499 ONGAR ROAD, PILGRIMS HATCH, BRENTWOOD, ESSEX, CM15 9JP

FOR SALE FREEHOLD - RETAIL + RESIDENTIAL INVESTMENT OPPORTUNITY

Size :

 861 sq.ft ( 79.99 m2  )

Location

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.

Accommodation

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 & Kitchen861 sq.ft ( 79.99 m2  )
First Floor 2 bedroom Flat

Terms

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

Price

The premises are to be sold freehold with the benefit of the lease. £400,000 Subject to Contract


Rates

Rateable Value - Retail8800
Council Tax Band - First Floor FlatC

Legal Costs

Each party to bear their own legal costs

VAT

VAT is not applicable

Energy Performance Asset Rating

A+
A
0-25
B
26-50
C
51-75
D
76-100
86
This is how energy efficient
this building is
E
101-125
F
126-150
G
Over 150

 

Viewing & Further Information

Contact sole selling agents Mass & Co:

Mark Mannering

mark.mannering@massandco.com

Mass & Co Ltd for themselves and also as Agents for the seller(s)/lessee(s) of this property give notice that:

  1. the particulars are produced in good faith, are set out as a general guide only and do not constitute any part of the contract.
  2. 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.
  3. 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.
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The Royal Institution of Chartered Surveyors was founded in 1868 and is now responsible for around 120,000 members worldwide. Its members are subject to regulation and periodic review as well as operating to strict Rules of Conduct.