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]