Corringham is a busy local centre, situated between the A13 and Stanford-le-Hope, close to the Thames Estuary. The Barclays is situated on Grover Walk, where nearby traders include Morrisons, Boots, Lloyds Bank, Greggs, Savers and Opticians. The main shopping car park is situated to the rear of the property.
The property comprises a ground floor shop, together with a 3 bedroom maisonette on the first and second floor (sublet on AST) and a vacant garage (No.34) at the rear.
Under Offer
Internal Width
19ft / 5.8m
Shop Depth
58ft / 17.7m
Ground Floor
1,030sqft / 96sqm
Maisonette
3-bedroom, with first floor terrace (sublet on AST)
Garage Space
X 1 at rear
Lease
The property is held on a full repairing and insuring lease for a term expiring 4th August 2026 at a current rent of £20,500 per annum exclusive. The maisonette is sublet on an AST at a current rent of £9,420 per annum, hence the current net rent is £11,080 per annum. The lease is inside the Act.
Terms
Offers invited for an assignment of the lease or potential new lease / lease extension from landlord.
Rating
The rateable value is to be reassessed following sub-division from the adjoining premises.
Viewing
To be arranged through JP RETAIL.
