53-55 High Street, Brentwood, Essex CM14 4RH

Location
The property is located on the north side of Brentwood High Street within the prime retail pitch adjacent to Boots and Yorkshire Building Society and backs on to William Hunter Way.
Neighbouring retailers include Marks and Spencer, Tesco Express, Pret a Manger, Superdrug and Holland & Barrett.

Immediately to the rear of the property on William Hunter Way there is Sainsbury’s supermarket and Brentwood’s main pay & display car park.

Brentwood is an affluent commuter town with a population of approx. 80,000. Brentwood Railway Station, which is 10 minutes’ walk from the property, provides access to London Liverpool Street Station. The M25 (J28) and A12 are approx. 10 minutes’ drive away.

Description
The property comprises a mid-terraced high street retail unit situated mainly over ground floor with offices, stores and staff facilities at first floor level held under title no EX433654.

Existing Accommodation
Ground Floor - 4,562 sqft 424 sqm
First Floor - 722 sqft 67 sqm

Total - 5,284 sqft 491 sqm

Proposed Re-development
A planning consent (21/01440/FUL) is granted subject to a S106 Agreement, which is for the demolition of an existing rear structure and construction of 3 storey development comprising 13 residential units and ground floor commercial use. The proposed development under this application will provide for two commercial units on the ground floor, one fronting the High Street and the other, smaller unit, fronting William Hunter Way.
The proposed first, second & third floors will provide a mixture of 13, 1 and 2 bed apartment and studios and 1 x 3 bed duplex.
PROPOSED SCHEDULE OF ACCOMMODATION
Commercial
Ground Floor (High Street) 2573 sqft 239 sqm
Ground Floor (Willian Hunter Way) 807 sqft 75 sqm
Residential
First Floor Level 1 x 1 bed studio, 2 x 1 bed Apt. & 2 x 2 bed Apt.
Second Floor Level 1 x 1 bed studio, 2 x1 bed Apt., 1 x 2 bed Apt. & 1 x 3 bed Duplex
Third Floor Level 1 x 2 bed Apt., 2 x 2 bed Apt. & Duplex as 2nd Fl.

Terms
The property is offered freehold with vacant possession.

Price
Unconditional offers are sought. Price - £1,350,000

Business Rates
The property has a current rateable value of £55,000

Energy Performance Rating
The existing property has an EPC rating of D 81

Value Added Tax
Value added tax is applicable to the sale price.

Legal Costs
Each party to bear their own legal costs.

Further Information & Viewings
Contact sole selling agents:
MJM Property Consultants
Mark Mannering - mark@mjmpropertyconsultants.co.uk