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For Sale High Street, Ongar, Essex, CM5 £500,000

Semi Detached  For Sale £500,000

High Street, Ongar, Essex, CM5

Freehold

Next Home Ltd is delighted to present this detached multi-use building located in the heart of Ongar, Essex. This Grade II listed property offers an excellent investment opportunity with an immediate income and attractive annual yield.The ground floor features a commercial premises, currently operating as a beauty salon under a 4-year lease, providing a steady rental income. Additionally, the ground floor includes multiple rooms at the rear, which may offer the potential to develop a one-bedroom apartment.The property also boasts a two-bedroom duplex apartment with its own entrance. The ground floor of the apartment includes a fully fitted kitchen, while the first floor features a spacious living room, two bedrooms, and a family bathroom. Externally, there is a courtyard at the rear of the property.This commercial property presents an excellent opportunity for immediate income from both the shop and the apartment. Please contact our team today to arrange a viewing.

Dimensions
Main Commercial/Shop Floor20' 6'' x 22' 10'' (6.24m x 6.95m)
Treatment Room8' 1'' x 12' 11'' (2.46m x 3.93m)
Kitchen Area12' 4'' x 12' 11'' (3.76m x 3.93m)
Shower Room7' 8'' x 5' 4'' (2.34m x 1.62m)
Duplex Apartment
Lobby Area9' 1'' x 10' 9'' (2.77m x 3.27m)
Kitchen9' 1'' x 7' 8'' (2.77m x 2.34m)
Living Room11' 6'' x 15' 1'' (3.50m x 4.59m)
Bedroom 111' 8'' x 15' 1'' (3.55m x 4.59m)
Bedroom 28' 6'' x 8' 8'' (2.59m x 2.64m)
Bathroom8' 6'' x 5' 5'' (2.59m x 1.65m)
For more information or to book a viewing, please contact Next Home Ltd today.

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Please note: This is for illustrative purposes only. The above calculator should not be relied upon when making financial decisions. Please seek advice from a specialist financial provider.

IMPORTANT NOTICE

Descriptions of the property are subjective and are used in good faith as an opinion and NOT as a statement of fact. Please make further specific enquires to ensure that our descriptions are likely to match any expectations you may have of the property. We have not tested any services, systems or appliances at this property. We strongly recommend that all the information we provide be verified by you on inspection, and by your Surveyor and Conveyancer.

Fees

Refundable Holding depositCapped at 1 weeks rent
Security DepositCapped at 5 weeks rent for annual rental under £50,000, or 6 weeks rent for annual rental over £50,000
RentThe agreed monthly rent
Changes to tenancyCapped at £50 inc VAT
Early termination chargeNot exceeding the landlord’s financial losses
Late payment of rentInterest of 3% above BoE base rate for each day the rent is late, once it is 14 days overdue
Replacement keysReasonable costs or give the tenant the option to purchase themselves
Utilities, council tax, communication services, TV Licence etcTenants own responsibility unless otherwise stated in contract
Client Money Protection Scheme Membership detailsThe law requires your membership details
Property Redress Scheme Membership detailsThe law requires your membership details