Leisure/hospitality for sale in Bank Street, Braintree CM7

Commercial property investment - long leasehold - occupying an exceptional trading position in the affluent area of braintree in the town centre and located close to car parks. The property has most recently traded as a coffee deli bar and has a long history of catering use lending itself to a variety of cuisines. The property would also suit retail use such as a convenience store and even an off licence as the property has a premises licence in place. Measuring approximately 820 Sq. Ft. The premises benefits include external seating, large trading area, small extraction canopy and A good-sized store. The premises are held on a long leasehold of 99 years with approximately 33 years remaining paying a ground rent of £300 per annum. The premises are currently let at £16,000 per annum plus VAT.

The premises occupies a main trading position within the town centre uniquely sandwiched between Lloyds Bank and Ladbrokes as well as being surrounded by all the major high street retailers, supermarkets, banks and offices. The trading position is close to the main road going through the town and the shopping centre therefore creating a highly enviable passing footfall with natural organic vehicular traffic.

External front - A large, signed display window is to the left-hand side of a wood framed part-glazed large single door entrance. Externally the premises benefits from a full width display fascia, wall mounted signage box with lighting and seating for 10+ covers.

Retail space - Open plan and rectangular in shape measuring 40.58 x 14.36 approximately 583 sq. Ft. The retail space benefits from wood type flooring throughout, industrial style lighting with hanging feature lights, part panelled interior walls and can accommodate 38+ covers. Towards the rear of the premises would be the serving area on the left-hand side and on the right-hand side is a door leading you into the customer toilets and disabled WC with baby change.

Kitchen - located at the end of the retail space, behind where the till serving area would be there is a door into the compact kitchen, which does have a small extraction canopy and measures only 6.36 x 9.43 approximately 60 sq. Ft. A doorway in the kitchen leads to a lean-to area that provides access to the rear service yard and has 2 internal doors for an owners' office/staff room and a double-sized dry store.

The property is held on a long leasehold of 99 years with approximately 33 year unexpired with a ground rent is payable of £300 per annum. The premises are currently let producing a rental income of £16,000 per annum plus VAT. The current tenants have served notice to vacate 18th March 2024 therefore the property can be sold with vacant possession. Essex and Suffolk business sales are advertising the premises to let seeking a new secure fr&I lease at and asking rental of £17,000 per annum plus VAT.

Please contact Essex and Suffolk business sales for further information and any incentives that may be available.