Virtual Freehold Retail Investment
Virtual Freehold Retail Investment
The property is situated in a prominent location within Braintree town centre on the northern side of Great Square, close to its junction with High Street and Bank Street and entrances to both George Yard and Phoenix Shopping Centres. Other nearby occupiers include Halifax, Boots Opticians, Coral Betting, Sainsbury’s, HSBC and Lloyds Pharmacy.
Virtual Freehold. Held from Eversquare Properties Limited for a term of 999 years from 10th May 2002 until 9th May 3001 at a peppercorn rent.
The property is situated in a prominent location within Braintree town centre on the northern side of Great Square, close to its junction with High Street and Bank Street and entrances to both George Yard and Phoenix Shopping Centres. Other nearby occupiers include Halifax, Boots Opticians, Coral Betting, Sainsbury’s, HSBC and Lloyds Pharmacy.
Virtual Freehold. Held from Eversquare Properties Limited for a term of 999 years from 10th May 2002 until 9th May 3001 at a peppercorn rent.
The property comprises a ground floor retail unit with first floor ancillary accommodation.
VAT is not applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
The property comprises a ground floor retail unit with first floor ancillary accommodation.
VAT is not applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
| Floor | Use | Floor Areas (Approx) | Tenant | Term | Rent p.a.x | Reversion | |
|---|---|---|---|---|---|---|---|
| Ground First |
Retail Ancillary |
78.50 sq m 67.73 sq m |
(845 sq ft) (729 sq ft) |
BARNARDO’S (1) | 10 years from 03/05/2006 on a full repairing and insuring lease | £28,000 | 02/05/2016 |
| Totals | 146.23 sq m |
(1,574 sq ft) |
£28,000 | ||||
(1) Barnardo’s is the UK’s leading children’s charity helping more than 200,000 children, young people and their families every year. Barnardo’s has over 500 charity shops across the UK. (Source: www.barnardos.org.uk 06/11/2013)
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