CM15 52 Ongar Road, Brentwood

The property held under title no. EX732810 comprises a ground floor end of terrace retail unit which is currently let on a lease expiring May 2033 producing and annual rent of £12,000. The lease provides for mutual break options and rent reviews in May 2027 and May 2030.

The freehold of the property includes the first floor flat which has been sold by way of a 125 yr lease and produces a ground rent of £250 pa. The property produces a total income of £12,250 pa.

Freehold subject to the leases. Asking price £160,000 subject to contract.

The property is located at the southern end of Ongar Road a few minutes walk from Brentwood High Street and close to Sainsbury's Food Store. In the immediate surrounds there are similar type properties properties offering a range of retail occupiers including cafes & eateries, hair & beauty, medical and professional services.

Brentwood is an affluent commuter town with its rail station on the Elizabeth line and road access to the M25 (j28) and A12 all within 10 minutes' drive.