Coggeshall Road, Braintree, Essex, CM7

Fully let retail and office unit for sale freehold in the centre of Braintree Town.

Location
Coggeshall Road is located in Braintree town centre, and is a short walk to the High Street which is pedestrianised. The property forms part of a small terrace of retail and office properties close to Lloyds and Barclays Banks to the West and Sainsburys to the East. 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
Lion House is an attractive building with accommodation over two floors plus a basement which is currently fully let. There is a rear car park approached via Swanside with parking for at least 9 cars.

The property will be generating from 9th December 2025 a total of £41,280 per annum (excluding VAT) with a gross initial yield of 9.4%.

20A is let on a FRI lease for 3 years from 10/03/2025 and 20B is let on a FRI lease for 3 years from 01/09/2024.

Ground Floor
The ground floor shop/unit has a lease for 3 years from 21/03/2025.

First floor
Offices 1-4 are let on a 3 year lease from 09/12/2022 which we understand is due to renew.

Office 5 is let on a lease basis on 30 days notice period.

Office 6 is let on a lease basis on 30 days notice period.

Copies of the Leases are available upon request.

The offices are accessed from a ground floor entrance from Coggeshall Road through a video intercom door entry.

Accommodation
The total approximate net internal area is 2,725 sq ft ( 253.1 sqm) plus a basement of 414 sq ft (38.5 sqm)

TERMS
The freehold of the whole building is available with the asking price £440,000 plus VAT.

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
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.

ANTI-MONEY LAUNDERING REGULATIONS
Joscelyne Chase are required to formally verify prospective purchaser’s identity, residence and source of funds prior to instructing solicitors in order to comply with anti-money laundering regulations.

VIEWING
Strictly by appointment with JOSCELYNE CHASE, please contact the Commercial Department.