76 Ongar Road & 4 North Street Brentwood Essex CM15 9AX

  • 76 Ongar Road & 4 North Street<br>Brentwood<br>Essex<br>CM15 9AX

76 Ongar Road & 4 North Street
Brentwood
Essex
CM15 9AX

Freehold Retail and Residential Investment

  • Three retail units in corner position within town centre
  • Two residential units on upper floors let on ASTs
  • Located in busy commuter town 36 minutes from Central London by train
  • Adjacent to Sainsbury’s Superstore
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    16
  • Auction
    7th July 2016
  • Rent
    £57,693 per Annum Exclusive
  • Status
    Sold
  • Price
    £582,000
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Squafre
    London W1H 7BG
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Freehold Retail and Residential Investment

  • Three retail units in corner position within town centre
  • Two residential units on upper floors let on ASTs
  • Located in busy commuter town 36 minutes from Central London by train
  • Adjacent to Sainsbury’s Superstore
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot 16
  • Auction 7th July 2016
  • Rent £57,693 per Annum Exclusive
  • Status Sold
  • Price £582,000
  • Sector
    Restaurant
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Squafre
    London W1H 7BG

Property Information

Location
Miles
12 miles south-west of Chelmsford, 23 miles north-east of Central London
Roads
A12, A127, M25 (Junction 28)
Rail
Brentwood Rail (36 mins to London Liverpool Street)
Air
London City, London Stansted
Situation

Brentwood is a busy commuter town some 23 miles north-east of Central London. London Liverpool Street is accessible by train in 36 minutes. The property is located to the north of the town centre on the western side of Ongar Road (A128), at its junction with North Road. Sainsbury’s Superstore is located to the rear with a number of independent retailers nearby.

Tenure

Freehold.

Location
Miles
12 miles south-west of Chelmsford, 23 miles north-east of Central London
Roads
A12, A127, M25 (Junction 28)
Rail
Brentwood Rail (36 mins to London Liverpool Street)
Air
London City, London Stansted
Situation

Brentwood is a busy commuter town some 23 miles north-east of Central London. London Liverpool Street is accessible by train in 36 minutes. The property is located to the north of the town centre on the western side of Ongar Road (A128), at its junction with North Road. Sainsbury’s Superstore is located to the rear with a number of independent retailers nearby.

Tenure

Freehold.

Description

The property comprises three retail units with two residential flats on upper floors.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

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

Description

The property comprises three retail units with two residential flats on upper floors.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

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

Tenancy & Accommodation

Unit Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x Reversion
76 Ongar Road Ground Hot Food
Takeaway
47.30 sq m
(509 sq ft)
 INDIVIDUAL
(t/a Pizza Go Go)		 15 years from 24/06/2004 £15,507 24/06/2019
76A Ongar Road Ground Hot Food
Takeaway
48.30 sq m
(520 sq ft)
 INDIVIDUAL
(t/a Brentwood
Kebab)		 12 years from 24/06/2004 £13,786 23/06/2016 (1)
4 North Road Ground Hot Food
Takeaway
50.70 sq m
(546 sq ft)
 INDIVIDUAL
(t/a Pink Garlic)		 13 years from 10/09/2007 £14,000 21/03/2020
Flat 1
76 Ongar Road		 Uppers Residential
One Bedroom Flat
 INDIVIDUAL 1 year AST from 28/02/2016 £7,980 28/02/2017
Flat 2
76 Ongar Road		 Uppers Residential
One Bedroom Flat
 INDIVIDUAL 3 year AST from 04/11/2013 £6,420 03/11/2016
Total Commercial Floor Area     146.30 sq m (1,575 sq ft)     £57,693

(1) The tenant is holding over.

Contacts

Seller's Solicitors
Eversheds LLP 1 Callaghan Square
Cardiff
CF10 5BT 029 2046 4347
David Farmer 029 2047 7887davidfarmer@eversheds.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk
Property InsuranceBrown & BrownNatasha WardBroking Director+44 7545 208 759bbrown.com

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