Superdrug, Brentwood

Property Description

• Freehold Blue-Chip Retail Investment.
• The property is arranged on ground and first floor but also has a basement to provide an attractive parade providing retail accommodation totalling 8,078 sq ft.

Location Description

• Brentwood, with a population of some 79,000, is a popular South Essex town, located approximately 18 miles(28 km) north-east of Central London and 11 miles (18 km) south-west of Chelmsford.
• The town is well connected being located south-east of the A12, which links to Junction 28 of the M25 Motorway approximately 1 mile (1.6 km) away. Brentwood Rail Station provides regular services to London (Liverpool Street, fastest time 29 minutes) and is currently being improved to facilitate the new Crossrail services, (www.crossrail.co.uk).
• The property is situated on the north side of High Street (A1023), between its junctions with Ongar Road and Weald Road
• Occupiers close by include Boots (adjacent), Starbucks, O2 and Thornton’s (all opposite), Pandora, New Look, Iceland, and Marks and Spencer amongst many others.
• The William Hunter Way Car Park and Sainsbury’s Superstore are also located close to the property.

Additional Notes

• The property is let to the strong covenant of Superdrug Stores Plc until December 2020 for £173,900 per annum.
• For the year ending 31st December 2016, Superdrug Stores Plc reported a turnover of £1,213,600,000, pre-tax profits of £80,385,000
  and a total net worth of £86,291,000 (Source: Experian Group 27/4/2018).