Overview

Leasehold Interest

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 purposes
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Location Description

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

Total Size

3,927sqft

Sales Area

2,375sqft

Floors Available

Ground Floor

Details

Retail Ground Floor

Size

2,375sqft

Status

Available

Available from

Now

Basement

Details

Non-Sales

Size

320sqft

Status

Available

Available from

Immediately

First Floor

Details

Non-Sales

Size

1,232sqft

Status

Available

Available from

Immediately

Lease Information & Charges

Lease type

Assignment

For rent

£35,000/pa

Rateable Value

£12,300.00

Specification

  • Former Bank premises
  • Consent for various uses
  • Flexible lease terms available

Floorplan

ONGAR

Photos

ONGAR

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