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 & Kitchen 861 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 - Retail 8800
Council Tax Band - First Floor Flat C
Legal Costs
Each party to bear their own legal costs
VAT
VAT is not applicable
Listed Features
- Restaurant
- Outdoor Space
- Kitchen
- High Street
- Multiple floors
- General Retail