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Investment - Shop for sale: CM5 9AF
High Street, Ongar, Essex,
For sale
£250,000

COMMON USE CLASS: A1 Shops, A2 Financial and Professional Services, B1 Business

For sale

  • Current income £15,000 per annum
  • Prominent corner position
  • 2 Rear parking spaces
  • Grade 2 listed building

** INVESTMENT FOR SALE ** - Located on High Street, Ongar (A128) which is home to a variety of occupiers such as fashion boutiques, hair and beauty salons, cafes and a Sainsbury's supermarket. Comprising a ground floor lock up shop with A2 (financial and professional services) use, which is currently occupied by Balgores Hayes estate agency. The property benefits from 2 rear parking spaces which are let to the tenants. The sale is subject to the existing lease and the current income is £15,000 per annum. Please call CLARKE HILLYER on 020 8501 9220 for further information.

Location 

Situated on the eastern side of High Street Ongar (A128). The High Street is home to a variety of occupiers such as fashion boutiques, hair and beauty salons, cafes and a Sainsbury's supermarket. Ongar is a historic market town situated between Harlow and Chelmsford and access to the motorway network is via Junction 7 of the M11.


Description 

Comprising a character Grade 2 listed building which occupies a prominent corner position on the High Street. On the ground floor is a lock-up shop with A2 (financial and professional services) use, which is currently occupied by Balgores Hayes estate agency. On the 1st and 2nd floors is a flat which is sold off. At the rear of the building is parking for 2 vehicles which are allocated to the tenants of the shop. The premises are more particularly described as follows:


Shop: 472 sq ft (43.8 sq m). Toilet facilities included.


All measurements quoted are approximate only.


Tenancy 

Let on a 10 year term from January 2016 to Balgores Hayes Ltd. The current rent is £15,000 per annum. There is a tenant's break clause and rent review as at January 2021.


Terms 

The shop is available by way of 999 year lease, subject to the existing tenancy agreement, for £250,000.


Business Rates 

Epping Forest District Council have informed us of the following in respect of the shop:


2017 Rateable Value: £7,700 

2019/20 UBR: 0.491 P/£ 

2019/20 Rates Payable: £3,780.70


Legal Costs 

Each party to meet their own.


Viewings 

Strictly through sole agents Clarke Hillyer on 020 8501 9220.


EPC 

The Shop has an Energy Performance Certificate rating of E.

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