Substantial Investment Property in Brentwood, Essex

  • Price: £1,250,000
Brentwood, Essex, England
Seller Ref:NB-M5146
For Sale

Substantial Investment Property in Brentwood, Essex

Brentwood, Essex, England
Seller Ref:NB-M5146
  • Price: £1,250,000

Overview

Seller Ref: NB-M5146

Description

Nationwide brings to the market this SUBSTANTIAL DETACHED FREEHOLD INVESTMENT plus 2 FLATS. Situated in a village, main road location ESSEX.

Currently trading as Convenience Store/Off Licence let on a 15 years lease from 2015 at a rental of £15,600 p.a. with 5 yearly reviews.

19th Century property

Commercial & residential property consists of basement, ground floor, 1st floor, 2nd floor.

General store off licence area, general store toilet in the ground floor andbasement stockroom. Leased until end 2030.

Basement in the region of 270 ft²

Greneral Store, stockroom

Ground Floor
General Store with off licence area in the region of 1,050 ft²

General store toilet

Additional ground floor small room & passage

TO INCLUDE THE FREEHOLD INVESTMENT £1,250,000 subject to contract
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT (Our brokers can lend up to 50% on a leasehold or 75% on a freehold purchase, subject to status, please contact us for a free quote)

Request Details to see Additional Information e.g. Opening Hours, Staffing and Tenure. Viewing Strictly by appointment via Nationwide Businesses Ltd 020 8763 1777.Freehold : £1,250,000 (M5146)

www.NationwideBusinesses.co.uk

Is accommodation included:
Yes
Accommodation details:
Ground floor 2 residential STUDIO FLATS, entrance through gates. Were rented for £450 each (at present pending planning permission for residential use). Earlier requested planning permission, was rejected. At present working with the Council on this. The total flat space is around 40 sq. metres. This space could be used for residential, if the planning successful, or commercial as it is.

The first floor & 2nd floor includes only the upstairs flats, comprising:

4 Spacious Bedrooms
3 Bathrooms wich shower cubicles
Lounge area
Dining Room
KitchenGarden side of building, driveway, double garages
Is stock included:
NA

Listed By:

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