Rare opportunity to acquire a Freehold commercial premises on a prominent high street with planning permission to the upper parts for x 6 Apartments.
The property is situated in a prominent position on Bank Street, where all the major high street clearing banks have branches. The George Yard shopping centre, anchored by Boots and Adams, is approximately 25 metres from the subject property, and is on the same side of the road. Bank Street is pedestrianised at this point, although not outside the subject property. Bank Street joins the High Street, also partly pedestrianised, to the south of George Yard. The junction of the High Street and Bank Street is considered to be the best retail location in the town centre. The subject property is considered to be on the better, western side of Bank Street where the pedestrian flow is markedly better than that on the eastern side.
The accommodation is arranged as retail space on the ground and first floors, with storage on the first and second floors. There is also a staff room on the second floor. The shared yard to the rear of the property provides goods unloading access
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.
The property occupies a relatively prominent corner site of approximately 0.03 ha (0.08 acre)
The property also benefits from having planning permission for 6 apartments for the upper parts.
4x 1 Bedroom Apartments
2x 2 Bedroom Apartments
Braintree District Council - Application No: 18/00601/FUL
The rateable value is £74000 with rates payable of £35370 pa
The agents are advised that the property is freehold but they have not checked the legal documents to verify this. The buyer should obtain confirmation from their solicitor or surveyor.
SERVICES AND APPLIANCES
The agents have not tested any apparatus, equipment, fixtures, fittings or services and cannot verify they are in working order or fit for the purpose. The buyer should obtain confirmation from the solicitor or surveyor
By arrangement with Royal Estates
FIXTURES AND FITTINGS
Excluded from the sale unless referred to herein
MONEY LAUNDERING REGULATIONS
Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.