Bank Street, Braintree

Guide Price £400,000 to £425,000. Yaxley Homes is pleased to present this substantial three-storey, Grade II Listed commercial investment property, prominently situated in the heart of Braintree Town Centre.

Offering an attractive opportunity for investors seeking an established income stream with additional rental growth potential, the property comprises a ground floor retail unit alongside six individual office studios arranged across the first and second floors.

The ground floor retail unit is currently let on a long-term commercial lease, generating an annual rental income of £20,000. The six office studios are currently vacant, presenting an excellent opportunity to increase the property's overall rental income through further lettings.

The first floor comprises four individual offices, benefiting from shared kitchen and toilet facilities, while the second floor provides two additional office studios.

Occupying a central position within Braintree, the property benefits from a variety of surrounding shops, restaurants, cafés and other commercial businesses. The location also offers convenient access to the A120 and A131, with Braintree railway station providing connections to London Liverpool Street.

Accommodation

Ground Floor

Commercial retail unit, currently let.

First Floor

Four individual office studios.

Shared kitchen facilities.

Shared toilet facilities.

Second Floor

Two individual office studios.

Existing Lease and Rental Income

The ground floor retail unit is let on a 20-year lease expiring on 19 September 2040, currently producing £20,000 per annum.

Rent reviews are scheduled for 2025, 2030 and 2035, with the 2025 review remaining undetermined.

The six vacant office studios offer further income-generating potential, with an estimated combined rental value of approximately £27,000 per annum, subject to market demand and agreement of new leases.

Investment Potential

Based on the existing retail income and estimated office rental values, the property has the potential to generate a combined gross rental income of approximately £47,000 per annum once fully occupied.

The combination of established retail income, vacant office accommodation and a prominent town centre location makes this an attractive opportunity for investors looking to maximise rental returns.

Tenure: Freehold

Listed Status: Grade II Listed

All proposed rental figures are estimates and should not be relied upon as guaranteed income. Interested parties should independently verify the existing lease terms, rental values, property condition and any applicable planning or listed building restrictions.

Tenure: Freehold