Available
Billericay – Mobile Phone Shop
Unit 10 The Walk, High Street, Billericay CM12 9XEVirtual Freehold Retail Investment
Price
£275,000
Rent P.A.
£15,000
Yield
5.45%
Tenure
Leasehold
Lease Term
5 Years
Years Left on Lease
1y 1m
Area
625 SQ FT
VAT Applicable
Yes
Sector
Investment Consideration
- Comprises ground floor retail unit t/a Mobile Phone Shop
- Nearby occupiers include Waitrose, Greggs, Poundland, Iceland Foods, KFC and many more.
Key Features
Tenure
Leasehold
VAT
VAT is Applicable
Property Description
Comprises retail unit t/a Mobile Phone Shop, providing the following accommodation and dimensions:
Ground Floor: 58 sq m (625 sq ft)
Open plan retail, Storage, Kitchenette
Ground Floor: 58 sq m (625 sq ft)
Open plan retail, Storage, Kitchenette
Tenancy Description
The property is at present let to an Individual for a term of 5 Years from 3rd May 2019 at a current rent of £15,000 per annum and the lease contains full repairing and insuring covenants. Break clause in 2022 NOT exercised. Deposit held of £4,500.
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