The bank consists of ground floor, basement and first floor. The ground floor is used as a banking hall and customer facing meeting rooms, basement is used as storage and the first floor is utilised as ancillary office space and staff welfare facilities. Tenure The property is held on an existing FRI lease due to expire 01/08/2026 a passing rent of £35,000 per annum exclusive with a break option scheduled 01/08/2021. The lease is held inside the security of tenure provisions of the Landlord and Tenant Act 1954. Consideration Offers accepted on the basis of assignment or sub-lease at the passing rent of £35,000 pa. Rates We are verbally informed by the Local Rating Authority that the current Rateable Value of the shop is £12,300.00 and the rates payable are £ pa. The UBR for 2019/2020 is p. Interested parties are advised to make their own enquiries with the Local Authority for verification purposesLess
The subject property is located in Ongar, a small town in Essex. The High Street itself consists of mainly independent, local retailers. The subject property is located in the middle of the high street with good parking and visibility.
Sizes and Measurements
DetailsRetail Ground Floor
Lease Information & Charges
- Former Bank premises
- Consent for various uses
- Flexible lease terms available