113-115 High Street, Brentwood, Essex, CM14 4RX

** For sale by public auction on 11th September at 12:00 **

Location & Description
The property is located in the attractive Catherdral town of Brentwood in Essex, and is 11 miles south west of Chelsmford and just to the south of the A12, close to Junction 28 of the M25. The property located on the north side of Brentwood High Street (A1023) and can be reached via Kings Road (B186). Brentwood Tube Station (Elizabeth Line) is 500m to the south.

The property comprises a large freehold commercial and residential unit over three floors and consists of two retail units on the ground floor, an office/studio on the first floor and two 2bedroom flats on the second floor. To the rear of the property is parking for up to 9 cars which can be reached via Bishops Gate Road and a pedestrianised walkway to the left handside of the property.

Accommodation
Whilst Strettons have not internally inspected some of the property we understand it comprise -

Ground Floor Retail Unit 1 (Dominos) : Customer area, preparation area, kitchen, office, two store areas and toilet 1,228 Sq Ft (114 Sq M)

Ground Floor Retail Unit 2: Reception and range of customer service areas and facilities (not inspected) 1,144 Sq Ft (106 Sq M)

First Floor Office: Studios and training centre (not inspected) 1,623 Sq Ft (151 Sq M)

Second Floor Flat 1: Two bedrooms (not inspected) 836 Sq Ft (78 Sq M)

Second Floor Flat 2: Two bedrooms (not inspected) 836 Sq Ft (78 Sq M)

Car Park: 9 Space


Tenure
Freehold

Tenancy Details
Retail Unit 1 - Let to DP Realty Ltd t/a Dominos for a term of 35 years from 28/11/1997 to 27/11/2032 at a rent of £35,000 per annum (last reviewed 2022).

Retail Unit 2 - Let to Individual t/a COSMESSEX for a term of 5 years from 29/03/2019 to 28/03/2024 (Holding over) at a rent of £21,672 per annum

First floor office/studio - Let to individual t/a COSMESSEX for a term of 5 years from 04/04/2022 to 04/04/2027 at a rent of £29,928 per annum

Flat 1 - Let to individual on Assured Shorthold Tenancy (AST) at £18,000 per annum

Flat 2 - Let to individual on Assured Shorthold Tenancy (AST) at £18,000 per annum


Note
1. Development potential (subject to planning).

Auction Surveyor : Rob Hills
Contact :
Robert.

PRODUCING £122,600 PER ANNUM

EPC Rating
Retail Unit 1 - D
Retail Unit 2 & first floor - D
Flat 1 - D
Flat 2 - E

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