£1,400,000

Leisure/hospitality for sale

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Offers in region of

£1,400,000

(£400.00/sq. ft)

Leisure/hospitality for sale

Fleming Road, Chafford Hundred RM16

From 2,000 - 4,000 sq. ft

Local area information

Property location

Nearby amenities

  • Chafford Hundred Lakeside 0.1 miles
  • Warren Primary School 0.3 miles
  • Harris Primary Academy Mayflower 0.4 miles
  • Grays 1.6 miles

These distances are calculated in a straight line. The actual route and distance may vary.

Read our area guide for Swanscombe to find out more about the area.

Features and description

  • Adjacent Chafford Hundred Train Station
  • Close Tesco Express
  • Main road frontage
  • Office/Beautician/Bar/Hot food takeaway
  • Large rear car park
Location
Forming part of a modern commercial development directly opposite the car park of Chafford Hundred Train Station, which, provides a service to London (Fenchurch Street) in approximately 33 minutes. The property is 1.2 miles from the A13, linking with the National Motorway network via junctions 30/31 M25 less than 3 miles distant. Other occupiers include an Estate Agent and Tesco Express.

The property
Four self-contained units each with its own private access arranged as follows:

Unit 4 first floor – comprising a beauty and tanning salon. There is an open plan area, three treatment rooms, two tanning booths, small office, toilet and kitchen.

Unit 4 ground floor – a bar providing open plan seating, store, kitchen and ladies/gents toilets.

Unit 5 first floor – modern open plan offices with two toilets.

Unit 5 ground floor – a fish & chip takeaway comprising counter, storage and prep areas with single toilet.

Each benefits from car parking at the rear.

Note: The premises are available in two parts or combined.

Accommodation The approximate gross internal floor area is:
Sq ft Sq m
Unit 4 2,000 186
Unit 5 2,000 186
Total 4,000 372

Note: The approx net internal area is 1700 and 1670 sq ft respectively.

Tenure
Freehold for sale subject to the leases as below.

Energy Performance Certificate
The EPC rating across both floors of unit 5 is C65. A report for unit 4 is in the process of being prepared.

Lease
All are effective full repairing and insuring via a service charge within the renewal provisions of the Landlord & Tenant Act as follows:

Unit 4 first floor – Halo Beauty & Tanning Ltd. 10 years from 17th May 2016 at £22,000pax.

Unit 4 ground floor – Mr Stephen Reidy. A new 10 year lease with 5 year rent review at £28,000pa. This lease is in the process of being completed.

Unit 5 first floor – Roar Empire cic. 5 years from 4th June 2021 at £18,000pax. Mutal option to break on the 3rd anniversary, subject to 6 months prior notice.

Unit 5 ground floor – Hay Bagri Ltd with Guarantor. 10 years from 2019 at £26,000pax, subject to rent review 2023.

Therefore the total rent receivable is £94,000pax.

Proposal
Offers in the region of £1,400,000 are sought for the freehold, subject to leases as described. Alternatively, £750,000 for unit 4 and £650,000 for unit 5.

Legal costs
Each party is to be responsible for the payment of their own legal costs incurred.

Agent’s Note
All figures are quoted exclusive of VAT.
No warranty is given in respect of the current planning use and none of the amenities or fixtures and fittings have been tested.
Awaiting client’s approval

Enquiries/viewing
Strictly by prior arrangement with joint sole agents Branch Associates on / or Contact Johnathan Branch
Joint agent: Glenny

More information

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