3 HIGH STREET, BRENTWOOD, ESSEX, CM14 4RG

FOR SALE FREEHOLD - MIXED USE INVESTMENT OPPORTUNITY

Location

The property is situated on the north side and top end of Brentwood High Street close to its junction with Ongar and Ingrave Road. The flats are accessed off Ongar Place which is a short side road to the rear of the High Street. The property is close to Sainsburys and neighbouring commercial occupiers include Pizza Express and Wildwood restaurants as well as a range of estate agents, hair and beauty salons and general retailers.

Accommodation

The property comprises a ground floor commercial unit and 2 x 1 bedroom flats situated over first & second floors. There is area parking for 1-2 cars situated to the rear which are within the lease of the commercial space.

3 High Street919 sq.ft ( 85.38 m2  )
2 Ongar Place1st Floor Flat
2a Ongar Place2nd Floor Flat

Terms

The property is offered freehold as a whole with the benefit of a commercial lease on the ground floor and two AST's on the upper floor flats.

The ground floor is let on a 10 year lease from April 2022 to Tom Howley Limited at a current passing rent of £28,000 per annum exclusive subject to review in April 2027. The Tenant has a right to break in March 2027.

The two AST's each produce an income of £795 per month providing a total annual income of £47,080.

Copies of the tenancy agreements are available on request.

Price

£850,000 Subject to Contract


Rates

Rateable Value - 3 High Street£21,250
Rateable Value - 2 Ongar PlaceCouncil Tax Band B
Rateable Value - 2a Ongar PlaceCouncil Tax Band B

Legal Costs

Each party to bear their own legal costs.

VAT

Value added tax is applicable to the sale price.

Energy Performance Asset Rating

A+
A
0-25
B
26-50
C
51-75
D
76-100
80
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

Viewings strictly by prior appointment.

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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