Specification

Building size: Building size 2,849.28 sqft
Property type: Property type Retail Investments
Tenure: Tenure For sale

Description

Accommodation

The property comprises a well-presented end of terrace three-storey building and is currently

configured to provide commercial space on all floors. Measurements are as follows:

Ground floor: 2,339 sq. ft / 217.3 sq. m

First floor: 2,279 sq. ft / 211.7 sq. m

Second floor: 508 sq. ft / 47.22 sq. m

Total: 5,126 sq. ft /476.22 sq. m

*Basement (unmeasured)

EPC:

EPC Rating - 57C

Existing Tenancy

The property is currently let to Lirro Bespoke Interiors Limited T/A Shmidt Kitchens cy a kitchen

showroom (Class E) use. Let on a 15-year lease from February 2020 producing an income of £64,000

per annum exclusive with 5 yearly rent reviews. There is a tenant option to break the lease in February 2030, subject to 6months notice. There is also a Schedule of Condition amended to the lease.

Tenure

Freehold to include the benefit of the tenancy.

Price

Offers are invited in the region of £950,000 (Nine Hundred and Fifty Thousand Pounds). VAT is not

applicable.

Legal Costs

Both parties' legal costs are to be borne by the ingoing tenant.

Possession

Immediate upon completion of legal formalities.

Administrative Fee

Upon terms being agreed and prior to Solicitor's being instructed, the prospective tenant or

purchaser is to pay an administrative fee of £500 plus VAT to Bennett Phillips Luton. This fee will cover all associated administrative costs including any referencing fees incurred. In the event that the

Landlord or Vendor withdraws from the transaction once solicitors are instructed, 50% of the fee

will be refunded.

Viewing

Strictly by appointment through sole agents Bennett Phillips Luton on 020 8501 3000 contact Taylor Phillips on Taylor@bennettphillips.com

Location

The property occupies a prominent High Street position, forming part of Brentwood's busy town

centre. Nearby occupiers include Zizzi, Waterstones, Robert Dyas, Nandos, Marks & Spencer, Gails as well as the Bay Tree Shopping Centre. Nearby Pay & Display car parking is located within a short walk along William HunterWay, running parallel with the High Street. The busy junction of the A12/M25 is within a short drive and Brentwood train station is located nearby offering services to London Liverpool Street via Stratford.

Amenities

High Street Location

Fully let Freehold investment

Producing £64,000 pax

Existing tenant in occupation

Map

Enlarge View the interactive map Click to explore this property's location, streets and surrounding area.