About this property
Key Features
Freehold with vacant possession
Town centre location
Planning permission granted for 2 residential flats
Mixed use investment/development property
Description
A substantial prime shop and upper floors, which provides an attractive investment/development opportunity, following the grant of planning permission to covert the uppers. The building is of part timber frame and rendered wall construction beneath a pitched slate roof, with a large flat roof extension to rear with brick walls.
The flexible property presents a good opportunity for an investor/developer purchaser, with further planning gain potentially available (STP).
The property is arranged as ground floor shop and basement, with 2 self -contained upper floors approached by a separate access with the following dimensions (NIA):
Gross frontage - 10.76m
Ground floor sales - 164.44m²
Ground floor ancillary - 43.29m²
Basement ancillary - 18.67m²
First floor ancillary - 103.87m²
Second floor ancillary - 54.16m²
Tenure
Freehold with vacant possession
Location
The property is found in the heart of the pedestrianised Bank Street, close to the entrance to The George Yard shopping centre, with nearby retailers including New Look and Vision Express.
Braintree is an affluent and expanding market town and also a popular commuter town, having a fast and frequent rail service to London's Liverpool Street.
Lot Type
Commercial
Planning
Planning permission was granted in September 2020 for the change use of the upper floors to provide 1x1 bed and 1 x 2 bed flats (2 units), planning reference 20/00698/FUL. The well designed scheme utilises the existing separate entrance to the uppers, and provides consent for a first floor flat (90.25m²) with; Living room, Kitchen, 2 Bedrooms both of which have En-suites Shower rooms, and separate Cloakroom.
At second floor level, a 1 bedroom flat (64.9m²) offers: Living room, separate Kitchen, Bedroom and Bathroom.
The property is subject to VAT - please see legal pack.
Legal Packs
www.cheffins.co.uk/auctions/property-auctions or Senal Patel of Bishop & Sewell, 59-60 Russell Square, Holborn, London, WC1B 4HB
Viewing
Cheffins Property Auction Dept 01223 213777
Important notes
*Guide prices are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve price (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set up to or within the Guide Range or no more than 10% above a single figure Guide. The reserve price will remain confidential between the seller and the auctioneer.
Fees: The guide price excludes any additional fees that the purchaser may incur, to include, but not limited to, Buyers Contract fee, Stamp Duty Land Tax, VAT, legal and search fees etc. Please refer to relevant Auction Legal Packs for details.