LOT 38

43 High Street, Billericay, Essex, CM12 9AX

FREEHOLD TOWN CENTRE COMMERCIAL INVESTMENT COMPRISING A RESTAURANT AND DENTAL PRACTICE WITH TOTAL RENT OF £46,300 P.A.

Guide price: £875,000 - £900,000*

Auction Date

Thursday, 15th July 2021 12:00pm

Billericay is an Essex town reached from ……. A large, attractive terraced double-fronted Grade II Listed period property in a conservation area and described by the local authority as a property with an 18th century red brick front. On the west side of the busy High Street comprising an Italian restaurant with a dental surgery above each accessed from a shared porchway. Next to a NatWest bank with many national multiples nearby including Waitrose, Specsavers, WH Smith, Iceland, Costa and Boots. The mainline station is a short walk away.

EQUIVALENT TO £46,300 p.a. WITH REVERSION ON RESTAURANT AND RENT REVIEW ON DENTIST IN 2022

Note

Auction Surveyor: Ian Mann
Contact: 020 8509 4407

Status

Addendum

The restaurant lease expires 27.05.2022

Accommodation

Unit Accommodation Tenancy Rent pcm EPC Rating
Amico Italian Restaurant VOA: 1,370 sq ft / 127 sq m
Restaurant, bar area, kitchen, office
S Uddin for 20 years expiring 21.05.2022 - verbal indication he wants to renew £31,000 p.a. On application
Billericay Dental Practice VOA: 827 sq ft / 77.4 sq m on 2 floors
4 treatment rooms, waiting room, decon. room, toilet - all recently refurbished
Khroud Ltd, M Khroud & A Hyare (by assignment) for 17 years from 26.06.2014 with 4 year reviews £15,300 p.a. With review in 2022 On application

* 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.