De Burgh House, Market Road, Wickford, SS12 0BB
Size
11,856
Tenure
Freehold
EPC
Parking
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- Primary use
- High street retail
- Other use(s)
- Other, Other leisure, Mixed use, Traditional office
- Frontage
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Key features
- Investment Opportunity
- Prominent Location
- Currently Producing £115,000 Per Annum
- Building Set Over 3 Floors
- Offers In Excess Of 1.5 Million
Description
This property is situated on Market Road in Wickford, just off the High Street. The property benefits from excellent road connections, including access to the A127 and A132, and is well-served by public transport with Wickford Railway Station nearby offering direct services to London.
Strictly by prior appointment via vendors appointed agents Ayers & Cruiks.
A portion of the ground floor and part of the first floor are leased to Aslan Fitness Limited under a 20-year agreement commencing on October 2, 2024. The lease includes an 18-month rent-free period, after which an annual rent of £55,000 will be payable, subject to rent reviews every five years. These reviews are capped and collared between 1.5% and 3.5%. Additionally, the lease includes tenant break options in the 10th and 15th years. The vendor will make up the balance of the remaining rent-free period.
The remaining portion of the first floor is leased to Harvey Copping but will be terminated shortly and negotiations for a new lease are expected to commence soon.
The second floor is leased to Animo Associates, with the lease set to expire on November 29, 2027. They are paying an annual rent of £37,000.
Offers in excess of £1.5 million.
- Service charge
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- Business rates
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- Use class
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- Listed building
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An Energy Performance certificate helps you understand the current energy efficiency of a property.
Read more about EPC requirements- BREEAM rating
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- Environmental description
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Brochure
De Burgh House, Market Road, Wickford, SS12 0BB
About Highlands Properties Limited, Southend
Established in 1997 Ayers & Cruiks have grown to become the areas largest firm of Residential and Commercial Property Managers, Chartered Surveyors and Commercial Estate Agents. We manage a large portfolio of residential flats, houses and commercial units situated throughout the South East of Essex priding ourselves on client service and professional advice.
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Disclaimer - Property reference 326762-1. 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 Highlands Properties Limited, Southend. 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.