£575,000
Retail premises for sale
Property photos
Just added
Freehold
£575,000
(£936.48/sq. ft)
Retail premises for sale
265, Ongar Road, Brentwood, Essex CM15614 sq. ft
Local area information
Property location
Nearby amenities
- Becket Keys Church of England Free School 0.2 miles
- Grove House School 0.2 miles
- Brentwood 1 mile
- Shenfield 1.4 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guide for Brentwood to find out more about the local area.
Features and description
- Freehold
- Busy Local Parade
- Close Proximity to Brentwood Town Centre
- Short Distance to the A12
- Shop Premises and 2 Self Contained Flats
- Retail Shop - has an EPC rating of b-30. Flat 265a - has an EPC rating of d-63. Flat 265b - has an EPC rating of d-67.
The property comprises a well-presented mixed-use investment including a ground floor retail unit together with two self-contained apartments.
The ground floor is let to Crumbs Bakery, who have been in occupation for approximately nine years and are currently paying £12,600 per annum exclusive. The accommodation provides a front retail area, kitchen, and rear store with roller shutter access.
Above and to the rear of the shop there are two 1 bedroom apartments, both let on Assured Shorthold Tenancies, producing £11,700 per annum and £12,600 per annum respectively. Overall, the property is in good good condition throughout and represents an attractive income-producing investment with established tenants in place.
The total income for the building is £36,900 per annum.
Location
The building occupies a prominent roadside position near to the junction with Warescot Road located within a busy local parade approximately 1 mile to the north of Brentwood Town Centre.
VAT
All rents, prices and premiums are exclusive of VAT under the Finance Act 1989.
Rating
From enquiries made of the voa, we are advised that the property has a current Rateable Value of £6,800 (for the retail premises). Interested parties are advised to make their own enquiries of the relevant local authority.
Legal Costs
Each party to bear their own legal costs incurred in this transaction.
EPC
Retail Shop - has an EPC rating of b-30.
Flat 265a - has an EPC rating of d-63.
Flat 265b - has an EPC rating of d-67.
Tenure Comments
The property is available on a freehold basis, with the benefit of the tenancies and income.
The ground floor is let to Crumbs Bakery, who have been in occupation for approximately nine years and are currently paying £12,600 per annum exclusive. The accommodation provides a front retail area, kitchen, and rear store with roller shutter access.
Above and to the rear of the shop there are two 1 bedroom apartments, both let on Assured Shorthold Tenancies, producing £11,700 per annum and £12,600 per annum respectively. Overall, the property is in good good condition throughout and represents an attractive income-producing investment with established tenants in place.
The total income for the building is £36,900 per annum.
Location
The building occupies a prominent roadside position near to the junction with Warescot Road located within a busy local parade approximately 1 mile to the north of Brentwood Town Centre.
VAT
All rents, prices and premiums are exclusive of VAT under the Finance Act 1989.
Rating
From enquiries made of the voa, we are advised that the property has a current Rateable Value of £6,800 (for the retail premises). Interested parties are advised to make their own enquiries of the relevant local authority.
Legal Costs
Each party to bear their own legal costs incurred in this transaction.
EPC
Retail Shop - has an EPC rating of b-30.
Flat 265a - has an EPC rating of d-63.
Flat 265b - has an EPC rating of d-67.
Tenure Comments
The property is available on a freehold basis, with the benefit of the tenancies and income.
More information
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