Available
Billericay – Retail Parade of 10 Shops
128/128A High Street and 2-10 The Walk, Billericay CM12 9XEFreehold Retail Parade & Ground Rent Investment
Price
£2,250,000
Rent P.A.
£164,600
Yield
ERV: £184,600
Tenure
Freehold
Lease Term
Multiple
Area
6,370 SQ FT
VAT Applicable
Yes
Sector
Investment Consideration
- ERV: £184,600 p.a. GIY ~ 8.20%
- Asset management opportunity
- VAT is applicable to this property
- Comprises retail parade of 10 shops and self-contained office accommodation (No.128A) which has been sold-off
- Total existing area: 590 sq m (6,370 sq ft)
- 100% Retail Occupancy. Two of the tenants have been in occupation since 1984/85
- Nearby occupiers include Waitrose, Greggs, Poundland, Iceland Foods, KFC and many more.
Key Features
Tenure
Freehold
VAT
VAT is Applicable
Property Description
No.128 High Street: Gift Shop
Ground Floor: 126 sq m (1,358 sq ft)
Open plan retail, Storage, Kitchenette
Unit 2 The Walk: Chiropodist
Ground Floor: 31 sq m (334 sq ft)
Open plan retail, Storage, Kitchenette
Unit 3 The Walk: Cafe
Ground Floor: 40 sq m (431 sq ft)
Open plan retail, Storage, Kitchen
Unit 4 The Walk: Nail Bar
Ground Floor: 100 sq m (1,078 sq ft)
Open plan retail, Storage, Kitchenette
Unit 5 The Walk: Retail
Ground Floor: 51 sq m (550 sq ft)
Open plan retail, Storage, Kitchenette
Unit 6 The Walk: Hair Salon
Ground Floor: 51 sq m (550 sq ft)
Open plan retail, Storage, Kitchenette
Unit 7 The Walk: Hair Salon
Ground Floor: 44 sq m (474 sq ft)
Open plan retail, Storage, Kitchenette
Unit 8 The Walk: Organic Food Supplements
Ground Floor: 45 sq m (485 sq ft)
Open plan retail, Storage, Kitchenette
Unit 9 The Walk: Bubble Tea Shop
Ground Floor: 45 sq m (485 sq ft)
Open plan retail, Storage, Kitchenette
Unit 10 The Walk: Mobile Phone Shop
Ground Floor: 58 sq m (625 sq ft)
Open plan retail, Storage, Kitchenette
Ground Floor: 126 sq m (1,358 sq ft)
Open plan retail, Storage, Kitchenette
Unit 2 The Walk: Chiropodist
Ground Floor: 31 sq m (334 sq ft)
Open plan retail, Storage, Kitchenette
Unit 3 The Walk: Cafe
Ground Floor: 40 sq m (431 sq ft)
Open plan retail, Storage, Kitchen
Unit 4 The Walk: Nail Bar
Ground Floor: 100 sq m (1,078 sq ft)
Open plan retail, Storage, Kitchenette
Unit 5 The Walk: Retail
Ground Floor: 51 sq m (550 sq ft)
Open plan retail, Storage, Kitchenette
Unit 6 The Walk: Hair Salon
Ground Floor: 51 sq m (550 sq ft)
Open plan retail, Storage, Kitchenette
Unit 7 The Walk: Hair Salon
Ground Floor: 44 sq m (474 sq ft)
Open plan retail, Storage, Kitchenette
Unit 8 The Walk: Organic Food Supplements
Ground Floor: 45 sq m (485 sq ft)
Open plan retail, Storage, Kitchenette
Unit 9 The Walk: Bubble Tea Shop
Ground Floor: 45 sq m (485 sq ft)
Open plan retail, Storage, Kitchenette
Unit 10 The Walk: Mobile Phone Shop
Ground Floor: 58 sq m (625 sq ft)
Open plan retail, Storage, Kitchenette
Tenancy Description
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Tenancies & Accommodation
Location Description
Billericay is situated in the South East Essex Area approximately 35 miles east of central London and 10 miles distant of the M25 and national motorway network accessed via the A127 Arterial Road which provides direct links to the A12. Billericay has a main line railway station providing services to the City. The property is located in the heart of Billericay and forms part of the popular 'The Walk' shopping parade, situated at the south end of Billericay High Street. The Walk provides a number of local retailers benefiting from good footfall due to its role as a thoroughfare to the Waitrose car park. Occupiers nearby including Waitrose, Greggs, Poundland, Iceland Foods, KFC and many more
