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Lot 12 Click here for addendum

Freehold Commercial Investment
On behalf of Executors and others
6 Week Completion

Situation

Located in this fully occupied retail parade and amongst such multiples as Martin's, Subway, The Co-operative Food, Barnardo's, Tesco Express, Costa, Barclays Bank and a variety of independent retailers, cafés, bars and restaurants. In addition, Shenfield Station (Mainline) is diagonally opposite which provides regular direct rail services to London Liverpool Street.
Shenfield is an affluent commuter suburb of Brentwood some 7 miles north-east of Romford enjoying excellent road access to the M25 (Junction 28) via the A12.

Property

An end of terrace building comprising a Ground Floor Shop with separate side access to Office Accommodation on the first floor. The property includes a parking area at the rear for a maximum of 4 cars.

Accommodation

Ground Floor Shop
Gross Frontage 19'10"
Internal Width 17'10"
Shop Depth 29'8"
Built Depth 73'4"
Plus 2 Rear Rooms & Kitchen
Area Approx. 829 sq ft
First Floor Offices
Area Approx. 829 sq ft
1 Gents and 2 Ladies WCs

Total Area Approx. 1,658 sq ft

VAT is NOT applicable to this Lot

FREEHOLD

Tenancy

The entire property is let on a full repairing and insuring lease to Countrywide Estate Agents (consisting of 60 well established Estate Agents with over 600 offices across the UK) for a term of 10 years from 29th September 2013 at a current rent of £45,000 per annum exclusive.

Note: The first floor is sublet to HC Surveyors Ltd t/a Howe Chartered Surveyors from 9th March 2015 to 1st September 2023 at a current rent of £12,500 per annum exclusive.

*Please note:

RESERVE

The 'Reserve' is the minimum figure for which a property can be sold as agreed between the Seller and the Auctioneer. The 'Reserve' is not disclosed and remains confidential between the Seller and the Auctioneer.

GUIDE

Where a 'Guide' is stated, it is an indication of the Seller's current minimum acceptable price ('Reserve') at auction. A 'Guide' is published to assist prospective buyers in deciding whether or not to pursue a purchase.

A 'Guide' does not represent an anticipated sale price or a valuation and the eventual sale price may be higher or lower. The sale price is determined at auction and as such cannot be predicted in advance.

The 'Guide' can be published as follows:

a. 'Reserve below' which means the 'Reserve' will be below the shown amount.
b. A single price figure where the 'Reserve' is not to exceed it.
c. A single price figure with a + symbol where the 'Reserve' is not to exceed that figure by more than 10%.
d. A minimum and maximum price range where the 'Reserve' is to be within that range.

The Seller's expectation as to the sale price may change during the marketing period as a result of interest received from prospective Buyers. Therefore, the Seller may increase or decrease the 'Reserve' at any time up to just before bidding commences. If the 'Reserve' becomes fixed at a level that makes the 'Guide' misleading, the Auctioneers will subsequently issue a revised 'Guide' as soon as is practicable. Accordingly, prospective bidders should monitor the 'Guide' with the Auctioneers prior to the Auction taking place via this website.

In addition to the purchase price the Successful Buyer or Successful Bidder will be liable to pay Barnett Ross Ltd a non-refundable administration fee of £1,500 including VAT or as specified on the Particulars of Sale and there may also be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the special conditions of sale and all other documentation in the legal pack. Please also refer to any addendum that may be displayed on this page.

218 Hutton Road, Shenfield, Essex CM15 8NR