89 High Street, Billericay, CM12 9AT

Description
A period property forming part of a former Lloyds Bank which has recently undergone re-development comprising residential units and a refurbished ground floor commercial unit together with basement.

Location
The property is prominently positioned in Billericay High Street surrounded by various national and local retailers, cafes and a Waitrose supermarket. Billericay is an affluent commuter town with good access to its neighbouring towns of Brentwood, Basildon & Chelmsford. Train links into London via Billericay main line station to Liverpool Street, which is within 10 minutes walk.

Tenancy
The property is let to Cash Access (UK) Limited ( company no - 14546064 with a 2024 YE turnover of £46m) on a 10 year lease from 07/10/2025 subject to 5th year break and 5th year review at a current passing rent of £28,250 raising to £56,500 in October 2026. A penalty of £14,125 is payable if the tenant exercises the break.

Terms
The property is offered for sale on a 999 year long leasehold subject to the above sub tenancy. Price upon application.

Business Rates
The property is to be reassessed for business rates.

EPC
The property has an energy performance rating of D 87.

Legal Costs
Each party to bear their own legal costs.

AMLR
In line with current Anti-Money Laundering Regulations, all prospective tenants or purchasers will be required to provide satisfactory identification and verification documentation before any offer can be accepted. We may undertake electronic checks to comply with these obligations.

Administrative Fee
Upon terms being agreed, and prior to Solicitors being instructed, the prospective purchaser must pay a fee of £250 + VAT to MJM Property Consultants to cover associated administrative costs incurred in the property application process.