This property presents a compelling opportunity for renovation and investment in the vibrant Brentwood Town Centre. The ground-floor unit is currently leased to Smile HQ under a 15-year agreement that commenced in October 2022, generating an annual rental income of £48,000. Above this, the first and second floors are configured as serviced offices, which are presently let on a flexible monthly license basis.
Significantly, the property has received planning permission to transform the existing office space on the upper floors into four one-bedroom apartments. This potential conversion can enhance the property's value and offer additional rental income streams, making it an appealing option for investors looking to maximize their returns. Detailed planning documents can be accessed via the Brentwood Borough Council’s planning portal under reference 24/01327/FUL.
Brentwood itself is well-positioned just 25 miles north-east of London and approximately 12 miles south-west of Chelmsford. With convenient access to the M25 (J28) only two miles away and a reliable train service connecting to London Liverpool Street in about 35 minutes, this location benefits from both accessibility and local amenities.
The property is being offered on a freehold basis, subject to the existing lease on the ground floor. The energy performance ratings indicate a C rating for both the ground and first floors, while the second floor holds a D rating. Each party involved will bear their own legal costs during this transaction.
Overall, this property not only provides immediate rental yield but also offers significant renovation potential to capitalize on the growing demand for residential spaces in this sought-after area.
