Available
Property Details
3,382 Sq Ft
POA
Property Summary
Mixed Use Investment & Re-Development Opportunity
Property Features
- Permitted Class MA use for 4 self-contained flats
- Potential for additional floor (STP)
- High Street location
- Close to Public Car Parks
- Brentwood Railway Station within walking distance
Description
The property comprises a ground floor restaurant with two vacant floors above formerly used as offices. The ground floor is held on a lease for a term of 20 years from February 2025, subject to breaks in 2030 and 2035. Passing rent - £30,000 pax. The upper floors were previously used as offices and are now vacant.
Location
The property is located at the western end of Brentwood High Street, situated between Papa John's and Subway. Within the High Street are numerous national and local retailers, bars and restaurants. Brentwood Rail Station is 10 minutes walk away providing services to London's Liverpool Street and Stratford. The A12 and M25 (J28) are within a 10 minute drive. Access to the upper floors is from the rear via Hart Street.
Accommodation
| Name/Floor | Sq Ft | Sq M | Price |
|---|---|---|---|
| Ground Let to Restaurant Operator | 1,137 | 105.63 | On Application |
| 1st Vacant Office | 1,098 | 102.01 | On Application |
| 2nd Vacant Office | 1,147 | 106.56 | On Application |
| Total | 3,382 | 314.20 |
Terms
The property is offered freehold subject to the lease on the ground floor.
Planning & Use
The property has Class MA permitted development rights for 4 residential units ( Class C3 ) units (2 x 2 bed units and 2 x 1 bed units) on the 1st and 2nd floors. Application 26/00972/PNCOU. The property has potential for a further floor subject to planning.
The ground floor operates as a restaurant under Use Class E.
Legal Costs
Each party to bear their own legal costs.
Energy Performance Certificate
Ground Floor C-63
1st & 2nd Floors - awaited.
AMLR
In line with current Anti-Money Laundering Regulations, all prospective tenants or purchasers will be required to provide satisfactory identification and verification documentation before any offer can be accepted. We may undertake electronic checks to comply with these obligations.
Value Added Tax
VAT is applicable to the purchase price.
Administration Fee
Upon terms being agreed, and prior to Solicitors being instructed, the prospective purchaser must pay an administrative fee of £250 + VAT to MJM Property Consultants. This fee covers all associated administrative costs, including any referencing fees incurred.
