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40 High Street, Burnham-on-crouch, Essex, CM0

Offers in Region of
£300,000

£103.31 per sq ft

Business rates & charges may apply

Fenn Wright, Chelmsford Commercial Sales and Lettings
SIZE AVAILABLE

2,904 sq ft

270 sq m

SECTOR

Mixed use property for sale

Key features

  • Let to One Stop Stores Limited part of Tesco PLC group
  • Reversionary rental income
  • Spacious disused first floor flat with three bedrooms
  • Prominent position on Burnham on Crouch High Street
  • Ground floor rear storage, office accommodation & WC

Description

The property comprises a semi-detached retail unit with flat above, constructed in 19th century. The property is currently arranged as an open plan ground floor convenience store with suspended ceiling, recessed air conditioning units & surface mounted lighting. Located to the rear of the main sales area are stockrooms, a food preparation area, office and a staff WC. To the first floor, there is an empty 3 bedroom self-contained flat and to the rear there is a goods unloading area.

LOCATION
The property forms part of the historic core of Burnham on Crouch Town Centre situated on the northern side of the High Street at its junction with Providence, around 75 meters west of the Royal Burnham Yacht Club. The B1010 (Burnham Road) leads to the lower Burnham Road which provides access to the surrounding towns of Maldon and South Woodham Ferrers. The A130 can be found 13 miles to the west providing convenient access to the A12 to the north and the A127/A13 to the south.

SERVICES
We understand the property is connected to mains water, gas and electricity. We have not tested any of the services and all interested parties should rely upon their own enquiries with the relevant utility company in connection with the availability and capacity of all of those serving the property including IT and telecommunication links.

BUSINESS RATES & COUNCIL TAX
We are advised that the premises have a rateable value of £16,250. Therefore estimated annual rates payable of approximately £8,109 (2025/26). The first floor flat falls within Council Tax band B. We advise interested parties to speak to the local authority for further information.

TITLE
The property is held freehold under Title EX825652.

TENANCY
The property is let to One Stop Stores Ltd (Company No: 02462858) on a full repairing and insuring lease for a term of 15 years from 4th July 2023 subject to a 5 yearly tenant only break clause at an annual rent of £17,500 subject to 5 yearly upwards only rent review to open market. A copy of the Lease is available upon request.

COVENANT
One Stop Stores Ltd is a subsidiary of Tesco Plc and reported a total net worth of £48.72M as at 24th February 2024 and are classified by Experian business express as 'very low risk' with a score of 100/100. We are advised that the property has been let to One Stop Stores Ltd for c.34 years.

TERMS
The freehold of 40 High Street, Burnham on Crouch is for sale subject to the occupational lease and offers are invited in the region of £300,000.

VAT
We understand the property is not elected to VAT.

LEGAL COSTS
Each party to bear their own legal costs incurred in this transaction.

VIEWINGS STRICTLY BY APPOINTMENT
VIA SOLE SELLING AGENTS:

Fenn Wright
20 Duke Steet
Chelmsford
Essex
CM1 1HL

Contact:
Louisa Howard
E: louisa.

John Logan
E:

Brochures

40 High Street, Burnham-on-crouch, Essex, CM0

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Burnham-on-Crouch Station0.6 miles
  • Southminster Station2.5 miles
  • Althorne Station3.3 miles

About Fenn Wright, Chelmsford Commercial Sales and Lettings

20 Duke Street Chelmsford Essex CM1 1HL

Fenn Wright are East Anglia's leading, independently owned partnership of commercial property agents, estate agents and Chartered Surveyors, with a reputation for providing the highest level of customer care.

Our commercial property agents offer an unrivalled range of professional skills and local market knowledge and we aim to provide industry-leading levels of service. We represent a wide spectrum of clients, including investors and developers, landlords and tenants, property companies, pension funds, business owners and private individuals. We can provide expert advice on every aspect of buying, selling and renting Commercial property, from valuations, landlord and tenant services, property management and insolvency, to name a few.

We have an unequalled presence throughout Essex and Suffolk with offices in the major hubs of Chelmsford, Colchester, Colchester Business Park and Ipswich - as well as branches in Sudbury, Woodbridge, Witham, Stanway, Felixstowe, Kesgrave and Manningtree.

Notes

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