A modern new built property consisting of a retail unit trading as a hairdresser and with 4 self-contained flats accessed from an independent street entrance.
Location
The property is located on the West side of Ongar Road directly opposite Sainsburys and very close to the junction of William Hunter Way and High Street, Brentwood.
Brentwood is a highly affluent historical Essex Town that has an abundance of popular retailers within its High Street together with blend of modern amenities, green spaces, and old-world charm. It has good transport links, with Brentwood train station (Elizabeth Line) offering services to London, while major roads like the A12 and M25 are nearby for easy car access.
Accommodation
Ground Floor - Commercial - Hairdresser
1st & 2nd Floor - Flat 1 - 1 Bed Duplex
1st Floor - Flat 2 - 1 Bed
2nd Floor - Flat 3 - 1 Bed
Top Floor - Flat 4 - 2 Bed
Terms
Tenure: Freehold
Price: Offers sought in the region of £995,000, subject to contract
Our Opinion on Capital Value of each Part Commercial @ 7% NIY = £200,000
Flat 1 £275,000
Flat 2 £275,000
Flat 3 £275,000
Flat 4 £350,000
Combined Value - £ 1,375,000
Legal Costs: Each party to pay for their own legal fees
Anti-Money Laundering: Due to recent changes in the Anti Money Laundering regulation, it is now standard procedure to undertake a Personal and Company and general AML checks, admin cost of £350 + VAT.
Holding Deposit: Tenants wishing to secure this property may be required to pay a holding deposit to Countrywide Commercial of £3000. This deposit is not refundable except if the vendor withdraws, clear title cannot be proven or the tenant’s references, AML, and Credit checks are not acceptable to the landlord. This deposit is held in our client’s account until completion.
Tenancy information: See attached brochure for information
Specification
- Freehold
- Fully Rented
- Brentwood Town Centre
- 2 Bed, 1 Bed Duplex & 2 x 1 Beds
- Individually Rented
- Total income - £68,520 pax
- Price - £995,000