46-54 High Street Ingatestone Essex CM4 9DW

46-54 High Street
Ingatestone
Essex
CM4 9DW

Freehold Supermarket and Office Investment

  • Let to Budgens Stores Limited and Taylor Viney & Marlow Chartered Accountants
  • Leases expire in 2022 (with Budgens option to extend)
  • Approximately 1,307.57 sq m (14,075 sq ft) with car park to the rear
  • Potential future conversion of upper parts (subject to lease and consents)
  • Prosperous Essex commuter town
  • Lot
    30
  • Auction
    23rd October 2014
  • Rent
    £135,500 per Annum Exclusive
  • Status
    Sold
  • Price
    £2,020,000
  • Sector
    Supermarket
  • Auction Venue
    The Millennium Hotel
    44 Grosvenor Square
    London W1K 2HP
Important Update
  • Expand
  • Photos
  • Map

* More information on the term "guide" can be found here

Freehold Supermarket and Office Investment

  • Let to Budgens Stores Limited and Taylor Viney & Marlow Chartered Accountants
  • Leases expire in 2022 (with Budgens option to extend)
  • Approximately 1,307.57 sq m (14,075 sq ft) with car park to the rear
  • Potential future conversion of upper parts (subject to lease and consents)
  • Prosperous Essex commuter town
  • Lot 30
  • Auction 23rd October 2014
  • Rent
  • Status Sold
  • Price £2,020,000
  • Sector
    Supermarket
  • Auction Venue
    The Millennium Hotel
    44 Grosvenor Square
    London W1K 2HP

Property Information

Location
Miles
5 miles north-east of Brentwood
6 miles south-west of Chelmsford
25 miles north-east of Central London
Roads
A12, A414, M25 (junction 28)
Rail
Ingatestone Railway Station (29 mins direct to London Liverpool Street)
Air
London Stansted Airport
Situation

Ingatestone is a prosperous and attractive town situated off the A12, an arterial
route between Chelmsford to the north-east and Brentwood to the south-west.
The property is prominently situated on the north side of High Street, close to
its junction with Fryerning Lane. Nearby occupiers include Co-operative Supermarket, Barclays and Santander Banks and a range of independent retailers.

Tenure

Freehold.

Location
Miles
5 miles north-east of Brentwood
6 miles south-west of Chelmsford
25 miles north-east of Central London
Roads
A12, A414, M25 (junction 28)
Rail
Ingatestone Railway Station (29 mins direct to London Liverpool Street)
Air
London Stansted Airport
Situation

Ingatestone is a prosperous and attractive town situated off the A12, an arterial
route between Chelmsford to the north-east and Brentwood to the south-west.
The property is prominently situated on the north side of High Street, close to
its junction with Fryerning Lane. Nearby occupiers include Co-operative Supermarket, Barclays and Santander Banks and a range of independent retailers.

Tenure

Freehold.

Description

The property comprises a supermarket arranged on the ground floor and basement with self-contained office accommodation on the first and second
floors, accessed from the front. The property benefits from a significant frontage to High Street and a car park to the rear for approximately 21 cars,
accessed via Haslers Court.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises a supermarket arranged on the ground floor and basement with self-contained office accommodation on the first and second
floors, accessed from the front. The property benefits from a significant frontage to High Street and a car park to the rear for approximately 21 cars,
accessed via Haslers Court.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x Reviews
Ground
Basement
Supermarket
Ancillary
455.67 sq m
262.35 sq m
(4,905 sq ft)
(2,824 sq ft)
BUDGENS STORES
LIMITED (1)
16 years from 17/03/2006 until 2022 on a full repairing and insuring lease (2) £73,000 17/03/2016
First
Second
Offices
Offices
316.05 sq m
273.50 sq m
(3,402 sq ft)
(2,944 sq ft)
TAYLOR VINEY &
MARLOW CHARTERED
ACCOUNTANTS (3)
10 years from 25/12/2012 until 2022 on a full repairing and insuring lease £62,500 25/12/2017
Totals
1,307.57 sq m
(14,075 sq ft)
    £135,500

(1) Budgens was founded in 1982 and is one of the oldest supermarket brands in Great Britain. In 2002, Budgens became part of the Musgrave Group and today has over 190 stores nationwide. (Source: www.budgens.co.uk). For the year ending 31/12/2012, Budgens Stores Limited reported a total net worth of £36,942,000.
(Source: www.riskdisk.co.uk 23/09/2014). The tenant has sublet the ground floor and basement to Beckwith Retail Limited with a personal guarantee.
(2)The lease provides for a tenant option to extend the lease for a further 10 years on the 17th March 2016.
(3)Taylor Viney & Marlow is an independent firm of Chartered Accountants established in 1973 with offices in both Ingatestone and Leigh-on-Sea.
(Source: www.tvmaccounts.co.uk)

Property Documents

  • Catalogue Page
    Updated Date
    30.09.14
    File Size
    2 MB
    View PDF
  • Site Plan
    Updated Date
    30.09.14
    File Size
    1 MB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
Seller's Solicitors
Druces LLP Salisbury House, London Wall
London
EC2M 5PS
Karen Chapman 0207 216 5591k.chapman@druces.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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