128A High Street, Billericay, Essex, CM12

Investment Consideration:
Vacant possession
VAT is applicable to this property
Comprises first floor self-contained office accommodation accessed from The Walk
Prior approval granted for a change of use of first floor office accommodation (Use Class E) to Dwellinghouses (Use Class C3) to create two residential flats (1 x 2-Bed and 1 x Studio)
Planning approved in September 2022 (now lapsed) for construction of additional floor containing two residential flats (1 x 1-Bed and 1 x 2-Bed)
Nearby occupiers include Waitrose, Greggs, Poundland, Iceland Foods, KFC and more.

Property Description:
The property comprises first floor office accommodation with residential development opportunity, providing the following accommodation and dimensions:
First Floor: 186 sq m (2,000 sq ft)
Open plan office, 4 Rooms, Kitchenette, WC

Tenure:
Long Leasehold. To be held on a 999 year lease from completion at a ground rent of peppercorn.

Development Opportunity:
21/01328/PACU - Prior approval granted for a change of use from offices (Use Class E) to Dwellinghouses (Use Class C3) to create two residential flats (1 x 2-Bed and 1 x Studio), providing the following accommodation and dimensions:
First Floor:
Flat 1 - 106 sq m (1,141 sq ft)
2 Bedrooms, Open plan kitchen/living room, 2 Bathrooms
Flat 2 - 71 sq m (764 sq ft)
Studio, Open plan kitchen/living room, Bathroom

22/00545/FULL - Planning approved in September 2022 (now lapsed) for construction of additional floor containing two residential flats (1 x 1-Bed and 1 x 2-Bed) and alterations to the existing front and rear elevations at first floor level including the provision of a rear balcony
Second Floor:
Flat 3 - 93 sq m (1,001 sq ft)
2 Bedrooms, Open plan kitchen/living room, 2 Bathrooms
Flat 4 - 48 sq m (517 sq ft)
1 Bedroom, Open plan kitchen/living room, Bathroom

Location:
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