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Commercial Premises With 2 Flats Above, 59 High Street, Braintree, CM7 1JX
4,315 Sq Ft / Retail / Investment
Sold - Last updated: 22 May 2023
59 High Street comprises a ground floor commercial shop approximately 2,841 sq ft in size and is let to Kaspas until October 2027 at £30,000 per annum.
The property further consists of a 3 bedroom flat which is approx. 818 sq ft in size and a 2 bedroom flat which is approx. 656 sq ft in size. These are let on short-term AST contracts which both collectively generate £25,800 per annum in rent.
The total income generated from the property is £55,800 per annum, reflecting a 7.2% yield.
Location
This property is situated on the busy high street of Braintree Town Centre.
Accommodation
Commercial - 264 sq m (2,841 sq ft)
Flat 1 - 76 sq m (818 sq ft)
Flat 2 - 61 sq m (656 sq ft)
Terms
Tenure - Freehold
Price - £775,000
VAT - Applicable
Rateable Value - £30,965
EPC Rating - D/E
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