637 sq. ft. (59.18 m²)
Description
Mid-terraced retail premises on a small parade of shops on the busy Shenfield Road. The retail premises offers main retail showroom, store, kitchen WCs and a rear courtyard (shared with the owner of the flats). The ground floor is held on a 10-year lease from September 2016 (expiring in 2026) with a passing rent of £16,000 per annum. The first floor flat has been sold off on a long lease and it is therefore just the ground floor freehold premises we are offering. Externally, the property offers forecourt parking and excellent roadside frontage. The tenant has indicated a desire to renew the lease at expiry.
Location
Brentwood is situated 25 miles north-east of London and 12 miles south-west of Chelmsford. The M25 (J28) is approximately two miles from the town centre which has a regular train service to London Liverpool Street (35 minutes).
VAT
All rents, prices and premiums are exclusive of VAT under the Finance Act 1989.
Rating
From enquiries made of the Valuation of Agency, we believe the rateable value to be £14,500 for 2023/24. Based upon the Uniform Business Rate we believe the rates payable amount will be £7,235.50.
Legal Costs
Each party to bear their own legal costs incurred in this transaction.