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Retail Properties for Sale Near the Billericay, UK

128A-128 High St

Billericay, CM12 9XE

Retail for Sale
£2,000,000
8,370 sq ft

24 Hour Access

Billericay Retail for Sale

Investment Consideration: Gross Initial Yield: 9.23% Rental Income: £184,600 p.a. VAT is applicable to this property Comprises retail parade of 10 shops and self-contained office accommodation (No.128A) which has been sold-off on long leasehold Total existing area: 590 sq m (6,370 sq ft) 100% Retail Occupancy. Two of the tenants have been in occupation since 1984/85 Nearby occupiers include Waitrose, Greggs, Poundland, Iceland Foods, KFC and many more. Property Description: No.128 High Street: Gift Shop Ground Floor: 126 sq m (1,358 sq ft) Open plan retail, Storage, Kitchenette Unit 2 The Walk: Chiropodist Ground Floor: 31 sq m (334 sq ft) Open plan retail, Storage, Kitchenette Unit 3 The Walk: Cafe Ground Floor: 40 sq m (431 sq ft) Open plan retail, Storage, Kitchen Unit 4 The Walk: Nail Bar Ground Floor: 100 sq m (1,078 sq ft) Open plan retail, Storage, Kitchenette Unit 5 The Walk: Retail Ground Floor: 51 sq m (550 sq ft) Open plan retail, Storage, Kitchenette Unit 6 The Walk: Hair Salon Ground Floor: 51 sq m (550 sq ft) Open plan retail, Storage, Kitchenette Unit 7 The Walk: Hair Salon Ground Floor: 44 sq m (474 sq ft) Open plan retail, Storage, Kitchenette Unit 8 The Walk: Organic Food Supplements Ground Floor: 45 sq m (485 sq ft) Open plan retail, Storage, Kitchenette Unit 9 The Walk: Bubble Tea Shop Ground Floor: 45 sq m (485 sq ft) Open plan retail, Storage, Kitchenette Unit 10 The Walk: Mobile Phone Shop Ground Floor: 58 sq m (625 sq ft) 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

Contact:

Blue Alpine Partners Ltd

Property Subtype:

Shopfront

Date on Market:

23/04/2025

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More details for 128 High Street High Street & The Walk St, Billericay - Retail for Sale

The Walk - 128 High Street High Street & The Walk St

Billericay, CM12 9XE

Retail for Sale
£2,000,000
8,611 sq ft

Billericay Retail for Sale

Investment Consideration: Gross Initial Yield: 7.14% Rental Income: £142,850 VAT is applicable to this property Comprises two-storey detached purpose build office building Prior approval (now lapsed) was granted in March 2022 for a change of use from offices (Class E) to 14 x Residential Apartments (Class C3) Development benefits from 23 associated car parking spaces Additional planning approved in November 2022 for development of the roof space to create new office accommodation incorporating the insertion of dormer windows and rooflights Situated opposite Waitrose Superstore with occupiers nearby including Greggs, Poundland, Iceland Foods, KFC and more. Property Description: Mayflower House comprises a detached two-storey purpose-built office building which is set back from the High Street and accessed by a pedestrianised shopping parade ‘The Walk’ from the High Street or via Chapel Street, providing the following accommodation and dimensions Ground Floor: Mixture of large and small office units, kitchen, communal lounge, wc First Floor: Mixture of large and small office units, kitchen, communal lounge, wc Total GIA: 800 sq m (8,611 sq ft) Tenancy: The property is let to multiple tenants on various short-term leases expiring 2026/2027. Additional lease and income information available upon request. Development Opportunity: 21/01203/PACU - Prior approval (now lapsed) was granted in March 2022 for a change of use from offices (Class E) to 14 x Residential Apartments (Class C3), providing the following accommodation and dimensions: Approved Ground Floor: 316.5 sq m (3,406 sq ft) 4 x Studio and 1 x 2-Bed Apartments Approved First Floor: 429.8 sq m (4,626 sq ft) 4 x Studio, 4 x 1-Bed and 1 x 2-Bed Apartments 22/01308/FULL – Planning approved in November 2022 for development of the roof space over Mayflower House only to create new office accommodation incorporating the insertion of dormer windows and rooflights, providing the following accommodation and dimensions Approved Second Floor: 251 sq m (2,701 sq ft) 7 Office Rooms suitable for 4-8 people, reception, wc`s 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