2 bedroom apartment for sale
Key information
Property description & features
- 0.2 miles from Kelvedon Train Station
- Investment Opportunity
- Current passing rent £16,800 per annum exclusive*
- Commercial Tenant notice to break the lease in April 2023.
The property is situated within the parade of retail shops along Kelvedon High Street, junction with Station Road. Notable occupiers within the parade include The One Stop, Riverside Estates, Janet C Davies Funeral Directors and China Garden Chinese Takeaway.
DESCRIPTION It is estimated the property was constructed in the 1960's of rendered brick / block on ground floor and clad elevations on first floor, under a pitched tiled roof. The property comprises a self contained ground floor retail unit currently occupied by Riverside Estates, with a self-contained, two bedroom flat on first floor.
The ground floor retail unit extends to approximately 631 sq. ft. net internal area, comprising an open plan retail area with kitchen and WC facilities to the rear, with an additional rear store. The retail area benefits from LED lights, double glazed UPVC shop front and is carpeted throughout.
The first floor flat extends to approximately 534 sq. ft. comprising two bedrooms, a living room, kitchen, bathroom and lobby. The flat is accessed via an external staircase located to the rear of the property and benefits from gas central heating, fitted kitchen.
The property benefits from 2 car parking to the rear of the property, on a first come first serve basis.
ACCOMMODATION See Accommodation table in attached Marketing Particulars
RATES / COUNCIL TAX 235 High Street, Kelvedon (Ground Floor Retail Unit) has a rateable value of £5,500, increasing to £6,600 in April 2023. Therefore occupiers may be able to achieve full business rate relief as the Rateable Value is less than £12,000.
227 High Street, Kelvedon is in band A for Council Tax purposes.
The Local Authority is Braintree District Council.
TENANCIES The ground floor retail unit is currently Let to Riverside Estates, by way of a full repairing and insuring Lease. The Tenant has exercised their break option and will terminate the Lease on 1st April 2023. The current passing rent is £7,500 per annum exclusive.
The first floor flat is Let by way of an AST, at a passing rent of £775 pcm (£9,300 per annum).
Copies of Lease agreements available upon request.
METHOD OF SALE The Freehold interest is offered For Sale by private treaty at a Guide Price of £360,000 (three hundred and sixty pounds) Subject to Contract.
VAT The property is elected for VAT.
LEGAL COSTS Each Party to be responsible for their own legal costs in respect of this transaction.
VIEWING Strictly by appointment with the Sole Agents, Nicholas Percival Chartered Surveyors.
FAO: Billy Coe or Charlie Percival
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Ref. C.941
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*DISCLAIMER
Property reference 101551003166. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Nicholas Percival - Colchester.
OnTheMarket may have applied supplementary data to this property listing, including:
Broadband availability and predicted speed: obtained from Ofcom on January 11, 2022
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength: obtained from Ofcom on January 11, 2022
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
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