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29/31 Bank Street 29/31 Bank Street, Braintree, CM7 1UG

4,138 sq ft
29/31 Bank Street, Braintree - Picture
Use Class

Use Class

E

Size

Size

4,138 sq ft

Rent pa

Rent pa

POA

** Planning consent has now been obtained for residential conversion of the upper parts **

100% prime shop and upper floors to let or for sale, located in the pedestrianised Bank Street which is the prime shopping location in the town centre and is a few doors from the entrance to The George Yard Shopping Centre. Major retailers represented nearby include New Look, Iceland, Vision Express, Boots, WHSmith and Superdrug.

Braintree is an affluent and historic Essex market town with an urban population of some 42,000 and a district area population of 132,000 which is rapidly expanding. The town is approximately 40 miles north east of London, 10 miles from Chelmsford and 15 miles from Colchester, enjoying good road communications being adjacent to the A120 linking with the A12 to the east and the M11 to the west. Braintree is also a popular commuter town having a fast and frequent rail service to London's Liverpool Street Station of approximately 1 hour.

Accommodation

4,138 Sq.Ft

The property is arranged as a ground floor shop and basement with two self-contained upper floors, approached via a separate access from Bank Street.

Dimensions
Feet
Metres
Gross Frontage
35
10.7
Areas
Sq.Ft
Sq.M
Ground Floor Sales
1,770
164
Ground Floor Ancillary
466
43.3
Basement Ancillary
201
18.7
First Floor Ancillary
1,118
103
Second Floor Ancillary
583
54.2

Financial

Lease Type

New Lease

Lease Term

The property is offered on a new lease basis for a term to be agreed, either as a whole or separately. Further information can be found on the attached details. Alternatively, the freehold may be available with the price available upon application.

Rent

The property can be rented as either as a whole or separately with the following rents: Ground Floor and Basement Only - £42,500 p.a. excl. Upper Floors Only - £10,000 p.a. excl. Combined - £52,500 p.a. excl. Alternatively, the freehold may be available with the price available upon application.

Rates

The rateable value is £50,500 for the ground floor and basement and £9,950 for the 1st and 2nd floors. Rates payable may be subject to transitional relief and interested parties are advised to make their own enquiries to the Business Rates Department of Waltham Forest Council – Tel: 020 8496 3000

Tenure

Leasehold

Misrepresentation Notice

All the above information and descriptions (whether in the text, plans or photographs) are given in good faith but should not be relied upon as being a statement of representation or fact. Any areas, measurements or distances referred to are approximate only.

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This was last updated on 22/12/2021