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137 High Street, Brentwood, Essex, CM14

Fixed Price
£1,000,000

£407.50 per sq. ft.

Business rates & charges may apply

Blue Alpine, London
SIZE AVAILABLE
2,454 sq. ft.
(228 sq. m.)
SECTOR
Office for sale
USE CLASS
Use class orders: A1 Shops and Class E
A1, E

Key features

  • Total area size of 228 sq m (2,454 sq ft)
  • VAT is NOT applicable to this property
  • Planning approved for converting First and Second Floor to 3 x Residential Flats
  • Located within 0.4 miles from Brentwood Train Station

Property description

Tenure: Freehold

Investment Consideration:
Gross Initial Yield: 5.00%
Rental Income: £50,000 p.a.
VAT is NOT applicable to this property
Comprises 3 storey corner building, currently operating as an office accommodation
Total area size of 228 sq m (2,454 sq ft)
Planning approved for converting First and Second Floor to 3 x Residential Flats
Located within 0.4 miles from Brentwood Train Station
Nearby occupiers include Papa John`s Pizza, Subway and Prezzo, amongst number of local traders

Property Description:
The property comprises corner building currently operating as an office accommodation, arranged over ground, first and second floor.
The property provides the following accommodation and dimensions:
Ground Floor: Office 96 sq m (1,033 sq ft)
First Floor: Office 96 sq m (1,033 sq ft)
Second Floor: Office 36 sq m (388 sq ft)
Total area size: 228 sq m (2,454 sq ft)

Tenancy:
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.
*Note - Clacton Dental Care is a large dental practice operator with more than 30 locations across UK.

Development Opportunity:
Planning approved for converting first and second floor offices to 2 x 1-Bed and 1 x 2-Bed Flats.
The property would provide the following accommodation and dimensions:
Ground Floor: Medical Premises 96 sq m (1,033 sq ft)
First Floor: 2 Residential Flats 96 sq m (1,033 sq ft)
Flat 1 - 1 Bedroom, Kitchen/Living Room, Bathroom/WC
Flat 2 - 2 Bedrooms, Kitchen/Living Room, Bathroom/WC
Second Floor: 1 Residential Flat 36 sq m (388 sq ft)
Flat 3 - 1 Bedroom, Kitchen/Living Room, Bathroom/WC

Location:
Brentwood is a town in the Borough of Brentwood, in the county of Essex in the East of England. It is in the London commuter belt, situated 20 miles east-north-east of Charing Cross and close by the M25 motorway. The A12 road, which runs between London and Lowestoft, by-passes the town to the north and the London orbital M25 motorway is located 1.2 miles (2 km) to the south-west of the town. Brentwood railway station is located to the south of the town centre and is served by TfL Rail stopping services between London Liverpool Street and Shenfield. The property is located within 0.4 miles from Brentwood Train Station. Nearby occupiers include Papa John`s Pizza, Subway and Prezzo, amongst number of local traders.

Brochures

137 High Street, Brentwood, Essex, CM14

Approximate location

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Brentwood Station0.4 miles
  • Shenfield Station1.6 miles
  • Harold Wood Station3.3 miles

About Blue Alpine, London

83c Ashley Gardens, Thirleby Road, London, SW1P 1HG

Blue Alpine is a leading advisory company that helps clients around the world turn property into a path for growth. We plan and deliver solutions that manage risk, optimise benefits, and expand the power of capital to protect and strengthen portfolios. Together, we unlock potential. At Blue Alpine, we believe a comprehensive understanding of a client’s financial goals are key to helping them fulfil their investment expectations. By employing a transparent and consultative approach we can asse

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Notes

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Disclaimer - Property reference CM144RZ. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Blue Alpine, London. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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