Investment Properties: 76 -78 High Street, Braintree, Essex, CM7 1JS

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76 -78 High Street, Braintree, Essex, CM7 1JS

Guide Price - £1,100,000 STC

  • Ideally located on High Street, within a short walking distance of Braintree Train Station which offers direct trains into London Liverpool Street in 58 mins.

  • The completed development will comprise 1 x retail unit and 7 x flats.

  • The retail unit is arranged over part Basement (380ft2) and Ground Floor (1,176ft2) and offers the opportunity to be split into two separate units. The unit will be finished to “shell and core”.

  • The residential element is arranged over ground (rear), first and second floors and comprises 6 x 1 bed and 1 x 2 bed with a total proposed NIA of 3,904ft2.

  • We believe the completed development has an ERV of:

    • Commercial – circa £28,000 to £30,000 pax
    • Residential - £60,000 pa
    • Total – circa £90,000 pa

  • All flats are to be completed to a high specification.

  • We believe the break up value of the various elements to be in the region of:

    • Commercial - £300,000
    • Residential - £1,200,000
    • Total - £1,500,000

  • The development is due to reach Practical Completion in September 2020.

  • The development will be provided with a new 10 year structural guarantee (TBC).

  • Freehold.

  • Guide Price - £1,100,000 Subject To Contract.