Kames Capital buys twice in Southend

April 2016

The properties were originally part of the now defunct Keddies Department Store in the town and had been sold off separately to La Salle UK Ventures and a private investor by a developer. The deal agreed by GCW sees Kames purchase the first block let to HMV and Clinton Cards on the ground floor and Sports Direct on the upper floor for £4.375 million. The second deal for £2.225 million is on a property let to Superdrug who then sub-lets the first floor to accommodate additional space for the Sports Direct’s store.

These two properties both offer large space that is in demand but hard to find in Southend which is dominated by smaller Victorian buildings.

Contact david.gooch@gcw.co.uk