2 bed retail premises

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2 bed retail premises

High Street, Braintree CM7
£1,500,000

Our Summary

  • The building is situated in a prominent position on the corner of Braintree High Street and Bank Street and has potential subject to planning to potentially extend to add an additional apartment or convert the two retail units into residential

Description

This unique property offers a rare opportunity to purchase the freehold of two established commercial units and two one-bedroom apartments in a prominent location on Braintree High Street. The building has potential to be extended or converted, subject to planning permission, to add an additional apartment or convert the retail units into residential. The property benefits from excellent access to Braintree station, local shops, and George Yard shopping centre, with backing onto a multi-storey carpark. The two commercial businesses have been well-established for many years, generating annual rents of £18,000 and £25,000 respectively, while the two apartments are rented out for £12,000 each per annum.