Guide price
£120,000
Retail premises for sale6 Grange Road, Billericay, Essex CM11
EPC Rating: C
Auction
Leasehold
About this property
For sale by auction on Wednesday, 10 Dec 2025 at 10:00
Venue: Livestream Auction
Leasehold Lock up retail investment Currently let producing £13,500 (rent review outstanding)
Situated in this popular neighbourhood parade, nearby occupiers include The Post Office and Tesco Express.
The property comprises a Lock up Shop let to Day Lewis plc one of the largest independent pharmacy chains in Europe with over 260 stores. There is also a 2 bed self-contained flat but this has been sold off on a long lease.
The Shop and Flat are held on 99 year leases from 25/03/1965 with almost 65 years remaining on the Lease.
The current Rent receivable is £13,500 pax. A Rent review (by reference to increase in rpi) was due on 1st July 2022. This was not implemented. With time not being of the essence we see no reason why this review cannot be conducted now and backdated rent due recovered.
Lock Up Shop
Retail Area
Internal Width 3.99m (13'1")
Shop Depth 15.5m (49'8")
Rear lobby 2.08m (6'10") x 1.62m (5'4")
WC 1.91m (6'3") x 1.62m (5'4")
Rear Stores 2.69m (9''1") x 1.79m (5'10") + 1.79m (4'10" x 1.36m (3'10)
Retail Area
60 sq.m (650 sq.ft.)
Total internal floor area
74.13 sq .m (798 sq.ft.)
Leasehold Information
Term: 99 years from 25 March 1991 (64 years remaining)
Annual ground rent amount: Please refer to Legal Pack
Ground rent review period: Please refer to Legal Pack
Annual service charge amount: Please refer to Legal Pack
Service charge review period: Please refer to Legal Pack
Council Tax Band (Flat)
B
Business Rates
According to the Valuation Office website the shop has a current rateable value of £11,750 with effect from 1 April 2023.
EPC Rating: Shop - C; flat - E
Additional Fees
Buyers Premium: £1200 inc VAT payable on exchange of contracts.
Administration Charge - £1200 inc VAT payable on exchange of contracts.
Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Price Information
* Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
Additional Fees Information
Please be aware there may be additional fees payable on top of the final sale price. This includes and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.
Venue: Livestream Auction
Leasehold Lock up retail investment Currently let producing £13,500 (rent review outstanding)
Situated in this popular neighbourhood parade, nearby occupiers include The Post Office and Tesco Express.
The property comprises a Lock up Shop let to Day Lewis plc one of the largest independent pharmacy chains in Europe with over 260 stores. There is also a 2 bed self-contained flat but this has been sold off on a long lease.
The Shop and Flat are held on 99 year leases from 25/03/1965 with almost 65 years remaining on the Lease.
The current Rent receivable is £13,500 pax. A Rent review (by reference to increase in rpi) was due on 1st July 2022. This was not implemented. With time not being of the essence we see no reason why this review cannot be conducted now and backdated rent due recovered.
Lock Up Shop
Retail Area
Internal Width 3.99m (13'1")
Shop Depth 15.5m (49'8")
Rear lobby 2.08m (6'10") x 1.62m (5'4")
WC 1.91m (6'3") x 1.62m (5'4")
Rear Stores 2.69m (9''1") x 1.79m (5'10") + 1.79m (4'10" x 1.36m (3'10)
Retail Area
60 sq.m (650 sq.ft.)
Total internal floor area
74.13 sq .m (798 sq.ft.)
Leasehold Information
Term: 99 years from 25 March 1991 (64 years remaining)
Annual ground rent amount: Please refer to Legal Pack
Ground rent review period: Please refer to Legal Pack
Annual service charge amount: Please refer to Legal Pack
Service charge review period: Please refer to Legal Pack
Council Tax Band (Flat)
B
Business Rates
According to the Valuation Office website the shop has a current rateable value of £11,750 with effect from 1 April 2023.
EPC Rating: Shop - C; flat - E
Additional Fees
Buyers Premium: £1200 inc VAT payable on exchange of contracts.
Administration Charge - £1200 inc VAT payable on exchange of contracts.
Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Price Information
* Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
Additional Fees Information
Please be aware there may be additional fees payable on top of the final sale price. This includes and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.
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