Retail premises for sale in High Street, Ongar, Essex CM5

£550,000
Interested in this property? Call +44 20 3478 3337 * or

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Property features

  • Current income £27,600 per annum, rising to £30,600 in January 2019
  • Prominent corner position
  • 4 Rear parking spaces
  • Grade 2 listed building

Property description

** freehold shop & flat investment for sale ** - Located on High Street, Ongar (A128) which is home to a variety of occupiers such as fashion boutiques, hair and beauty salons, banks, cafes and a Sainsbury's supermarket. On the ground floor is a lock up shop with A2 (financial and professional services) use, which is currently occupied by Balgores Hayes estate agency. On the 1st and 2nd floors is a unique 2 bedroom flat of some character, which is accessed via a private ground floor entrance. The property benefits from 4 rear parking spaces which are let to the tenants. The sale is subject to the existing leases and the current total income is £27,600 per annum, rising to £30,600 in January 2019. Please call Clarke Hillyer on for further information.

Location

Situated on the eastern side of High Street Ongar (A128). The High Street is home to a variety of occupiers such as fashion boutiques, hair and beauty salons, banks, cafes and a Sainsbury's supermarket. Ongar is a historic market town situated between Harlow and Chelmsford and access to the motorway network is via Junction 7 of the M11.

Description

Comprising a character Grade 2 listed building which occupies a prominent corner position on the High Street. On the ground floor is a lock-up shop with A2 (financial and professional services) use, which is currently occupied by Balgores Hayes estate agency. On the 1st and 2nd floors is a unique 2 bedroom flat of some character, which is accessed via a private ground floor entrance which benefits from a TV intercom system. The bedrooms and kitchen benefit from wall mounted wireless TV plugs. At the rear of the building is parking for 4 vehicles which are allocated to the tenants of the building. The premises are more particularly described as follows:

Shop: 472 sq ft (43.8 sq m). Toilet facilities included.
Flat: 2 bedrooms, living room, kitchen/diner, bathroom, w/c.

All measurements quoted are approximate only.

Tenancies

Shop: Let on a 10 year term from January 2016 to Balgores Hayes Ltd. The current rent is £12,000 per annum, rising to £15,000 per annum as at January 2019. There is a tenant's break clause as at January 2021.
Flat: Let on a 1 year Assured Shorthold Tenancy Agreement at a rent of £1,300 per calendar month.

Terms

The freehold is available, subject to the existing tenancy agreements, for £550,000.

Business Rates

Epping Forest District Council have informed us of the following in respect of the shop:
2010 Rateable Value: £7,700
2017/18 ubr: 0.466 P/£
2017/18 Rates Payable: £3,588.20

Council Tax

We are informed by Epping Forest District Council that the flat falls within Band 'B'.

Legal Costs

Each party to meet their own.

Viewings

Strictly through sole agents Clarke Hillyer on .

Epc

The Shop has an Energy Performance Certificate rating of E and the flat has an EPC rating of D.

Whilst we at Clarke Hillyer endeavour to ensure the accuracy of property details produced and displayed, we have not tested any apparatus, equipment, fixtures and fittings or services so cannot verify that they are connected, in working order or fit for purpose. Neither have we had sight of the legal documents to verify the Freehold or Leasehold status of the property. Please be advised that any plans provided are to indicate the layout of the property, are not to scale and for guidance purposes only. Any interested parties are advised to obtain verification from their solicitor or surveyor.

Property info

Floorplan(s): Floorplan 1

View original

Nearby transport

  • Epping (5.7 miles)
  • Shenfield (6.2 miles)
  • Ingatestone (6.5 miles)
  • London Stansted Airport (12.6 miles)
  • London City Airport (16.0 miles)
  • London Southend Airport (21.4 miles)
  • Woolwich Arsenal Pier (16.3 miles)
  • Woolwich Ferry North Pier (16.3 miles)
  • Woolwich Ferry South Pier (16.4 miles)

Nearby schools

View all schools in Epping Forest
  • Chipping Ongar Primary School (0.5 miles)
  • Ongar Primary School (0.8 miles)
  • High Ongar Primary School (0.9 miles)
  • Beacon Business Innovation Hub (11.7 miles)
  • The Basildon Upper Academy (14.5 miles)
  • Big Creative Academy (14.6 miles)
  • The Ongar Academy (0.9 miles)
  • Trinity School (3.0 miles)
  • Shenfield High School (5.8 miles)
Note: Distance is shown as a straight line measurement

Local info for Epping Forest

About the neighbours in CM5

For more information about this property, please contact
Clarke Hillyer, IG10 on +44 20 3478 3337 * (local rate)

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Clarke Hillyer, and do not constitute property particulars. Please contact Clarke Hillyer for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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