High Street, Wickford, Essex, SS12
£292.92 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
2,219 sq ft
206 sq m
- SECTOR
Commercial property for sale
Key features
- Freehold Investment Opportunity
- Ground Floor Restaurant
- 4 Bedroom Maisonette let on AST
- Prominent High Street position
- Close to Wickford Train Station
- Combined Income of £40,800 p.a. excl.
Description
Investment opportunity comprising a deceptively large, single storey, restaurant which has been fitted to an exceptionally high standard by the current tenants, along with a fully self-contained four-bedroom maisonette.
The property is prominently positioned on the western side of Wickford High Street, a short distance from its junction with Market Road and less than 300m from Wickford Mainline Train Station, with journey times of approx. 45 mins to London Liverpool Street.
Wickford is located approx. 3 miles north of Basildon, 10 miles west of Southend and 8 miles south of Chelmsford.
Accommodation
The property has been measured on a Net Internal (NIA) basis, and the following approx. floor areas calculated: Main Restaurant: 1,565 sq ft (145.42 sq ms) Ancillary Areas: 369 sq ft (34.29 sq ms) Kitchen: 285 sq ft (26.43 sq ms) 4 Bedroom Flat: Unmeasured
Tenure
The commercial property is let by virtue of a 25-year lease commencing 22nd January 2008 (expiring 2033) at a current rent of £30,000 p.a. and we understand that the 2023 rent review is yet to be implemented. The 4-bedroom Maisonette is occupied on the basis of an AST with a September 2025 expiry, at a rent of £10,800 p.a.
Business Rates
The premises currently appear on the 2023 Rating List as ‘Restaurant & Premises’ with an adopted rateable value of £27,640.
Commercial Energy Performance Certificate
The commercial property has a Commercial Energy Performance Certificate (EPC) rating of C-59, valid until 18th January 2031. This certificate will be made available for inspection. The 4-bedroom Maisonette has an EPC rating of D-62, valid until 10th May 2029
Freehold Price
The investment is offered for freehold sale, subject o an asking price of £650,000
Viewing Arrangements
Strictly via the Sole Selling Agents. For more details or to arrange a viewing please contact: Roy Horton DD: E:
Brochures
High Street, Wickford, Essex, SS12
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Wickford Station0.2 miles
- Battlesbridge Station2.1 miles
- Pitsea Station3.7 miles
Notes
Disclaimer - Property reference DCM250019. 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 Dedman Gray Property Consultants Limited, Thorpe Bay. 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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