Braintree, Essex, CM7

Fully let semi-detached office premises with a rear single storey extension of approximately 1,422 sq ft. The property is generating an income of £23,000 per annum with a gross initial yield of 7.1%.

Location
Coggeshall Road is located in close proximity to Braintree town centre and is a short walk to the High Street which is pedestrianised. The property is located directly opposite Sainsburys Car Park and next to Mencap and Braintree Dental Centre.

Braintree is an historic market town in the county of Essex, situated approximately 10 miles from Chelmsford and 15 miles from Colchester. It has excellent transport links, served by the A120, A12 and A131, the former of which links to Stansted Airport and London via the M11.

One of Braintree’s two train stations is located 0.4 miles from the property and provides a regular train service to London Liverpool Street which takes approximately one hour.

Description
The property consists of two floors and is of brick construction with a slate roof. There is vehicular and pedestrian access to the rear. There is a bin store and boiler room to the rear.

The property is currently leased to Essex County Council with a provision to sublet at an annual rent of £23,0000 per annum for a term of 3 years expiring 31st March 2025.

The lease is outside the security of tenure provisions of the Landlord and Tenant Act. A copy of the Lease is available upon request.

Accomodation
The approximate net internal areas are as follows:
Ground Floor - 736 sq.ft.
First Floor - 686 sq.ft
Total 1,422 sq.ft

TERMS
The freehold of the whole building is available with the asking price £325,000 subject to the existing lease.

SERVICES
We understand the property is connected to mains water, drainage and electricity. Please note Joscelyne chase has not tested any of these services.

RATEABLE VALUE
The tenants are responsible for paying their own business rates. Applicants are recommended to confirm the above information direct with Braintree District Council, tel. no. .

LEGAL FEES
Each party is responsible for their own legal costs.

ENERGY PERFORMANCE CERTIFICATE (EPC)
Please contact our office if you would like a copy of the full report.