Prime Commercial Property Investment Opportunity in Braintree, Essex
Braintree, EssexAsking Price: £149,999
Status:
FOR SALE
Date Submitted:
21/08/24
Advert ID:
2212
Reference:
I0028E / Rightbiz
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Business Details
COMMERCIAL PROPERTY INVESTMENT 11% YIELD PRICE: £150,000 – VIRTUAL FREEHOLD BANK STREET, BRAINTREE
COMMERCIAL PROPERTY INVESTMENT 11% YIELD
PRICE: £150,000 – VIRTUAL FREEHOLD
LOCATION – BANK STREET, BRAINTREE – ESSEX
REF: I0028E
COMMERCIAL PROPERTY INVESTMENT – VIRTUAL FREEHOLD – retuning an 11% YIELD occupying an EXCEPTIONAL TRADING POSITION in the AFFLUENT AREA OF BRAINTREE in the TOWN CENTRE and located CLOSE TO CAR PARKS. The property has UNDERGONE A MAJOR REFURBISHMENT and comes to market EXCEPTIONALLY WELL PRESENTED with a LONG-TERM EXPERIENCED OPERATOR. The property itself has a LONG HISTORY OF CATERING USE and would also suit RETAIL USE which we believe this minimises the risk of an untenanted property. TOTAL RENTAL INCOME £17,000 PLUS VAT. Measuring approximately 820 Sq. Ft. the premises benefits include EXTERNAL SEATING, LARGE TRADING AREA, AND A GOOD-SIZED REAR STORE. The premises are held on a LONG LEASEHOLD OF 99 YEARS with approximately 31 years remaining paying a ground rent of £300 per annum. The premises are CURRENTLY LET AT £17,000 PER ANNUM plus VAT.
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