Commercial properties for sale in Falkland Court, CM7
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Situated on Braintree High Street, this newly renovated, attractive period property offers ground floor and basement retail space with WC and kitchenette, currently let on a five-year lease expiring in 2023. The further two floors provide 1 x 1 bedroom apartment and 1 x 2 bedroom apartment, both fully let on ASTs.
The property has been fully renovated on all floors both internally and externally. Two allocated parking spaces (free of charge) come with the property situated in the George Yard car park.
The property has an income of £28,800 per annum, representing a return of 6% for the residential element and 7.25% for the commercial. Please see particulars for tenancy schedule and further details.
An employee/Director of Coke Gearing has declared a personal interest in this property, as required under the Estate Agents Act 1979.
71, 71a & 71b High Street, Braintree, Essex CM7 1JX (£28,800 pa income)
Type: Residential, Retail
71 High Street, CM7 1JXGBBraintreeEssexCM7 1JX71, High Street
• Fully Let – Rent Reserved £68,310 per annum exc • Prestigious Barn Style Office – Modern High Specification Detached Office Premises • 21 Parking Spaces (1:207 sq ft approx) • Excellent A12 Access • Countryside Views GUIDE PRICE: £825,000 S.T.C
LOCATION Threshelfords Business Park, is an established office development comprising a range of individually designed detached office buildings, built in 2007 and set in a well tendered and mature parkland setting with countryside views.
The Threshelfords Business Park benefits from excellent access to the A12, situated mid-way between Chelmsford and Colchester with both being within 15 miles of the A12 junction at Kelvedon and is only 0.66 miles from the Kelvedon train station providing fast access to London Liverpool Street. Occupiers include Inntel, Arthur J Gallagher, Environment Agency, Focus Integrated, RCCE.
DESCRIPTION The premises are one of seven modern traditionally built substantial detached office buildings on the established and well-renowned Threshelfords Business Park estate.
Granville House has been sub-divided into 6 office suites and let as a multi-occupied business center. The offices completed to a high specification benefit from aluminum double-glazed windows, suspended ceilings with recessed lighting, carpeting, gas-fired central heating, communal hall entry with lift access, kitchenette and disabled WC facilities, shower room, air conditioning, extensive power, telecoms and CAT5E data points throughout.
PARKING 21 onsite parking spaces
SERVICES Mains water, drainage, electricity and gas are all connected to the property.
ENERGY PERFORMANCE ASSET RATING EPC Rating C74.
TERMS We are instructed to seek offers of £825,000 plus vat subject to contract
999 year Long Leasehold interest from 2006 (virtual freehold) subject to the above tenancies producing a Net Rent of £68,310 plus vat per annum plus service charge.
A purchase of £825,000 would reflect a Gross Initial yield of 8.28% and a net initial yield of 7.87% assuming purchase costs of 5.25%.
VAT All rents and prices stated are subject to Value Added Tax.
LEGAL COSTS Each party to bear their own legal costs.
BUSINESS RATES Interested parties are advised to make direct enquiries with Braintree District Council business rates department on 01376 552525.
VIEWING Strictly by prior appointment with the Sole Agents NICHOLAS PERCIVAL on 01206 563222. email@example.com
TENANCY & ACCOMMODATION
Suite NIA sq.ft Tenant Lease expiry Rent PAX Service Charge Parking Spaces Suite 1 1122 NFU MUTUAL INSURANCE LTD 14/12/2020 £16,000 £5,750.04 4 Suite 2 Office 1 286 WISDOM DESIGN LTD 31/07/2019 £5,150 £1,433.47 3 Suite 2 Office 2 200 MEDIAVITA LIMITED 31/08/2018 (holding over) £3,600 £1,002.36 2 Suite 2 Office 3 592 ONE PENSION CONSULTANCY LTD 17/09/2020 £10,560 £2,963.91 2 FF Suite 3 Office 4 1282 GREYREAD LTD 10-years from completion with a tenants only 5-year break and upwards only rent review. £22,500 £6,418.26 7 FF Suite 3 Office 5 690 AGE CONCERN 28/02/2021 £10,500 £3,454.50 3
4,356 £68,310.00 £21,113.54 21
Fully Let Multi-occupied office Investment - passing rent £68,310 per annum
Type: Office, Business park, Offices
Granville House Threshelfords Business Park, Inworth Road, Colchester, CO5 9SEGBColchesterEssexCO5 9SEGranville House, Inworth Road
An opportunity to purchase an attractive mixed residential and commercial investment in a busy location in Maldon High Street, providing an income of approx. £64,000 per annum. Double fronted three storey building comprising of two ground floor retail units and four residential apartments on the upper floors. There is an attractive building to the rear, including three garages and one further apartment on the first floor. The rear building has vehicular access and approached via the side of the property and provides a parking space.
For Sale - Mixed Residential & Commercial Investment Producing Approx. £64,000 Per Annum
Type: Residential, Retail
132-134 High Street, CM9 5BXGBMaldonEssexCM9 5BX132-134, High Street
On offer is the ground floor shop of a prominent, attractive Grade II listed property on Dunmow High Street. Internally the property is in excellent decorative order with a mixture of modern design incorporating period features, and mainly comprises a retail area together with stores, WC and a kitchen.
The ground floor is sold freehold with the apartments above being sold on long leasehold interests at a peppercorn rent. The apartments have a responsibility to contribute toward shared costs of maintenance and repair of the property.
Externally, to the back of the property, there is a shed for storage and parking spaces for up to four vehicles.
There is a current income of £20,500 per annum, rising to £22,500 per annum in 2020. Please see particulars for more details and tenancy schedule.
34 High Street, Dunmow, Essex CM6 1AH
34 High Street, CM6 1AHGBDunmowEssexCM6 1AH34, High Street
ADDRESS: 13/17 Bank Street, Braintree, Essex • Freehold with 7876 sq ft • Uppers parts could be converted to residential • Located in the Main Central Retail Area LOCATION Braintree is an historic market town located approximately 12 miles north of Chelmsford and 17 miles east of Bishop’s Stortford. Stansted Airport lies approximately 14 miles to the west via the A120, and 40 miles north east of central London SITUATION The property is situated in a busy trading position on the western side of Bank Street, in the central retail area of the town, where nearby occupiers include Santander, New Look, Iceland, Vision Express and Barclays. George yard multi storey car is located nearby with parking for 700 cars DESCRIPTION The property comprises a ground floor retail unit with additional first floor retail and ancillary accommodation and second floor staff and storage accommodation. The property benefits from a service yard to the rear ACCOMMODATION Gross Frontage: 41’1’’, Internal Width:39’2’’,Shop Depth: 87’8’’,Ground Floor: Sales 3,006 Sq. Ft., First Floor : Sales 2,360 Sq. Ft., First Floor: Storage 750 Sq. Ft., Second Floor: Staff / Storage 775 Sq. Ft., Basement 985 sq ft Total Approximate Floor Area: 7876 sq ft. RATES The rateable value is £74000 with rates payable of £35370 pa TENURE: Freehold VAT IS: Not Applicable PRICE: £1,500,000
Vacant Freehold – Braintree
Type: Residential, Retail
13 Bank Street, CM7 1UGGBBraintreeEssexCM7 1UG13, Bank Street