For Sale

Lot, The Royal Hotel & Princess Caroline House, 1 High Street, Southend-on-Sea, SS1 1JE

  • Area 16,989 sq ft (1,578 sqm)
  • Sale Price £2,000,000

Amenities

  • Excellent town centre location
  • Close to local amenities
  • Superb views overlooking the Estuary
  • Currently producing £174,850 pa
  • Offers in excess of £2,000,000

Description



DESCRIPTION AND LOCATION:
Southend is the largest town within south east
Essex with a population in excess of 300,000.
The town has good rail links via Fenchurch
Street and Liverpool Street stations.
The Royal Hotel and Princess Caroline House
are located in the centre of the town,
commanding a prominent position at the
southern end of Southend High Street with a
commanding position overlooking the Thames
Estuary. Situated directly opposite the Royals
Shopping Centre and former Palace Hotel. This
Grade II listed building has a wonderful historic
past and is renowned locally as a landmark
building.
The Royal Hotel has been caringly restored by
the current tenant now providing a ground
floor and basement bar with first floor
restaurant/function room.
Princess Caroline House is adjacent and
extends over the top of the Royal Hotel
providing four floors of offices let to an array of
tenants including Southend College.
The property has a car park to the rear and is
adjacent to several surface and multi storey
car parks.

Subject to Contract & VAT if Applicable

ACCOMMODATION
ROYAL HOTEL RESTAURANT AND BAR
GROUND FLOOR 1950 sq. ft. (181.16 sq. m.)
Views over Thames Estuary.
FIRST FLOOR 1750 sq. ft. (162.59 sq. m.)
Balcony to southern elevation and commanding views
over Thames Estuary
BASEMENT 1600 sq. ft. (148.67 sq. m.)
Self-contained external entrance.

TERMS
Let to Temada Limited on a lease expiring 20th October
2025
Current rent received £45,000 pax

ACCOMMODATION
PRINCESS CAROLINE HOUSE – OFFICES
Comprising 15 individual tenants occupying rooms from
158 sq.ft to floors of 3,500 sq.ft.
Refurbished in recent years providing period style
communal areas with toilet facilities on alternate floors.
Total combined floor Area 11,689 sq.ft (1086 sq.m)

TERMS
Let to an array of tenants – Tenancy Schedule
Available from Ayers & Cruiks
Current rent received £129,850

TENURE
The freehold is to be sold subject to the existing tenancies.

PRICE
Offers in excess of £2,000,000

VIEWING
Strictly by prior appointment via vendor’s sole appointed
agents:
Ayers & Cruiks 01702 343060

TOTAL CURRENT INCOME £174,850
TOTAL PROJECTED INCOME £189,100

 

Tenure

Tenanted Investment

EPC

Available upon request

Viewing

By appointment with Ayers & Cruiks

Area 16,989 sq ft Land Area 16,989 sqft

Agents

Neil Burroughs

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