Mixed use investment property for sale in Brentwood

This property is marketed by:
Clarke Hillyer

Key Features

• Freehold investment
• Ground floor estate agency office plus ground rents from the flats above
• Current total income £56,450 per annum
• Rear parking included

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 £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 £1,450 per annum.

Terms

The freehold is available, subject to the existing leases, for £895,000.