Retail premises for sale

265, Ongar Road, Brentwood, Essex CM15

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.