Offers over
£925,000
(£370.00/sq. ft)
Block of flats for saleOngar Road, Brentwood CM15
2,500 sq. ft
About this property
Town centre location
Freehold for sale
Brentwood town centre
4 flats and commercial
Fully rented
Great investment
Location:
The property is located on the West side of Ongar Road directly opposite Sainsburys and very close to the junction of William Hunter Way and High Street, Brentwood.
Brentwood is a highly affluent historical Essex Town that has an abundance of popular retailers within its High Street together with blend of modern amenities, green spaces, and old-world charm. It has good transport links, with Brentwood train station (Elizabeth Line) offering services to London, while major roads like the A12 and M25 are nearby for easy car access.
Description:
A modern new built property consisting of a retail unit trading as a hairdresser and with 4 self-contained flats accessed from an independent street entrance.
Tenure: Freehold
Tenancy information:
Hairdresser
£14,000.00
10 Year Lease from Sept 2018
1st & 2nd
Flat 1 1 Bed Duplex £11,400.00
Flat 2 1 Bed £14,340.00
Flat 3 1 Bed £14,340.00
Flat 4 2 Bed £14,440.00
Total Rent - £68,520.00
Price
Offers sought in excess of £925,000, subject to contract
Our Opinion on Capital Value of each Part
Commercial @ 7% niy = £200,000
Flat 1 £275,000
Flat 2 £275,000
Flat 3 £275,000
Flat 4 £350,000
Combined Value - £ 1,375,000
The property is located on the West side of Ongar Road directly opposite Sainsburys and very close to the junction of William Hunter Way and High Street, Brentwood.
Brentwood is a highly affluent historical Essex Town that has an abundance of popular retailers within its High Street together with blend of modern amenities, green spaces, and old-world charm. It has good transport links, with Brentwood train station (Elizabeth Line) offering services to London, while major roads like the A12 and M25 are nearby for easy car access.
Description:
A modern new built property consisting of a retail unit trading as a hairdresser and with 4 self-contained flats accessed from an independent street entrance.
Tenure: Freehold
Tenancy information:
Hairdresser
£14,000.00
10 Year Lease from Sept 2018
1st & 2nd
Flat 1 1 Bed Duplex £11,400.00
Flat 2 1 Bed £14,340.00
Flat 3 1 Bed £14,340.00
Flat 4 2 Bed £14,440.00
Total Rent - £68,520.00
Price
Offers sought in excess of £925,000, subject to contract
Our Opinion on Capital Value of each Part
Commercial @ 7% niy = £200,000
Flat 1 £275,000
Flat 2 £275,000
Flat 3 £275,000
Flat 4 £350,000
Combined Value - £ 1,375,000
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