Shop for sale

High Street, Braintree, Essex

Guide Price £485,000
2,382 sq. ft.

Property Description

Commercial information

  • 2,382 sq ft (221 sq m)

Key features

  • MIXED USED FREEHOLD INVESTMENT
  • HIGH STREET LOCATION
  • ATTRACTIVE GRADE II LISTED BUILDING
  • RETAIL UNIT & TWO 3 BEDROOM FLATS

Full description

FOR SALE - MIXED USE FREEHOLD WITH GROUND FLOOR RETAIL UNIT AND TWO 3 BEDROOM FLATS ABOVE.

Location - The property is located in the busy High Street of Braintree, which contains a mixture of multiple and independent retailers. Other businesses in the vicinity include a number of estate agencies, a local tea room, and The Boars Head Public House.

The town of Braintree is located approx. 14 miles north of Chelmsford and 13 miles west of Colchester, and benefits from excellent road links to the A120 and M11.

Description - The property comprises an attractive Grade II Listed 3 storey mixed-use development held as an investment with a ground floor shop, and two 3-bedroom flats on the 1st and 2nd floors.

The ground floor shop has a glazed shopfront, is carpeted, has spotlights, and gas heating. The shop is let out on an 8 year FRI lease at a rent of £10,000 per annum from 2016. There is a rent review in 2020.

The two flats are brand new, and have been recently formed from the upper parts. They have been fitted to a good standard and would be ready to be let out immediately.

The flats have wooden floors throughout, have fitted kitchens and bathrooms, and attractive character features.

Accommodation - Ground Floor Shop:
Sales - 461 sq ft (43 sq m)
Kitchen - 98 sq ft (9 sq m)
Basement - 323 sq ft (30 sq m)
Total - 882 sq ft (82 sq m)

First Floor Flat:
Kitchen/Diner - 14'5" x 12'10" + 7'5" x 4'8"
Bedroom 1 - 13'4" x 10'8"
Bedroom 2 - 11' x 10'10"
Bedroom 3 - 9' 7" x 8' 9"
Bathroom

Second Floor Flat:
Kitchen/Diner - 14'2" x 13'6" + 9'9" x 6'6"
Bedroom 1 - 10' x 9'3"
Bedroom 2 - 10
' x 8'1"

Bedroom 3 - 10'11" x 6'5"
Bathroom

Terms - The freehold interest in the property is available at a price of £485,000.

Business Rates/Council Tax - RV - £11,500
2019/20 Rate in the £: 49.1 p
Rates Payable: £5,646.50
The ground floor tenant is responsible for the business rates, the rateable values lies below the threshold for Small Business Rate Relief, resulting in nil rates payable to an eligible occupier.

Both of the flats are within Council Tax band B.

Legal Costs - Each Party to be responsible for their own legal costs.

Elwell Taylor for themselves and for the vendors or lessors of this property whose agents they are give notice that : (1) The particulars are set out as a general outline only for the guidance of intending purchasers or lessees, and do not constitute, nor constitute part of, an offer or contract; (2) all descriptions, dimensions, references to condition and necessary permissions for use and occupation and other details are given without responsibility and any intending purchasers or lessees should not rely on them as statements or representations of fact but must satisfy themselves by inspections or otherwise as to the correctness of each of them; (3) No person in the employment of Elwell Taylor has any authority to make or given any representation or warranty whatever in relation to this property.


More information from this agent

Nearest stations

  • Braintree (0.4 mi)
  • Braintree Freeport (1.1 mi)
  • Cressing (2.2 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Elwell Taylor Commercial, Chelmsford

65 New London Road, Chelmsford, CM2 0ND

01245 930105 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Braintree (0.4 mi)
  • Braintree Freeport (1.1 mi)
  • Cressing (2.2 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Elwell Taylor Commercial, Chelmsford

65 New London Road, Chelmsford, CM2 0ND

01245 930105 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 29105609. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Elwell Taylor Commercial, Chelmsford. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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