35 High Street, Wickford, Essex, SS12 9AE

FOR SALE UNDER AUCTION CONDITIONS. ALL INTERESTED PARTIES NEED TO CONTACT THE AUCTION OFFICE ON

FREEHOLD INVESTMENT: A MIXED USE PROPERTY COMPRISING A RESTAURANT AND A THREE BEDROOM MAISONETTE PRODUCING AN INCOME OF £40,800 PER ANNUM
Investment opportunity comprising a deceptively large, single storey, restaurant which has been fitted to an exceptionally high standard by the current tenants, along with a fully self-contained three-bedroom maisonette. The property is prominently positioned on the western side of Wickford High Street, a short distance from its junction with Market Road and less than 300m from Wickford Mainline Train Station, with journey times of approx. 45 mins to London Liverpool Street.

Main Restaurant - 1,565 sq ft (145.42 sq ms)
Ancillary Areas - 369 sq ft (34.29 sq ms)
Kitchen - 285 sq ft (26.42 sq ms)
Three Bedroom Flat - 1,227 sq ft (114 sq ms)
Wickford is located approx. 3 miles north of Basildon, 10 miles west of Southend and 8 miles south of Chelmsford.
The three bedroom Maisonette is occupied on the basis of an AST with a September 2025 expiry, at a rent of £10,800 per annum.
The commercial property is let by virtue of a 25 year lease commencing 22nd January, 2008 (expiring 2033) at a current rent of £30,000 per annum and we understand the 2023 rent review is yet to be implemented.

The premises currently appear on the 2023 rating list as Restaurant & Premises with an adopted rateable value of £27,640
Commericial Property - C
Residential Property - D