximatelyA21 39 miles (62 km) east of A264 Wells A26 A229 A24 Crawley ThreeLondon, Bridges 19 miles (30 km) south of Chelmsford and 20 miles (32 km) A3 M23 North East Grinstead A21 A264 east of Brentwood. Road access to Southend is provided by the A127 Horsham A26 A22 A12 A3 A229 7 B Horsham Victoria 1 dual carriageway which in turn, provides access to Junction 29 of the 0 B a 1 x 5 t A23 e S B r C u A e t h A26 v t A21 A l levue e o r v i M25, approximately 20 miles (32 km) to the west. s n e t SOUTHEND Boscombe Rd Boscombe R c A24 R d B h VICTORIA A13 Q d ue o u y en Rd sWa sW u r en c e ay r u n h Q e A22 R 3 A13 Q m Haywards 1 ueensW d A ay London Southend Airport is located 1.5 miles (2.4 km) to the north of o u t A23 Heath h Christchurch P The Victoria a Park r Shopping Centre k the town centre, providing regular flights to a number of European Lon R A24 don Lo d ndon R (670 CPS) d A 1 3 h Rd S Southchurc A22 outhchurch A13 Burgess Hill Rd C C Princes S destinations including Venice, Barcelona, Dubrovnik and Vienna. h o S i o l c l e H h u g i A t C g e e h Be h 1 s h c t y 1 S e as t h ll 6 a t e W r Warrior u 0 e Southend-on-Sea boasts the largest leisure pier in the world. R v r c d R u Square Q h d e u Elmer Ave A e v Riviers Dr e A e n s Elmer Warrior Sq hbu s W Approach Car Park Princes St a rnham Rd y Car Park Rd gate White Ambleside Dr Ambleside Dr University SOUTHEND THE COMMUTER TOWM on Pl rd Go of Essex H i Park g h S A t St 1 1 6 SOUTHEND 0 CENTRAL Southend provides excellent connections with central London and Q s u wn Rd Tyler C to e Cli h e Rd i let c am Tylers n H h s e Scratton Rd W Ave s has become a popular commuter town in the last 5 years. In a H S t a rk Rd o o e Y i g y Rd Car r u Southchurch ston h We R t h S Park d Rd York c Hall Park t h recent report by the BBC, Southend was found to be one of the most u Camb r ridge Rd c St h Cap e Bus Station enc ve A e Clar ate A yg v l He T e e Clarence St r affordable places for London commuters to live when taking into r te Ave a Car Park Heyga c Woodgrange Dr Alexand e r C a R H d a St r i d h n R Alexa g Rd nsWay o u r e Alexandra h hancello ue r C y Q St c a 60 account house prices and train season tickets. Prittlewell St h A 11 l Herbe R Car Park Gardens d Royals Mews Shopping Centre A r C A lito t Grov wn Parade 1 1 r (450 CPS) n H 6 Southend provides regular rail services (6 per hour at peak times) to a 0 o l r d t e in S Southend g o A t u v o e t Cli Gardens h Pi n e c r H R h London Liverpool Street with a fastest journey time of 58 minutes and ill d Luc u y R r d c h Weste rn Esplanade A v THE Mar e Southend Central provides frequent services (9 per hour at peak times) ine Parade KURSAAL Adventure d Beres ford Rd Ea R Island ste h to London Fenchurch Street, with a fastest journey time of 51 minutes. r c n Esp a la e na B de Southend B The subject property is 0.2 miles (0.3 km) from Southend Victoria and 10 Pier 16 Sea Life Adventure 0.3 miles (0.5 km) from Southend Central. Road Southend Victoria Southend Central London Southend Airport M25 20 miles (32 km) London Liverpool Street London Fenchurch Street Flights to Europe London 39 miles (62 km) 58 minutes 51 minutes 1.5 miles (2.4 km) Fastest journey time, source: •••••••••• Southend-on-Sea TURTLE BAY 201 High Street, Southend-on-Sea, SS1 1LL SITUATION The property is located in the heart of Southend-on-Sea on the west side of the pedestrianised high street, adjacent to the town’s principle public square and the Victoria Shopping Centre. Both Southend Central and Southend Victoria train stations are less than a five minute walk away, whilst Southend-on-Sea’s famous pier is a 10 minute walk to the south. The surrounding area is a popular leisure and retail location intertwined with residential flats and houses. Odeon Cinema is located across the square moments from the subject property and other occupiers in the surrounding area include Burger King, Holland & Barrett, Sports Direct, Starbucks, McDonald’s and Superdrug. DESCRIPTION The property comprises a prominent two storey corner building arranged over ground and first floors. The majority of the ground floor provides restaurant accommodation with ancillary space to part of the first floor. The remaining first floor space is currently vacant and has planning permission to be converted into residential accommodation. TENURE Freehold. ACCOMMODATION* Floor Sq Ft Sq m Ground Floor Restaurant Turtle Bay 3,700 344 First Floor Ancillary Turtle Bay 355 33 First Floor Vacant Space** 3,980 371 *Measurements have been provided by the vendor, any interested party should carry out their own due diligence. **Please note this includes a small ancillary ground floor area with cycle storage. Experian Goad Plan Created: 06/06/2019 50 metres Created By: Allsop Copyright and confidentiality Experian, 2019. © Crown For more information on our products and services: copyright and database rights 2019. OS 100019885 www.experian.co.uk/goad | [email protected] | 0845 601 6011 TURTLE BAY 201 High Street, Southend-on-Sea, SS1 1LL CGI of Proposed Development GROUND FLOOR TENANCY COVENANT INFORMATION The majority of the ground floor and part of the first floor is let on Founded in 2011 by the co-founder of Las Iguanas, Turtle Bay is a new FRI lease to Turtle Bay Restaurants Limited for a term of a Caribbean inspired restaurant chain with restaurants in both the 20 years, with no break, from 14th May 2019 at a passing rent of UK and Europe.
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