Billericay is a commuter town in Essex with a population of 40,000. The town lies 25 miles to the east of central London and 7.6 miles to the south of the county town of Chelmsford. Billericay is a part of the London commuter belt. It is served by Billericay railway station on the National Express East Anglia route from Liverpool Street. Billericay is close to two primary routes, the A12 to the north and the A127 in the south. The town is a destination on the A129, linking it to the neighbouring towns of Brentwood and Wickford.
Leasehold. Our Clients have agreed terms in principle for a new 25 year lease, subject to 5 yearly rent reviews, at a rent of £47,500 per annum, with a break clause at the 5th year. The lease comprises the Restaurant, the first floor and the adjoining premises. The adjoining premises are to be let on a sublease to the existing occupiers for 10 years with a rent review and break clause at the 5th year. In addition, our Client will also be letting the first floor under an informal arrangement, which will generate additional rental income of £8,400 per annum. This results in a net rent of £18,100 per annum.
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