TYPEOffice, Retail - High Street, Shopping Centre Unit, Offices, Retail
TENURETo Let, For Sale Freehold
POSTED ON3rd November 2020
The property comprises an attractive mid-terraced building of traditional construction under a pitched roof. The ground floor provides a retail sales area with a full height glazed frontage; recessed entrance onto the High Street and rear access onto Baileys Gant. The property benefits from a basement and office accommodation on the first and second floors.
Location Braintree is located on the A120 some 20 miles to the west of Stansted Airport. Chelmsford is situated 13 miles to the south and Colchester is 17 miles to the east. The property is situated adjacent to and has rear access onto Baileys Gant forming a pedestrian link to the George Yard Shopping Centre, where there is also a multi storey car park. Braintree Town Centre�s Pedestrianisation Scheme is now underway and the High Street is due to be pedestrianised by early 2021.
Accommodation We have measured the property in accordance with the RICS Code of Measuring Practice on a gross internal area basis as follows: Basement: 555 Sq. Ft. (51.61 Sq. M.) Ground Floor: 552 Sq. Ft. (51.33 Sq. M.) First Floor:719 Sq. Ft. (66.86 Sq. M.) Second Floor:625 Sq. Ft. (58.06 Sq. M.) Total: 2,451 Sq. Ft. (227.79 Sq. M.)
Services Mains water, drainage and electricity are connected. We have not tested any of the services and all interested parties should rely upon their own enquiries with the relevant utility company in connection with the availability and capacity of all of those serving the property including IT and telecommunication links.
Local Authority Braintree District Council T. 01376 552525
EPC D - 78.
Planning We understand that the property has the benefit of established retail (Class E) Use. The property has been occupied for the last 5 years by Braintree and Witham Times. The property is situated within the Braintree Town Centre and Bradford Street Conservation Area but we understand that it is not Listed. We are of the view that the upper parts are suitable for residential conversation (S.T.P.P.) and interested parties are advised to contact the Local Planning Authority.�
Business Rates The property is listed on the Valuation Office Agency Rating List as follows: Rateable Value £15,250 Approx. Rates Payable (2020/21)£7,609.75 pa
Terms Offers are invited in excess of £285,000 subject to contract for the freehold interest. Alternatively, the property is available to let on a new full repairing and insuring Lease on terms to be agreed. Rent upon application.
VAT The property is not elected to VAT.
Legal Costs Each party to bear their own legal costs incurred in this transaction.