112 High Street, Brentwood, CM14

Key Features

• Secure Income Stream

• Future Redevelopment Potential STPP

• Prominent High Street Location

Location

The property is located at the Western end of Brentwood High Street, at its junction with Kings Road (B185). Brentwood High Street boasts many of the UK's leading brand names, including M&S, WH Smith, Nandos, and major banks such as Santander and Barclays. Brentwood Railway Station is within close proximity (0.4miles) and can be reached by walk within 10 minutes. The station serves Brentwood with direct access to Liverpool Street. Off-street car parking can be found on William Hunter Way and Chatham Way, operable by Pay and Display.

Accommodation

The building is arranged as a retail unit at ground and first floor level with access through the front on High Street (A1023) and also Hart Street to the rear of the property. We are advised of the following floor areas:

Total 1,639 sq.ft ( 152.27 m2 )

Lease Terms

The whole building has been let on a 20 year Full Repairing and Insuring Lease without break and within the Security of Tenure provisions of the Landlord & Tenant Act 1954 from 7th October 2007 to a restaurant occupier. The lease provides for 5 yearly upwards only rent review and the current rent passing is £20,750.00 per annum exclusive.

The opportunity includes angles in the long term to add value through redeveloping the upper parts to residential accommodation subject to the tenant surrendering part of the premises and obtaining the necessary planning consents.

Price

Rates

Rateable Value £10,750

UBR 2019/2020 49.1p

Rates Payable £5,278

Interested parties are advised to verify these figures with Brentwood Borough Council on

Energy Performance Asset Rating

This is how energy efficient

this building is