Property Details
Property Summary
Property Features
- Prime High Street Bank Investment
- Let until August 2026 to Barclays Bank Plc
- Producing £150,000 per annum
- Reversionary Redevelopment Opportunity
Full Details
Location
The property is prominently situated in the middle of Brentwood High Street, and has rear access and prominence onto William Hunter Way close to Sainsburys.
High Street occupiers include: Boots, WH Smith, Superdrug, Marks & Spencer, Costa, Burger King, Tesco and NatWest.
Brentwood, with a population of approx. 80,000, is a popular South Essex town, located approximately 18 miles (29 km) north-east of Central London and 11 miles (18 km) south-west of Chelmsford. The town is well connected, being located south-east of the A12, which links to Junction 28 of the M25 Motorway approximately 1 mile (1.6 km) away.
Brentwood Rail Station (Elizabeth Line) provides regular services to London (Liverpool Street, fastest time 29 minutes) and has been improved to facilitate the new Crossrail services.
Description
The property is arranged over ground, basement and two upper floors totalling approx. 959 sq m (10,300 sq ft) providing a modern ground floor banking hall with ancillary offices over the two upper floors.
The building has future potential for a mixed-use residential/commercial redevelopment opportunity (subject to planning).
Accommodation
Basement - 640 sq ft (59 sq m)
Ground Floor - 4,650 sq ft (432 sq m)
First Floor - 2,503 sq ft (233 sq m)
Second Floor - 2,507 sq ft (232 sq m)
Total - 10,300 sq ft (956 sq m)
Terms
The property is let to Barclays Bank Plc on a lease expiring 02/08/2026 at a current passing rental of £150,000 per annum. A copy of the lease is available on request.
Price
SOLD
Value Added Tax
We understand the property is not elected for VAT. It is anticipated that the sale will be treated as a Transfer of Going Concern (TOGC).
Energy Performance Rating
C58
Legal Costs
Each Party to bear their own legal costs