LOT 5

109 High Street, Brentwood, Essex, CM14 4RX

FREEHOLD TOWN CENTRE COMMERCIAL INVESTMENT PLUS 3 SELF-CONTAINED FLATS - TWO LET AND ONE VACANT

Result: Sold for £845,000 Guide price: £770,000 PLUS*

Auction Date

Tuesday, 14th September 2021 12:00am

Brentwood is an attractive cathedral town in Essex about 11 miles from Chelmsford just to the south of the A12 which is a few minutes drive from J28 of the M25. On the north side of the busy High Street in a conservation area comprising a terraced shop with 3 self-contained flats above and a tunnel access-way. National retailers, banks, restaurants and pubs are nearby including Domino's, Nando's, HSBC and Subway with amongst others, M&S, New Look, Barclays, Costa and Greggs all in the High Street as well. The mainline station (future Crossrail) is a few minutes walk away.

Accommodation

Second Floor: Flat 2: Reception with fitted kitchen area, bedroom, shower/toilet
Let on AST for 1 year from 30.06.2021 at £700 pcm.
Second Floor: Flat 3: Reception with fitted kitchen area, bedroom, shower/toilet
Let on AST for 1 year from 04.03.2021 at £750 pcm.
First Floor: Flat 1: Reception with fitted kitchen area, master bedroom with en-suite shower/toilet, bedroom, bathroom/toilet. VACANT
Shop: 660 sq ft (61.3 sq m), plus kitchen and toilets. Rear access.
Let on a repairing and insuring lease to Coral Racing Limited for 10 years from 18.01.2013 at £30,000 p.a. Corals have since under-let to Boltel Limited (currently trading as the Essex Gift & Party shop).

EQUIVALENT TO £47,400 p.a. PLUS VACANT TWO BEDROOM FLAT

EPC Rating

Shop: On application & each flat: D

Note

1. Auction Surveyor: Ian Mann
Contact 020 8509 4407 ian.mann@strettons.co.uk
2. All flats have double-glazing and entry phones

Status

Sold for £845,000

* The Notice to Bidders, which can also be seen on the inside front cover of the hard copy catalogue, includes a definition of Guide Price [section #17] Note that in addition to the purchase price there is a buyer’s administration fee [section #13] and there may be additional non-optional fixed or variable fees and costs [section #8]. To establish the full cost of purchasing a property, please inspect the legal documentation/special conditions. Please also check strettons.co.uk for updates.