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PRELIMINARY DETAILS FOR SALE FREEHOLD - MIXED USE INVESTMENT OPPORTUNITY

For sale: POA|2,579 Sq Ft|Retail, Land, Commercial Land

Property details

FOR SALEPOA
SIZE2,579 Sq Ft
ADDRESS 214 Hutton Road, Shenfield, Brentwood, Essex, CM15 8NR
TYPERetail, Land, Commercial Land
TENUREInvestment Opportunity, Under Offer, For Sale Freehold
POSTED ON29th September 2022

Description

Location
Shenfield is an affluent suburb of Brentwood lying between Brentwood town and Billericay.

The Property lies on the north side of Hutton Road forming the prime retailing area of Shenfield which comprises a mixture of national a local retailers, bars and cafes.

Shenfield rail station is opposite which is on the Great Eastern Main Line serving London's Liverpool Street and the East of England, also forming part of Crossrail.

Accommodation
The property comprises a ground floor retail unit and a maisonette situated over first and second floors. The property has the following floor areas measured on a net internal basis:

Ground Floor Retail 1,539 sq.ft ( 142.98 m2 )
Kitchen/Stores 104 sq.ft ( 9.66 m2 )
Maisonette 936 sq.ft ( 86.96 m2 )
Terms
The property is currently let as a whole to McColls (now in administration) formerly Dillons Stores Limited. The tenant is holding over and a new lease is agreed subject to the agreement of the administrators, which is based on a 15 year term subject to 3 yearly rent reviews at an annual rental of £48,500 per annum.

Despite the current lease excluding sub-letting of part, the residential upper part has been let on an AST, and we understand the current rent to be £725.00 per month.

The property is to be offered freehold. Price upon application

Location

marker
Location: 214 Hutton Road, Shenfield, Brentwood, Essex, CM15 8NR

Upminster (6.1 miles)

Upminster Bridge (6.4 miles)

Hornchurch (7.1 miles)

Shenfield (0.0 miles)

Brentwood (1.7 miles)

Ingatestone (3.3 miles)

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