A most attractive commercial investment/residential development opportunity

In a prime location on the east side of the High Street is this Grade II Listed retail unit with over 1800 sq ft of sales space together 2 floors above for residential conversion. The retail unit is currently let on a 5 year lease from October 2016 at a currently rent £16,000 per annum, however a break clause has been exercised and the lease will terminate on 1st October 2019. The leaseholder has indicated by letter that they would be willing to stay if the shop was to be split into two which is an option for prospective purchasers to consider. Planning Permission and Listed Building Consent (Application Numbers 18/01111/FUL and 18/01112/LBC) were granted in November 2018 for the first and second floors to be converted into 1 x 2 bedroom flat and 1 x 1 bedroom flat, the consents and drawings are available within the online Legal Pack. An exciting opportunity which should not be overlooked.

Tenure

Freehold

Viewing

Please call the Auctioneer – 01473 558 888.

Energy Efficiency Rating (EPC)

Current Rating D

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Local Authority

Braintree District Council

Solicitors

Holmes & Hills, Bocking End, Braintree, CM7 9AJ, Ref: Natasha Narad, Tel: 01376 320456

Additional Fees

Administration Charge - 0.3% inc VAT of the purchase price, subject to a minimum of £900 inc VAT, payable on exchange of contracts.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.