1 Bank St | Braintree CM7 1UG
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1 Bank St
Braintree CM7 1UG
Retail Property For Sale
Investment Highlights
- Prominent town centre position
- Short distance to George Yard shopping centre
- Close to local amenities
Executive Summary
The entire building is held on a lease to Barclays Bank UK PLC until March 2025 at a passing rent of £60,000 per annum exclusive.
No. 1 Bank Street is a unique and attractive Grade II Listed building occupying a well-positioned and prominent location. The building is occupied by Barclays Bank and comprises an extensive main front counter area at ground floor level, together with individual customer meeting areas with back of house operations, stores and staff areas. The first and second floors provide for office and staff areas, together with stores and separate toilet facilities. The basement area offers further storage, safe areas and strong rooms
Occupying a prominent position fronting Bocking End at its junction with Rayne Road and Bank Street on the northern side of the town centre, directly opposite the White Hart Public House & Hotel. Braintree town centre offers a mix of recognised and independent occupiers all adjoining George Yard shopping centre within the prime retailing area between George Yard, Great Square North and Bank Street. Braintree is located along the A120 linking Bishop's Stortford (Stansted Airport) approx 20 miles to the west and Colchester city centre, 17 miles to the east. Chelmsford is located 13 miles to the south.
No. 1 Bank Street is a unique and attractive Grade II Listed building occupying a well-positioned and prominent location. The building is occupied by Barclays Bank and comprises an extensive main front counter area at ground floor level, together with individual customer meeting areas with back of house operations, stores and staff areas. The first and second floors provide for office and staff areas, together with stores and separate toilet facilities. The basement area offers further storage, safe areas and strong rooms
Occupying a prominent position fronting Bocking End at its junction with Rayne Road and Bank Street on the northern side of the town centre, directly opposite the White Hart Public House & Hotel. Braintree town centre offers a mix of recognised and independent occupiers all adjoining George Yard shopping centre within the prime retailing area between George Yard, Great Square North and Bank Street. Braintree is located along the A120 linking Bishop's Stortford (Stansted Airport) approx 20 miles to the west and Colchester city centre, 17 miles to the east. Chelmsford is located 13 miles to the south.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Bank
Building Size
9,213 SF
Year Built
1950
Price
$1,433,762 CAD
Price Per SF
$156 CAD
Cap Rate
7.04%
NOI
$100,937 CAD
Tenancy
Single
Building Height
2 Stories
Building FAR
1.91
Lot Size
0.11 AC
Frontage
57 ft on Bocking End
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