Lot 86 - FREEHOLD TOWN CENTRE COMMERCIAL INVESTMENT INCLUDING VACANT FLAT

Sold Prior

Currently let at £16,500 per annum

A two-storey freehold property arranged to provide a ground floor retail unit which is let to an aquatics and marine stockist, together with a vacant self-contained first floor flat now in need of improvement and refurbishment. Situated close to the junction of Shenfield Road and Ongar Road, it is within close proximity to Brentwood High Street with a wide range of independent retailers. Brentwood station (TFL) is approximately just under a mile, providing a regular service to London Liverpool Street.

Commercial Unit

Tenancy

Let on a commercial lease to H20 Aquatics for a term of 8 years, from 15th July 2019, at a current rental of £16,500 per annum, with a rent review due. For further details on rent review pattern, please refer to the legal pack.

Self-Contained Flat

Ground Floor

Entrance leading to:

First Floor

Landing, living room, kitchen, two bedrooms and bathroom with W.C. Windows are double-glazed and there is a gas heating system via radiators.

Tenure

Freehold with vacant possession of the first floor flat and subject to the existing commercial lease.

Auctioneer's Note

At the time of publication, the Auctioneers have not inspected the commercial unit. Images and a video of the first floor flat are available to view on the Clive Emson website.

Important

All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers Solicitors), together with the Addendum, which will be available on Auction Day.

* Price Information

Guides are provided as an indication of each Seller’s minimum expectation. They are not necessarily figures at which a property will sell for and may change at any time prior to Auction. Unless stated otherwise, each Lot will be offered subject to a reserve (a figure below which the Auctioneer cannot sell the Lot during the Auction).

We expect the reserve will be set within the guide range or no more than 10% above a single figure guide. Please check our website regularly at cliveemson.co.uk, or contact us on 01622 608400, in order to stay fully informed with the up-to-date information.

Additional Fees

An Administration fee and Other non-optional fees may also be payable in addition to the bid price. All lots are offered subject to the Common Auction Conditions and Special Conditions of Sale or Revised Special Conditions of Sale (as applicable) and may include the repayment of search and other fees and or costs payable by the buyer.

All buyers are advised to inspect all available legal documentation prior to bidding and will be deemed to fully understand what they may be liable for if they are successful in purchasing. This should also include Stamp Duty, Land Registry fees and VAT which may become payable on completion in line with any property transaction, whether it is by auction or private treaty. If, as a buyer, you are in doubt you should seek advice from your own professional advisors. For more information on fees please go to cliveemson.co.uk/buyers-fees/