South East Retail/Office Opportunity with Development Potential

111 High Street | Billericay | Essex | CM12 9AJ


subject to contract

Click To Purchase


  • Located in affluent Essex town

  • Available with Vacant Possession

  • Potential to extend the ground and first floors at the rear, add a second floor and convert to residential use

  • Potential to add a second floor, subject to planning

  • Potential to convert to residential use, subject to planning

  • Residential values in the area are approximately £375 psf

  • Estimated rental value of £60,000 per annum

  • £600,000 subject to contract

  • Asking price reflects a capital value of £139 psf

  • Yield of 9.52% achievable by letting the property at the estimated rental value



Billericay is an affluent south east commuter town located in the county of Essex and in the borough of Basildon. The town is located approximately 30 miles (48 km) east of London, 8 miles (12.8 km) south of Chelmsford and 33 miles (53 km) north west of Southend-on-Sea.

The town benefits from good road communications with the A12 being located 4 miles (6.4 km) west of the town which provides direct access to the M25 (Junction 28) which is approximately 7 miles (11 km) to the west. Billericay railway station provides direct journeys to London Liverpool Street within approximately 30 minutes with around 8 trains departing every hour.
Stansted Airport is located approximately 25 miles (40 km) to the north, Heathrow Airport is approximately 50 miles (80 km) to the west and Luton airport is approximately 50 miles (80 km) to the north west.

Billericay is one of the most affluent towns in the county of Essex with the average house price near the High Street on Deerbank Road being over £1.7m. The average price for a house in the town is £150,000 more than the Essex average. (Source -

The town also benefits from ample parking.


The property is situated in a prime position on the western side of the High Street which is home to a mix of national and local businesses.

Some nearby occupiers include HSBC bank (adjacent), a large Waitrose Supermarket with car park, Poundland, Greggs, Iceland, Giggling Squid, Wildwood Kitchen, Superdrug, Costa Coffee, Ask Italian, Specsavers, Boots and WH Smith. There is free car parking directly outside the property.

The property also benefits from being in a densely populated residential area and is less than 500 metres from Billericay Railway Station.



The property is being offered with full vacant possession.

The property currently comprises a retail unit arranged over ground floor and first floor offices. There is a small parcel of land to the rear.

The ground floor was previously occupied as a Lloyds pharmacy consisting of a sales area and staff/storage accommodation to the rear.

The first floor comprises self-contained office accommodation, accessed from the front of the property and was occupied by a firm of accountants.


The property has been measured by BKR Floor Plans and provides the following areas:

Net Frontage 26’4” 8.03
Gross Frontage 33’5” 10.19
  Sq Ft Sq M
Zone A 508 47.19
Zone B 611 56.76
Zone C 675 62.71
Remainder 1,090 101.26
ITZA 1,118.5 Units  
Net Internal Area    
Ground Floor 2,884 267.92
First Floor 1,071 99.50
Total NIA 3,955 367.42
Gross Internal Area    
Ground Floor 3,154 293.01
First Floor 1,173 108.97
Total GIA 4,327 401.98

The measured survey is available to download and will be re-addressed to a purchaser at a cost of £325 + VAT.



The property is not listed.

As of 1st September 2020, new planning regulations allow for significantly greater flexibility to change uses within towns across England without the need to obtain planning permission.

Therefore, the property will benefit from a range of permitted uses, including office, restaurant, retail, financial and professional services, research and development, light industrial, clinic, health centre, nursery and indoor sports and recreation.

Subject to planning permission this property would lend itself well to residential use.





The property was let to Lloyds Pharmacy Limited, who were holding over since 5th September 2018 and vacated on 30th September 2020, following 40 years in occupation. The passing was £57,000 per annum. Lloyds Pharmacy sub-let the first floor to a firm of accountants at a rent of £10,000 per annum. The vendor did not agree to renew the sub tenants lease so this tenant has also vacated.

Therefore, the property is being offered with full vacant possession.

A schedule of dilapidations has been formally served on the tenant. The schedule can be made available upon request.

Based on recent new lettings on the High Street, the estimated rental value is £60,000 per annum. This is based on a Zone A rate of £45 psf and an allocation of £10,000 for the first floor self-contained office. Further information upon request.


The property has not been registered for VAT, therefor VAT will not be charged on the purchase price.



We are instructed to seek offers of £600,000 (Six Hundred Thousand Pounds), subject to contract. This price reflects a capital value of £138.66 per square foot GIA and based on the estimated rental value reflects a yield of 9.52%, assuming purchasers’ costs of 5.05%.

Please note that a purchaser will be re-charged the cost of searches and surveys which are provided in the data room.

Please note a purchaser will be charged a Transaction Fee of £5,000 + VAT.

Investment Considerations

  1. Very low capital value of £138.66 psf;

  2. Highly affluent location;

  3. Potential for a first floor and ground floor extension at the rear, subject to planning;

  4. Potential to add a second floor, subject to planning;

  5. Potential to convert to residential use, subject to planning;

  6. Self-contained upper parts with dedicated access from the front of the property;

  7. The property occupies a prime location in the heart of the town centre;

  8. No VAT payable;

  9. Attractive yield of 9.52% by just letting the property at based on the estimated rental value;


Data Room and clicktopurchase®

Access to the data room and for the ability to purchase online with speed and ease, please click the clicktopurchase® “C” icon or the clicktopurchase® side bar. Purchasers will be able to access the complete legal package, clear verification and submit legally-binding offers to acquire the property.

Purchasers benefit from the trust, security and transparency provided by the platform. All activities, including the online contract execution, will form part of the electronic audit trail which is anchored in the clicktopurchase® Blockchain.

clicktopurchase® provides the opportunity for any investor, whether located UK or abroad, to uniquely purchase online with ease and certainty. To learn more about clicktopurchase®, click here.



We have established relationships with a number of leading finance companies who are in a position to quote terms for suitable situations. To learn more, please visit our “Finance” section.

Contact Us

Singer Vielle   +44 (0) 207 935 7200
Daniel Elia +44 (0) 203 701 1353
Dale Henry +44 (0) 203 701 1356
Neil Singer +44 (0) 203 478 9120

Vendors Solicitor

Joelson Law +44 (0) 207 580 5721
Jude Salmon