Rare opportunity to acquire a Freehold commercial premises on a prominent high street with planning permission to the upper parts for x6 Apartments. Location
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. Description
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 in the second floor. The shared yard to the rear of the property provides goods unloading access
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 Rates
The rateable value is £74000 with rates payable of £35370 pa Tenure
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 Viewing
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.
The property misdescriptions act 1991 The Agent has not tested any apparatus, equipment, fixtures and fittings or services and so cannot verify that they are in working order or fit for the purpose. A Buyer is advised to obtain verification from their Solicitor or Surveyor. References to the Tenure of a Property are based on information supplied by the Seller. The Agent has not had sight of the title documents. A Buyer is advised to obtain verification from their Solicitor. Items shown in photographs are not included unless specifically mentioned within the sales particulars. They may however be available by separate negotiation. Buyers must check the availability of any property and make an appointment to view before embarking on any journey to see a propertyerification from their Solicitor. Items shown in photographs are not included unless specifically mentioned within the sales particulars. They may however be available by separate negotiation. Buyers must check the availability of any property and make an appointment to view before embarking on any journey to see a property
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Guide Price: The “Guide Price” an indication of the seller’s minimum acceptable price at auction. The guide price can be shown in the form of a minimum and maximum price range, or as a single price figure. This is subject to change up to and including the day of the auction and will not necessarily be the final selling price at auction.
Reserve Price: The “Reserve Price” is the seller’s minimum acceptable price at auction and the figure below which the auctioneer cannot sell. This is normally set within the guide price range or within 10% of a single guide price. The reserve price is not disclosed and is subject to change up to and including the day of the auction.