THE KURSAAL EASTERN ESPLANADE SOUTHCHURCH AVENUE SOUTHEND-ON-SEA SS1 2WW ICONIC LEISURE INVESTMENT OPPORTUNITY THE KURSAAL EASTERN ESPLANADE, SOUTHCHURCH AVENUE, SOUTHEND-ON-SEA SS1 2WW ICONIC LEISURE INVESTMENT OPPORTUNITY SOUTHEND’S LONGEST PLEASURE PIER ADVENTURE SEA LIFE THE THE ROYALS SOUTHEND UNIVERSITY SOUTHEND IN THE WORLD LAND ADVENTURE KURSAAL SHOPPING CENTRE CENTRAL OF ESSEX VICTORIA P P For indicative purposes only. THE KURSAAL EASTERN ESPLANADE, SOUTHCHURCH AVENUE, SOUTHEND-ON-SEA SS1 2WW ICONIC LEISURE INVESTMENT OPPORTUNITY INVESTMENT CONSIDERATIONS ■ Prominent landmark listed building on Southend’s main leisure pitch ■ Total rent of £814,415 pa equating to a low rent of £7.29 psf ■ The property is centrally located, approximately 1 mile from both Southend Central ■ Over 10 years WAULT and Southend East train stations ■ Asset Management opportunities to include letting vacant first floor ■ Southend is an affluent commuter town with excellent links to London Liverpool ■ We are instructed to seek offers in excess of £8,000,000 (Eight Million Street and London Fenchurch Street Pounds), subject to contract and exclusive of VAT. A purchase at this level ■ 146 car park spaces to the rear reflects a Net Initial Yield of 10.00%, allowing for purchaser’s costs of 6.67%. ■ Building totals 10,948.8 sq m (117,853 sq ft) This represents a low capital rate of £67.88 psf. THE KURSAAL EASTERN ESPLANADE, SOUTHCHURCH AVENUE, SOUTHEND-ON-SEA SS1 2WW ICONIC LEISURE INVESTMENT OPPORTUNITY LOCATION The popular seaside town of Southend-on-Sea is situated within the County of Essex located approximately 39 miles (62 km) east of London, 19 miles (30 km)A5 south A505 Stevenage of Chelmsford and 20 miles (32 A418km) east of Brentwood.Dunstable Stansted Colchester A5 Luton Luton Bishop’s A120 Braintree Road access to Southend is provided by the A127 dual Knebworth A10 Stortford carriageway which in turn, providesA418 access to Junction 29 of A602 A5 A131 the M25, approximatelyAylesbury 20 miles (32 km) to the west. Welwyn Garden A 1 A41 A10 27 B 1 Vi B 0 City a 1 x c London Southend Airport is located 1.5 miles (2.4 km) Hertford 5 t e t oria Belle r S A C u A414 v h Av t e t r A130 o i e s vue n SOUTHEND Boscombe Rd Boscombe Rd t c to the north of the town centre, providing regular flights R h A41 Harlow A13 B VICTORIA Q d u u ee R Hemel y n o a r s sW W d n c ee ay u u h Q r Hatfield n R St Albans 3 e A to a number of European destinations including Venice, 1 13 Q d Hempstead ueens m A Way A4010 o u t M10 Chelmsford h Christchurch P The Victoria Barcelona, Dubrovnik and Vienna. Southend-on-Sea boasts A414 a Park A41 Maldon r k Shopping Centre R A1(M) A414 Lond o d n Rd L on (670 CPS) J21 don Rd B A e 1 the largest leisure pier in the world. 3 d ll M25 S thchurch R Sou outh A13 e churc h Rd Chipping vue Potters Bar C C Epping Prince J20 o h S l i l c o Rd e H h Ongar g u J23 e i A e g t C s S s h h 1 J25 t c has J19 e 1 J27 S h t Princes S A404 r 6 y u W a t R Warrior e 0 r d c R h Square A4010 Borehamwood d Q A M25 E u v iviers Dr ee R lmer e Watford A1 Ash Enfield Elmer Warrior Sq n s SOUTHEND THE COMMUTER TOWN Av W bu M1 M11 A12 Approach Car Park High Rickmansworth A10 a Billericay e rnha y Car Park A355 d M40 Wycombe A413 South m Whitegate R Ambleside Dr Ambleside Dr Brentwood Wickford R Chigwell d Southend provides excellent connections with central University Pl Oxney J28 t rdon M25 Go of Essex H i M40 M1 Park g A12 h Stamford S Harefield A London and has become a popular commuter town in the St t Harrow 1 1 A12 6 Brent Hill Walthamstow A127 SOUTHEND 0 CENTRAL J29 A130 M40 last 5 years. In a recent report by the BBC, Southend was Q Ruislip Romford Basildon T s Ave C d r u A404 Cross A10 lifftown R y le h C i e J16 c Rd e A12 let h am n H Tylers e s A40 Holloway st Scratton Rd W found to be one of the most affordable places for London e H Ave S a Rd Wembely r ork Y o i Benfleet g y d R R Car u Southchurch eston h d A13 Southend- W t h Uxbridge A40 Stratford S Park rk Rd Yo c Hall Park t h commuters to live when taking into account houseM25 prices