FOR SALE, HUTTON (BRENTWOOD) ESSEX, SALE & LEASEBACK OPPORTUNITY

Property Description

On a mixed parade comprising 8 shops (including a substantial Co-Operative Supermarket) on a predominantly residential estate. For sale on a 'sale & leaseback' basis at a rent of £14,000pa.

The Property
All measurements are approximate, and were measured on a gross internal area basis (GIA).
Shop: 868 sq.ft. overall
Store: 159 sq.ft.
Garage/Store: 282 sq.ft.

Features
Sale & Leaseback Opportunity
Handsome Showroom Premises
On Comprehensive Local Parade
Close Shenfield
Established Bedroom/Kitchen Design Company

Tenure
Freehold. The property is held under two titles, one for the shop, flat & store, and the other for the garage/store. The flat above the shop was sold on a 999 year lease from 31st October 2007, at a peppercorn ground rent.

Business Rates
The property is entered onto the 2023 rating list with a value of £13,500.

Leaseback Details
Two of the current owners are prepared to enter into a lease of the shop, store & garage/store, on terms to be agreed, at a rent of £14,000pa.

Proposed Tenant
The existing trading Company, George Barnett Kitchens Ltd, https://www.georgebarnettkitchens.co.uk/ have been trading from this location since 2017. Underpinning this will be the personal guarantees of two Directors. The Company scored 89 on an Experian Credit Report and considered a 'Low Risk'.

Legal Fees
Each party is to be responsible for their own legal fees.

Viewing
All arrangements to view are by appointment only, via Gerard Biagioni, on 01702 311 037. Email gerard@dedmangray.co.uk