Cressing Filling Station Braintree Road, Tye Green Braintree Essex CM77 8JE

Cressing Filling Station
Braintree Road, Tye Green
Braintree
Essex
CM77 8JE

Freehold Petrol Filling Station Investment

Let on a Full Repairing and Insuring lease for 20 years until 2034
Approximately 1 mile south of Freeport Factory Outlet Village
Approximate site area of 0.08 hectares (0.20 acres)
Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>

Lot
38
Auction
26th March 2015
Rent
£60,000 per Annum
Status
Sold
Price
£517,500
Auction Venue
Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

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Freehold Petrol Filling Station Investment

Let on a Full Repairing and Insuring lease for 20 years until 2034
Approximately 1 mile south of Freeport Factory Outlet Village
Approximate site area of 0.08 hectares (0.20 acres)
Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>

Lot 38
Auction 26th March 2015
Rent £60,000 per Annum
Status Sold
Price £517,500
Sector
Motor Trade, Petrol Station
Auction Venue
Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

Property Information

Location

Miles: 2.5 miles south-east of Braintree, 13 miles north-east of Chelmsford, 16 miles south-west of Colchester, 22 miles east of Bishop’s Stortford
Roads: A12, A120, M11
Rail: Braintree Freeport Railway Station, Cressing Railway Station
Air: London Stansted Airport

Situation

The property is prominently situated on Braintree Road (B1018) approximately 1 mile south of the historic market town of Braintree and the important Freeport Factory Outlet Village with 90 factory stores. The A120, a highly busy arterial route connecting to the M11, Colchester and Chelmsford is to the west of the property. Braintree is a popular Central London commuter town. Nearby occupiers include adjoining Cressing Primary School and Freeport Factory Outlets.

Tenure

Freehold.

Location

Miles: 2.5 miles south-east of Braintree, 13 miles north-east of Chelmsford, 16 miles south-west of Colchester, 22 miles east of Bishop’s Stortford
Roads: A12, A120, M11
Rail: Braintree Freeport Railway Station, Cressing Railway Station
Air: London Stansted Airport

Situation

Tenure

Freehold.

Description

The property comprises a petrol filling station with a convenience store with off-licence. The property benefits from a site area of approximately 0.081 hectares (0.20 acres).

Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.

VAT

VAT is not applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

VAT

VAT is not applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Reviews
Ground	Petrol Station & Convenience Store	106.50 sq m	(1,146 sq ft)	MR AMIRTHALINKAM (t/a Londis) (1)	20 years from 05/03/2014 until 04/03/2034 on a full repairing and insuring lease (2)	£60,000	05/03/2019 & 5 yearly
Totals		106.50 sq m	(1,146 sq ft)			£60,000

(1) Since July 2004, Londis has been part of the Musgrave Group, one of Ireland’s biggest retailers. With approximately 2,000 members, all independently owned, Londis aims to grow businesses in the rapidly expanding convenience market (Source: www.londis.co.uk 18/02/2015)
(2)The lease is outside the Security of Tenure provisions of the Landlord & Tenant Act 1954.