Auction Venue Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
2.5 miles south-east of Braintree, 13 miles north-east of Chelmsford, 16 miles south-west of Colchester, 22 miles east of Bishop’s Stortford
Roads
A12, A120, M11
Rail
Braintree Freeport Railway Station, Cressing Railway Station
Air
London Stansted Airport
Situation
The property is prominently situated on Braintree Road (B1018) approximately 1 mile south of the historic market town of Braintree and the important Freeport Factory Outlet Village with 90 factory stores. The A120, a highly busy arterial route connecting to the M11, Colchester and Chelmsford is to the west of the property. Braintree is a popular Central London commuter town. Nearby occupiers include adjoining Cressing Primary School and Freeport Factory Outlets.
Tenure
Freehold.
Location
Miles
2.5 miles south-east of Braintree, 13 miles north-east of Chelmsford, 16 miles south-west of Colchester, 22 miles east of Bishop’s Stortford
Roads
A12, A120, M11
Rail
Braintree Freeport Railway Station, Cressing Railway Station
Air
London Stansted Airport
Situation
The property is prominently situated on Braintree Road (B1018) approximately 1 mile south of the historic market town of Braintree and the important Freeport Factory Outlet Village with 90 factory stores. The A120, a highly busy arterial route connecting to the M11, Colchester and Chelmsford is to the west of the property. Braintree is a popular Central London commuter town. Nearby occupiers include adjoining Cressing Primary School and Freeport Factory Outlets.
Tenure
Freehold.
Description
The property comprises a petrol filling station with a convenience store with off-licence. The property benefits from a site area of approximately 0.081 hectares (0.20 acres).
Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.
VAT
VAT is not applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a petrol filling station with a convenience store with off-licence. The property benefits from a site area of approximately 0.081 hectares (0.20 acres).
Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.
VAT
VAT is not 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
Petrol Station & Convenience Store
106.50 sq m
(1,146 sq ft)
MR AMIRTHALINKAM (t/a Londis) (1)
20 years from 05/03/2014 until 04/03/2034 on a full repairing and insuring lease (2)
£60,000
05/03/2019 & 5 yearly
Totals
106.50 sq m
(1,146 sq ft)
£60,000
(1) Since July 2004, Londis has been part of the Musgrave Group, one of Ireland’s biggest retailers. With approximately 2,000 members, all independently owned, Londis aims to grow businesses in the rapidly expanding convenience market (Source: www.londis.co.uk 18/02/2015) (2)The lease is outside the Security of Tenure provisions of the Landlord & Tenant Act 1954.
