COMMERCIAL PROPERTY SPECIALISTS

COMMERCIAL PROPERTY SPECIALISTS
Branch Associates

Thurrock Office: 01708 860696

Maldon Office: 01621 855725

Branch Associates

Thurrock Office: 01708 860696

Maldon Office: 01621 855725

Branch Associates

Thurrock Office: 01708 860696

Maldon Office: 01621 855725

DOWNLOAD PROPERTY INFORMATION

Location

Forming part of a modern commercial development directly opposite the car park of Chafford Hundred Train Station, which, provides a service to London (Fenchurch Street) in approximately 33 minutes. The property is 1.2 miles from the A13, linking with the National Motorway network via junctions 30/31 M25 less than 3 miles distant. Other occupiers include an Estate Agent and Tesco Express.


The property

Four self-contained units each with its own private access arranged as follows:

Unit 4 first floor – comprising a beauty and tanning salon. There is an open plan area, three treatment rooms, two tanning booths, small office, toilet and kitchen.

Unit 4 ground floor – a bar providing open plan seating, store, kitchen and ladies/gents toilets.

Unit 5 first floor – modern open plan offices with two toilets.

Unit 5 ground floor – a fish & chip takeaway comprising counter, storage and prep areas with single toilet.

Each benefits from car parking at the rear.

NOTE: The premises are available in two parts or combined.


Accommodation The approximate gross internal floor area is:         

                              Sq ft       Sq m

Unit 4                    2,000      186

Unit 5                    2,000      186

Total                     4,000      372

Note: The approx net internal area is 1700 and 1670 sq ft respectively.


Tenure

Freehold for sale subject to the leases as below.


Energy Performance Certificate

The EPC rating across both floors of unit 5 is C65. A report for unit 4 is in the process of being prepared.


Lease

All are effective full repairing and insuring via a service charge within the renewal provisions of the Landlord & Tenant Act as follows:

Unit 4 first floor – Halo Beauty & Tanning Ltd. 10 years from 17th May 2016 at £22,000pax.

Unit 4 ground floor – Mr Stephen Reidy. A new 10 year lease with 5 year rent review at £28,000pa. This lease is in the process of being completed.

Unit 5 first floor – Roar Empire CIC. 5 years from 4th June 2021 at £18,000pax. Mutal option to break on the 3rd anniversary, subject to 6 months prior notice.

Unit 5 ground floor – Hay Bagri Ltd with Guarantor. 10 years from 2019 at £26,000pax, subject to rent review 2023.

Therefore the total rent receivable is £94,000pax.


Proposal

Offers in the region of £1,400,000 are sought for the freehold, subject to leases as described. Alternatively, £750,000 for unit 4 and £650,000 for unit 5.


Legal costs

Each party is to be responsible for the payment of their own legal costs incurred.


Agent’s Note

All figures are quoted exclusive of VAT.

No warranty is given in respect of the current planning use and none of the amenities or fixtures and fittings have been tested.

Awaiting client’s approval


Enquiries/viewing

Strictly by prior arrangement with joint sole agents Branch Associates on 01708 860696/ 07775 804842 or jb@branchassociates.co.uk Contact Johnathan Branch

Joint agent: Glenny 01268 540771

Enquiries/viewing
Please contact us on
01708 860696
07775 804842
or email: jb@branchassociates.co.uk
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©2024
 Branch Associates Ltd
Privacy Policy
Website by
www.labanbrowndesign.co.uk