SSTC

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

** 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 £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 £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.

Business Rates
Brentwood Council have informed us of the following:

2017 Rateable Value: £32,250
2021-22 UBR: 0.499 P/£
2021-22 Rates Payable: £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.