Retail for sale

** FREEHOLD INVESTMENT FOR SALE ** - Situated on High Street, Brentwood, which is home to a variety of independent traders and multiple occupiers such as Robert Dyas, Boots and Greggs. Comprising a double-fronted ground floor retail unit which has been occupied by Beresfords Estate Agents for a number of years. Above the shop are 6 flats which have been sold off on long leases. At the rear of the shop is parking for 3 cars. The ground floor consists of a sales/office area of 1,025 sq ft (95.2 sq m); a kitchen of 95 sq ft (8.8 sq m); storage of 56 sq ft (5.2 sq m) and male and female toilet facilities. The current total income is ï½£56,450 per annum. For further information, please call CLARKE HILLYER on 020 8501 9220.
Location - Situated on High Street, Brentwood, which is home to a variety of independent traders and multiple occupiers such as Robert Dyas, Boots and Greggs. The High Street also benefits from a number of cafes, restaurants and banks. The closest station is Brentwood (Tfl Rail) and the area is served by local buses. Access to the motorway network is via Junction 28 of the M25.
Description - Comprising a double-fronted ground floor retail unit which has been occupied by Beresfords Estate Agents for a number of years. Above the shop are 6 flats which have been sold off on long leases. The ground floor is more particularly described as follows:
Sales/office area: 1,025 sq ft (95.2 sq m).
Kitchen: 95 sq ft (8.8 sq m).
Storage: 56 sq ft (5.2 sq m).
Male and female toilet facilities.
3 parking spaces included.
All measurements quoted are approximate only.
Leases - The shop is let to Beresfords Residential Ltd at a rent of ï½£55,000 per annum until October 2032. There is a tenant's break clause as at October 2027. The 6 flats above the shop are sold off on long leases and pay a combined ground rent of ï½£1,450 per annum.
Terms - The freehold is available, subject to the existing leases, for ï½£895,000.
Business Rates - Brentwood Council have informed us of the following:
2017 Rateable Value: ï½£32,250
2021-22 UBR: 0.499 P/ï½£
2021-22 Rates Payable: ï½£16,092.75
Interested parties are advised to verify these figures with the local rating authority.
Viewings - Strictly via sole agents Clarke Hillyer, Tel 020 8501 9220.
Epc - The premises have an Energy Performance Certificate of C.
Whilst we at Clarke Hillyer endeavour to ensure the accuracy of property details produced and displayed, we have not tested any apparatus, equipment, fixtures and fittings or services so cannot verify that they are connected, in working order or fit for purpose. Neither have we had sight of the legal documents to verify the Freehold or Leasehold status of the property. Please be advised that any plans provided are to indicate the layout of the property, are not to scale and for guidance purposes only. Any interested parties are advised to obtain verification from their solicitor or surveyor.