FOR SALE FREEHOLD - RETAIL + RESIDENTIAL INVESTMENT OPPORTUNITY
861 sq.ft ( 79.99 m2 )
The property forms part of a small parade of similar properties situated on the corner of Ongar Road (A128) and Georges Drive in the village of Pilgrims Hatch approx. 2 miles from Brentwood High Street. Brentwood is a town with a population of approx. 55,000 ()2017) and is located off the A12 at its junction (28) with the M25.
The property comprises a ground floor mid-terrace retail unit plus a first floor 2 bedroom flat which is separately accessed but occupied under the same tenancy. The premises currently operates as an restaurant with staff accommodation.
|Ground Floor incl. WC's & Kitchen||861 sq.ft ( 79.99 m2 )|
|First Floor 2 bedroom Flat|
The premises are let by way of a 20 year lease from June 2016 at a current passing rent of £25,000 per annum exclusive. The rent is subject to review in June 2020 and every 5 years thereafter. A copy of the lease is available on request
The premises are to be sold freehold with the benefit of the lease. £400,000 Subject to Contract
|Rateable Value - Retail||8800|
|Council Tax Band - First Floor Flat||C|
Each party to bear their own legal costs
VAT is not applicable
Energy Performance Asset Rating
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Viewing & Further Information
Contact sole selling agents Mass & Co:
Mass & Co Ltd for themselves and also as Agents for the seller(s)/lessee(s) of this property give notice that:
- the particulars are produced in good faith, are set out as a general guide only and do not constitute any part of the contract.
- no person in the employment of Mass & Co Ltd has any authority to make or give representation or warranty whatever in relation to this property.
- applicants who make offers which are subsequently accepted by the seller(s)/lessee(s) will be subjected to personal and financial checks which satisfy Anti-Money Laundering Regulations. Such checks are conditional to the transaction.