Attractive Mixed-Use Investment Property with modernised residential self-contained flats

Key Features

• Mixed-Use Freehold Investment in Attractive Market Town
• Tenants on FRI Terms in fully refurbished units and car parking to rear
• Modernised residential self-contained flats
• Prominent High Street Location
• Attractive Investment Yield
• Total Income of £48,400 per annum exclusive

Location

The subject property is located in the heart of Ongar Town Centre lying on the west side of High Street mid-way between Banson’s lane in the North and Castle Street to the South. Ongar is a sought after historic market town lying within Epping Forest District of the County of Essex and is located 6 miles east of Epping, 7 miles south east of Harlow and 7 miles north east of Brentwood. Road connections are good with junction 28 of the M25 lying 12.4 miles to the South providing easy access to the orbital motorway or connection with junction (6) of the M11. There is also regular bus services serving the Town to local destinations including Brentwood, Chingford, Harlow and Epping.

Description

The building comprises of a 3 storey grade II listed property split into two self-contained ground floor commercial units with two further self-contained flats (1 x 1 bed and 1 x 2 bed) on the 1st and 2nd floor above. The shops are well positioned within the High Street close to other nearby industrial retailers, restaurants, library and post office. Both units benefit from a forecourt to the front and parking to the rear including being able to be accessed from the rear. The flats on the 1st and 2nd floors are spacious, well designed, benefit from electrical heating and have immense character from the exposed beams.

Available area

Viewings

Strictly by appointment through the sole agent.

Legal Costs

Each party to bear their own legal costs incurred in this transaction, subject to the prospective purchaser solicitors undertaking to pay the Landlord's abortive costs if the prospective purchaser withdraw from the transaction.