u Canvey C r ambridge Rd c h Slough A13 on-Sea C St A ap rence Bus Station e M25 v v e Cla gate A LONDON Island ey e and train season tickets. l H T M4 e Clarence St r Ave r ygate a Car Park He J15 M4 M4 c Woodgrange Dr Alexandr e a R Hi d C ra St d R an h ay Alex gh St d nsW o R e Fulham Alexandra u hancellor ue Southend provides regular rail services (6 per hour at peak y r C Q c A2 a 0 St h 16 Windsor Hounslow Prittlewell l A 1 R H Car Park d M4 M25 Heathrow Clapham A20 Gardens Royals er Richmond Tilbury Mews b times) to London Liverpool Street with a fastest journey ert Dartford Shopping Centre A Clifftow A n Parade 1 A316 G r 1 (450 CPS) n H ro 6 o a 0 l Staines ve d Gravesend r t Sheerness i time of 58 minutes and Southend Central provides frequent n A S Southend g Kingston o A2 THE v t Ashford J2 o u e Cliff Gardens n P t i h e r R H c KURSAAL Upon Thames A20 ill d h services (9 per hour at peak times) to London Fenchurch Lucy u A309 Rd r c A3 W h Bromley estern Esplanade J12 M3 A23 A Swanley v e Street, with a fastest journey time of 51 minutes. The subject Tolworth Marine Para A322 J3 Rochester Gillingham de M3 A24 Adventure Be resford Rd Croydon d E R property is 0.9 miles from Southend Central and 1 Weybridgemile from Island as A232 t h M2 ern Es Chessington pla eac M25 Sutton M20 na B A21 de Southend East. A3 A243 Southend B 10 A217 Sittingbourne Pier 16 M3 Epsom Snodland Sea Life Adventure J10 Woking A24 M25 A23 A22 J9 J5 M26 A3 A217 Sevenoaks A229 A26 A331 M25 M25 Maidstone J7 A24 J8 J6 Oxted A21 A3 Guildford Reigate M23 A31 Dorking A22 A229 Redhill A26 A31 A24 A21 Tonbridge M23 A3 Paddock Horley Royal A22 Wood Staplehurst Gatwick Tunbridge A21 A264 Wells A26 A229 A24 A3 Crawley Three Bridges M23 East Grinstead A21 North A264 A26 Horsham A22 A3 A229 Horsham A23 A26 A21 A24 Haywards A22 A23 Heath A24 Burgess Hill A22 THE KURSAAL EASTERN ESPLANADE, SOUTHCHURCH AVENUE, SOUTHEND-ON-SEA SS1 2WW ICONIC LEISURE INVESTMENT OPPORTUNITY SITUATION The Kursaal is situated in a prominent position on the sea front on the main leisure pitch Marine Parade directly opposite the Sea-Life adventure and close to Adventure island which is located at the start of Southend Pier (the longest in the world at 1.33 miles). HISTORY LEISURE MARKET The Kursaal opened on 24th July 1901 as the first theme park in the world, it Southend-on-Sea welcomes over 6.5 million visitors annually was soon being advertised as “the most popular place of entertainment on the and tourism is the main driving force behind the town’s south coast”, boasting attractions which included numerous fairground and economy supporting in excess of 7,000 jobs and £380m pleasure rides, an amusement arcade (laid out to simulate a street in Cairo), contribution to the local economy. a ballroom, miniature railway, zoo and a horse trotting track. Indeed, for most The town’s leisure offering is predominantly located along of the 20th Century, it was the largest amusement park in the south of England. the sea front. Southend Pier is the world’s longest pleasure Closed during the war, after much restoration and repair, The Kursaal reopened pier and is at the centre of the town’s attractions. At the base at Easter 1946 and continued to flourish in to the 1950s, when it enjoyed of the pier is Adventure Island, an outdoor amusement park its heyday. In 1973, with some attractions either having been dismantled or with in excess of 60 rides and attractions. Adventure Inside has destroyed by fire, the fairground closed and 20 acres of the site were sold off recently been added boasting a range of indoor rides, arcade for housing. The Kursaal continued to operate, with The Kursaal Ballroom games and attractions as well as numerous restaurants. becoming the venue for many famous rock and pop bands including Rod The other hub of leisure is concentrated around the Eastern Stewart, Deep Purple, Doctor Feelgood, The Stranglers and Status Quo. Esplanade where notable attractions include the Kursaal and In 1995, the site was acquired by a developer and after restoration, rebuilding the Sea Life Adventure.