1-2, 11 & 12 Abercorn House, Butterfield Road, Boreham, Essex, CM3 3BT

Commercial - Essex

01206 216 565 01245 261 226

For Sale

Guide Price: £450,000

Rents reserved £31,500

2 x two bedroom flats

Prominent unit on busy neighbourhood retail scheme

Prominent Freehold

Investment

Retail/Flats/Garages

Location

The property is situated in a prominent location on

Church Road, Boreham a short distance from the

B1137.

The retail unit comprises the anchor store in a terrace of

5 retail units with customer parking immediately in front

and in the heart of the village.

Boreham is an affluent commuter village located just

north of Chelmsford with excellent access onto the A12

and to Chelmsford which is 4 miles distant.

Adjoining retail units include the village Post Office, a

hairdressers and other convenience businesses.

Description

The property comprises a ground floor retail unit with a

feature ‘L’ shaped frontage and a rear goods access.

The first floor comprises two self contained two

bedroomed flats with access from the rear of the

property in addition to which there are two garages

situated to the north of the retail parade.

Accommodation

The property provides the following accommodation and

approximate floor areas:

Ground Floor

Retail Unit 1,760 sq ft (163.48 sq m)

Ancillaries 422 sq ft ( 39.20 sq m)

Total 2,182 sq ft (202.68 sq m)

First Floor

2 x two bedroom flats (not inspected or measured)

Outside

2 x single garages

Tenancy

The lease is granted on the entire premises to Alldays

Distribution Ltd (Trading as The Co-Operative) for a 15

year term expiring on the 6th August 2025.

The lease is drafted on full repairing and insuring terms

by way of a service charge provision and the current

rent is £31,500 per annum.

The lease provides for upward only rent reviews to

market value on the 6th August 2020 and also contains

a tenants break clause on the same date, 6 months

written notice required.

EPC Ratings

1-2 Abercorn House (Retail Unit) : TBC

11 Abercorn House (Flat): F-33

12 Abercorn House (Flat): F-33

Freehold Title

Please see the plan on page 3 of these particulars

highlighting the extent of the freehold title edged in red

and hatched green, the areas leased to the existing

tenant have been hatched blue and the areas outside

the vendor’s ownership are white.

Covenant

The tenant ‘Alldays Distribution Ltd’ was incorporated

into ‘Co-Operative Food Group Limited’ in 2011, which

forms part of the larger Manchester based ‘The Co-

Operative Group’.

Business Rates

The ground floor retail unit has an assessment as ‘Shop

& Premises’ with a Rateable Value of £22,750.

Information Pack

An information pack to include the lease, title documents

and EPCs is available upon request.

Price

Offers are invited for the freehold interest subject to the

existing occupational lease at £450,000.

The property is elected to VAT which will be payable on

the purchase price. The sale may qualify as a TOGC,

interested parties should make their own enquiries.

Viewing

Strictly by prior appointment only with the sole agents:

Fenn Wright

01206 216 565 01245 261 226 fennwright.co.uk Contact:

James Angel E. jda@fennwright.co.uk T. 01206 216 558

Lewis Chambers E. lcc@fennwright.co.uk T. 01206 216562

John Logan E. jdl@fennwright.co.uk T. 01245 292101

Details

Particulars for 1 - 2, 11 & 12 Abercorn House, Boreham, Chelmsford CM3 3BT

Particulars for 1 - 2, 11 & 12 Abercorn House, Boreham, Chelmsford CM3 3BT

Plans Not to Scale for Identification Purposes Only

- Extent of Freehold Title – Edged in red & hatched green

- Areas leased to existing tenant – Hatched blue

- Areas outside of vendors ownership - White

Particulars for 1 - 2, 11 & 12 Abercorn House, Boreham, Chelmsford CM3 3BT

For further information

01206 216 565 fennwright.co.uk Fenn Wright for themselves and for the vendors or lessors of this property whose agents they are give

notice that:

i. The particulars are set out as a general outline for the guidance of intending purchasers or lessees;

and do not constitute, nor constitute part of, an offer or contract.

ii. All descriptions, dimensions, references to condition and necessary permissions for use and

occupation, and other details are given in good faith and are believed to be correct but any

intending purchasers or lessees should not rely on them as statements or representations of fact but

must satisfy themselves by inspection or otherwise as to the correctness of each of them.

iii. The vendor or lessor does not make or give, and neither Fenn Wright nor any person in their

employment has the authority to make or give, any representation or warranty whatsoever in

relation to this property.

iv. All statements contained in these particulars as to this property are made without responsibility on

the part of Fenn Wright or the vendor/lessor.

v. All quoting terms may be subject to VAT at the prevailing rate from time to time.

vi. Fenn Wright have not tested any electrical items, appliances, any plumbing or heating systems and

therefore, cannot give any warranty or undertaking as regards their operation or efficiency.

Fenn Wright is the region’s leading, independently owned firm of

chartered surveyors, estate agents and property consultants.

We are trusted property experts in Essex and Suffolk and our

branch network is conveniently located along the A12 corridor in

and around Chelmsford, Colchester and Ipswich.

Our business divisions specialise in:

Commercial sales, lettings and professional advice

Development, planning and new homes

Residential sales, lettings and premium property

Agricultural property advice, farms and land, fisheries (UK-wide)

Equestrian property (UK-wide)

Mortgage valuations, homebuyer report, building surveying.

Everyone at Fenn Wright takes pride in using their expert local

knowledge and professional know-how to provide an industry-leading

level of service that delivers results for our clients time and time again.

Our commercial expertise includes;

Sales, letting and acquisition

Commercial valuation services

Property management

Rent reviews & lease renewals

Surveys & building consultancy

Business rates

Dispute resolution services

Corporate recovering & insolvency