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FOR SALE - FREEHOLD INVESTMENT, GROUND FLOOR SHOP AND TWO FLATS ON BRAINTREE HIGH STREET

For sale: £485,000.00|882 Sq Ft|Mixed use, Other Property Types & Opportunities

PROPERTY DETAILS

FOR SALE£485,000.00
SIZE882 Sq Ft
ADDRESSBraintree Blinds, 100-102 High Street, Braintree, Essex, CM7 1JP
TYPEMixed use, Other Property Types & Opportunities
TENUREFor Sale Freehold
POSTED ON30th September 2019

DESCRIPTION

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.

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 £495,000.

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.

LOCATION

Location: Braintree Blinds, 100-102 High Street, Braintree, Essex, CM7 1JP

Braintree (0.3 miles)

Braintree Freeport (1.1 miles)

Cressing (2.3 miles)

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