71 High Street

Brentwood, CM14 4RW

£950,000

Description

COMMERCIAL INVESTMENT OPPORTUNITY

SINGLE LET 3-STORY BUILDING

5,126 sq ft (476.22 sq. m)

Accommodation

The property comprises a well-presented end of terrace three-storey building and is currently configured to providecommercial space on all floors

Ground Floor 2,339 sq ft (217.30 sq m)
First Floor 2,279 sq ft (211.73 sq m)
Second Floor 508 sq ft (47.19 sq m)
Total 5,126 sq ft (476.22 sq m)

Features

  • High Street Location
  • Fully let Freehold investment
  • Producing £64,000 pax
  • Existing tenant in occupation

Particulars

Existing Tenancy

The property is currently let to Lirro Bespoke Interiors Limited T/A Shmidt Ktchens a kitchen showroom (Class E) use. Let on a 5-year lease from February 2020 producing an income of £64,000 per annum exclusive with 5 yearly rent reviews. There is a tenant option to break the lease in February 2030, subject to 6 months notice. There is also a Schedule of Condition ammended to the lease.

Tenure

Freehold to include the benefit of the tenancy.

Price

Offers are invited in the region of 950,000 (Nine Hundred and Fifty Thousand Pounds). VAT is not applicable.

Legal Costs

Each party are to be responsible for their own legal fees borne in this transaction.

Possession

Immediate upon completion of legal formalities.

Adminastrative Fee

Upon terms being agreed and prior to Solicitor’s being instructed, the prospective purchaser is to pay an administrative fee of £500 plus VAT to Bennett Phillips Luton. This fee will cover all associated administrative costs incurred. In the event that the Landlord or Vendor withdraws from the transaction once solicitors are instructed, 50% of the fee will be refunded.

Possession

Immediate upon completion of legal formalities.

Viewing

Strictly by appointment through sole agents Bennett Phillips Luton | 0208 501 3000 Contact Taylor Phillips at
taylor@bennettphillips.com or Simon Phillips at simon.phillips@bennettphillips.com

Location

The property is prominently situated on the High Street in Brentwood’s busy town centre. Nearby occupiers include Zizzi, Waterstones, Robert Dyas, Nando’s, Marks & Spencer and Gail’s, alongside the Bay Tree Shopping Centre. Pay-and-display parking is a short walk away on William Hunter Way, which runs parallel to the High Street. The busy A12/M25 junction is a short drive away, while nearby Brentwood station offers services to London Liverpool Street via Stratford.

What's nearby

  • Brentwood Station

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