147-149 High St 437 SF 100% Leased Retail Building Ongar CM5 9JD $845,200 CAD ($1,934.10 CAD/SF) 6.53% Cap Rate

Durden & Hunt welcome to the market this freehold period building that comprises two shops and upper floors.
Durden & Hunt have been advised of the following, however as we have note had site of any legal documents, buyers are urged to do make own enquiries via a licensed conveyancer.
"Hairdressers has a 15 year lease - £900 a month. The card shop next door - roll on monthly contract £750 a month. The 2 bed flat above roll on monthly contract £850 a month." This has been directly quoted from the sellers representative, and may have changed by the time of viewing, depending on when that viewing takes place. Since this information was given, it is our understanding that the flat as now become vacant.
Located in the heart of Ongars High street this offers a great investment with potential to add value.
Consumer Protection from Unfair Trading Regulations 2008. Misrepresentations Act 1967. Property Misdescriptions Act 1991.
These details are prepared as a general guide only and should not be relied upon as a basis to enter a legal contract or to commit expenditure. The sales particulars may change in the course of time and any interested party is advised to make a final inspection of the property prior to exchange of contracts or signing of a tenancy agreement. Durden & Hunt have not tested any apparatus, equipment, fixtures and fittings or services. Items shown in photographs are not necessarily included. On occasion photographs may be owner supplied. On most occasions features and facilities of a property are owner advised and potential buyers/tenants are advised to confirm these. Please note that service charge, ground rent and lease lengths are subject to change, and the information we have supplied was true at time of instruction. References to the tenure, lease length, ground rent and service charges for any property are based on information supplied by the seller, buyers are advised to obtain verification of these stated figures from their solicitor before purchasing. Any mention of planning potential or planning permission is based on the current owners opinion, a potential buyer should assume that this is a speculative opinion only and is not based on planning permission being granted or professional advice, unless otherwise stated. Any reference to distance to stations, amenities or schools are taken from portal estimated distances, buyers are advised to do their own research on distances.
Buyers/Tenants must check the availability of any property and make an appointment to view before embarking on any journey to see a property.
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