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FOR SALE - FREEHOLD RETAIL/OFFICE INVESTMENT WITH DEVELOPMENT OPPORTUNITY

For sale: £1,000,000.00|2,454 Sq Ft|Retail, Office, Offices

Property details

FOR SALE£1,000,000.00
SIZE2,454 Sq Ft
ADDRESS137/137A High Street, Brentwood, Essex, CM14 4RZ
TYPERetail, Office, Offices
TENUREDevelopment Opportunity, Investment Opportunity, For Sale Freehold
POSTED ON16th May 2022

Description

Location
The premises are located at the Western end of Brentwood High Street, at its junction with Weald Road. Brentwood High Street boasts many of the UK's leading retailers including M&S, WH Smith, Nandos, Tescos, Pret a Manger and Waterstones as well as some of the major banks such as Santander and Barclays.

Brentwood Railway Station is within close proximity (0.4miles) and can be reached by walk within 10 minutes. The station serves Brentwood with direct access to Liverpool Street. The A12 and M25 (J28) are approximately 5 minute's drive away. Off-street car parking can be found on William Hunter Way and Chatham Way, operable by Pay and Display.

Accommodation
The premises form ground, first and second floor office accommodation plus a ground floor retail unit. Approximate areas are as follows:

Ground Floor Office & Retail 1,033 sq.ft ( 95.97 m2 )
First Floor Office 1,033 sq.ft ( 95.97 m2 )
Second Floor Office 388 sq.ft ( 36.05 m2 )
Total 2,454 sq.ft ( 227.98 m2 )
Terms
The entire property is at present let to Clacton Dental Care Ltd* for a term of 15 years from 1st September 2018 at a current rent of £50,000 per annum and the lease contains full repairing and insuring covenants. Rent review in 2023 and 2028. Tenant option to determine in 2023 with minimum 6 months notice.

Planning
Planning has been approved (19/01131/PNCOU) for the proposed change of for the conversion of the first and second floor offices to 2 x 1-Bed and 1 x 2-Bed Flats.

Location

marker
Location: 137/137A High Street, Brentwood, Essex, CM14 4RZ

Upminster (4.7 miles)

Upminster Bridge (5.0 miles)

Hornchurch (5.7 miles)

Brentwood (0.4 miles)

Shenfield (1.5 miles)

Harold Wood (3.3 miles)

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