RARE OPPORTUNITY TO ACQUIRE A FREEHOLD BUILDING IN
RARE OPPORTUNITY TO ACQUIRE A FREEHOLD BUILDING IN ABRIDGE, ESSEX OF INTEREST TO INVESTORS/DEVELOPERS/OWNER OCCUPIERS THE OLD BREWERY WILLOW TREE CLOSE ABRIDGE ESSEX, RM4 1UA West End Office: 1 Duchess Street, London W1W 6AN Telephone 020 7637 3333 Website www.nobleharris.co.uk All negotiations are subject to contract. The Agents are not authorised to make or accept any contractual offer unless prior notification to the contrary has been given on behalf of the client. In no other case whatsoever are the Agents (or any employee or sub-agent) authorised to make or give any representation or warranty on behalf of any party, and whilst information and particulars are given in all good faith purchases and lessees must not satisfy themselves independently as to the accuracy of matters upon which they intend to reply. LOCATION The picturesque village of Abridge lies on the River Roding and is situated approximately 14 miles north east of Central London. The closest stations are Theydon Bois and Epping Underground Stations (Central Line) and road communications are excellent with the M25 and M11 being easily accessible PREMISES This delightful period building comprises a residential house which benefits from a stunning large garden, a double garage and an area of hard standing. In addition, the building also comprises three very attractive retail units which are all let and income producing – See tenancy schedule below. The property occupies a total site area of 0.223 Acres. RESIDENTIAL ACCOMMODATION The existing 18th century house is arranged over ground, first and second floors and provides a very well maintained three bedroomed property which incorporates many charming features. The property also includes a magnificent garden which has been very well maintained by the current owner, a generously sized brick built double garage and a hard standing area for additional parking, if so required. RETAIL TENANCIES The property also comprises three retail units which are all let and income producing. The tenancy schedule is set out below:TENANT Aimee Jean Laing & Cheryl Anne Laing t/a Abridge Florists Steven Andrews t/a Bridge Deli Gemma Louise Holloway t/a Gemma's Retreat Total Income AREA SQ. FT. AREA SQ. M LEASE EXPIRY 489 45.47 31/12/2025 1,035 369 96.17 Mar-19 34.27 5 years from 1st Jan 2015, subject to a tenant only break option on 1st July 2017 RENT REVIEW DATE 01/01/2018 & 01/01/2022 Mar-14 At the end of the third year of the term RENT (PAX) COMMENT £4,800 £10,500 £5,700 rising to £6,250 per annum if the break is not exercised. £21,000 Rent deposit of £1,800 plus interest is being held by the landlord This unit trades as a beauty salon PLANNING A pre application has been submitted to Epping Forest District Council for the following:The erection of a detached two storey, 3 bedroomed chalet style dwelling on land to the rear of The Old Brewery, Abridge. Two car parking spaces have been allowed for within the proposal. This is identified on the following plan. A decision on this pre application is due to be received in early April 2015. Further information is available upon request. TENURE The freehold interest is to be sold with the benefit of full vacant possession of the existing residential accommodation, the income derived from the retail tenancies and the planning permission which is being sought by the vendor as stated above. PRICE Offers in excess of £1.1m, subject to contract are being invited. OS EXTRACT EPC Awaited. PROFESSIONAL FEES Each party is to be responsible for its own professional fees incurred in this transaction. ADDITIONAL INFORMATION & VIEWINGS For further information or to arrange an inspection, please contact the vendor’s sole agents. Matthew Noble The Noble Harris Partnership 020 7291 6142 07980 991 214 [email protected]
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