Mixed use property for sale
23 High Street, Ingatestone, Essex, CM4 9DU
- PROPERTY TYPE
Mixed Use
- SIZE
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Key features
- Freehold
- Strictly by appointment with the Auctioneers
Description
MIXED USE INVESTMENT OPPORTUNITY: A FREEHOLD BUILDING COMPRISING A BAR/RESTAURANT AND SIX FULLY LET APARTMENTS PRODUCING £88,840 PER ANNUM
An iconic building situated in the centre of Ingatestone village, just a short, scenic walk to the train station offering direct links to London. The freehold building comprises of a bar/restaurant and six fully let apartments producing a total annual income of £88,840.
Commercial unit :
Ground floor - 634 sq.ft (58.89 sq.m)
Basement - 423 sq.ft (39.3 sq.m)
Flat 1 - Ground floor - 499 sq.ft
Flat 2 - First floor - 564 sq.ft
Flat 3 - First floor - 568 sq.ft
Flat 4 - Second floor - 539 sq.ft
Flat 5 - First floor - 505 sq.ft
Flat 6 - Ground floor - 563 sq.ft
The six apartments are let on assured shorthold tenancy agreements producing an income of £5,945 pcm (£71,340 pa). The bar/restaurant produces an income of £17,500 pa.
The commercial premises is let by way of a Full Repairing and Insuring lease to the Longe Restaurant Group Limited until the 27th August 2032 at a rent of £17,500 per annum
Commercial - D
Flat 1 - C
Flat 2 - E
Flat 3 - D
Flat 4 - D
Flat 5 - C
Flat 6 - C
Brochures
Legal DocumentsEnergy Performance Certificates
EPC 1EPC 2EPC 3EPC 4EPC 523 High Street, Ingatestone, Essex, CM4 9DU
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Ingatestone Station0.3 miles
- Billericay Station3.2 miles
- Shenfield Station3.7 miles
Notes
Disclaimer - Property reference 321745. 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 Auctions, Essex. 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.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Dedman Gray Auctions, Essex on 01702 311010.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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