Retail premises for sale in High Street, Ingatestone CM4

Location

The building is conveniently located on High Street (B1002), Ingatestone, close to it's junction with Stocks Lane and Fryerning Lane. It is adjoining to Jennings Bet, a few doors down from The Co-operative and opposite Budgens.The A12 thoroughfare can be accessed to the East via Roman Road. Ingatestone Station which has a service to London’s Liverpool Street is within 10 minutes’ walk.

Accommodation

At ground floor level, accommodation comprises commercial premises arranged as sales area, ancillary storage and cold room trading. The external stores and cold room can be either accessed from the shop or to the rear service road from Stock Lane also providing loading/unloading. Behind the trading area, there is a self-contained 1-bedroom flat accessible by virtue of an independent entrance to the front elevation of the building.

The upper parts consist of two further self-contained flats, arranged as 1 x 1 bedroom split-level maisonette to first floor and loft (dormer) levels, and 1 x 2 bedroom flat to the first floor. Both of these flats are accessed from an external staircase to the rear of the building via the service road.

Lease terms

The ground floor commercial unit is held on a Full Repairing and Insuring Lease for a term of 5 years from October 2016 Inside The Act at a rental of £10,800 . The Tenant is therefore holding over.

The flats are all rented on AST's on the following rentals per calendar month:

- 21a: £825.00

- 21b: £750.00

- 21c: £700.00

Total combined rent is therefore £38,100 per annum.

Price

Offers are sought in excess of £700,000 subject to contract for the freehold interest with the current Tenancies in place.