Investment.

Canvey Island.

Knightswick Shopping Centre, SS8 7AD

Map View

Status.

Sold on 01/08/2019

Price.

£11,225,000

Location.

Canvey Island is a historic and popular south Essex coastal resort comprising some 7.12 square miles within the Thames Estuary. An area of significant natural beauty and forming part of the progressive Castle Point Borough Council, the area is located 38 miles (61km) east of London (West End), 15 miles (24km) west of Southend and 9 miles (14km) south-east of Basildon.

Description.

The property was developed in 1978 and comprises a busy and popular community (convenience) shopping centre anchored by a 74,969 sq ft(6,965 sq m) Sainsbury’s food store and separate Petrol Filling Station incorporating an internal covered mall of 12 shop units and 11 retail units fronting onto Furtherwick Road either side of the mall entrance. Adjoining the scheme is a 268 space car park accessed from Foksville Road which is within the vendor’s ownership and is operated and managed directly by them. A permanent car washing facility is also operational within the car park beside Sainsbury’s service yard. The adjoining Petrol Filling Station is owned freehold by Sainsbury’s.

Rent.

£1,095,000.00 per annum exclusive

Tenure.

Freehold

Yield.

9.1% NIY

Share.

All viewings are strictly by prior appointment.

David Freeman.

Partner | Investment

Patrick Over.

Associate Partner | Investment

Ed Smith.

Partner | Investment

What Our Clients Say.

Green & Partners understand our needs and continually exceed expectations.

Aberdeen Standard

Thorough, tenacious, practical in their outlook and approach but above all they get results.

La Salle Investment Management

The expertise and excellent client focus provided by Team g&p is greatly valued and appreciated. The continuing hard work to support our investment, Leasing and Asset Management activities has enabled us to drive investment performance for our clients.

M & G

Green & Partners are a focused, diligent and highly determined team who exceed our expectations time after time.

DTZ Investors

With Green & Partners you get Partner level involvement and Commitment whether it's an MSU or a small kiosk. They are creative and tenacious and have a very good knowledge of shopping centres and the retailer market at all levels.

Hammerson