Available
Billericay – Gift Shop
128 High Street, Billericay CM12 9XEVirtual Freehold Retail Investment
Price
OIEO £500,000
Rent P.A.
£34,000
Yield
6.80%
Tenure
Leasehold
Lease Term
25 Years
Years Left on Lease
Holding Over
Area
1,358 SQ FT
VAT Applicable
Yes
Sector
Investment Consideration
- Comprises ground floor retail unit t/a Gift Shop
- Tenant in occupation since 1985
- Nearby occupiers include Waitrose, Greggs, Poundland, Iceland Foods, KFC and many more.
Key Features
Tenure
Leasehold
VAT
VAT is Applicable
Property Description
The property comprises ground floor retail unit t/a Gift Shop, providing the following accommodation and dimensions:
Ground Floor: 126 sq m (1,358 sq ft)
Open plan retail, Storage, Kitchenette
Ground Floor: 126 sq m (1,358 sq ft)
Open plan retail, Storage, Kitchenette
Tenancy Description
The property is at present let to Olive Branch Billericay Ltd for a term of 25 Years from 11th October 1985. Tenant in process of signing a new 5 Year FRI Lease and already paying the new agreed rent of £34,000 per annum.
Tenure:
Long Leasehold. To be held on a 999 year lease from completion at a ground rent of peppercorn.
Tenure:
Long Leasehold. To be held on a 999 year lease from completion at a ground rent of peppercorn.
Tenancies & Accommodation

Location Description
Billericay is situated in the South East Essex Area approximately 35 miles east of central London and 10 miles distant of the M25 and national motorway network accessed via the A127 Arterial Road which provides direct links to the A12. Billericay has a main line railway station providing services to the City. The property is located in the heart of Billericay and forms part of the popular 'The Walk' shopping parade, situated at the south end of Billericay High Street. The Walk provides a number of local retailers benefiting from good footfall due to its role as a thoroughfare to the Waitrose car park. Occupiers nearby including Waitrose, Greggs, Poundland, Iceland Foods, KFC and many more