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Studio apartment for sale
Church Street, Bocking, Braintree, Essex CM7
£390,000
Church Street, Bocking, Braintree, Essex CM7
£390,000
Our Summary
- *investment opportunity with an initial gross yield of 7
- This premisis offers an idea investment opportunity with a MIX of residential and commercial uses within this Grade II listed property
Description
This investment opportunity presents a Grade II listed property in the heart of Bocking, comprising a mix of residential and commercial uses. The property is fully occupied, generating a gross rent of £29,280 per annum, with two residential flats let on ASTs, three long leaseholders with approximately 50 years remaining, and two commercial leases on five-year terms. The property is located in the conservation area, close to Braintree town centre and with nearby amenities such as a CoOp, pub, and village club. With an initial gross yield of 7.5%, there is potential to add income by investing in building improvements, offering a unique opportunity for investors to increase their returns.