prominent freehold investment · into ‘co-operative food group limited’ in 2011, which forms...
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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
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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. [email protected] T. 01206 216 558
Lewis Chambers E. [email protected] T. 01206 216562
John Logan E. [email protected] T. 01245 292101
Details
Particulars for 1 - 2, 11 & 12 Abercorn House, Boreham, Chelmsford CM3 3BT
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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
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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:
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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
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