Last Updated: 31st Oct 2024
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. The building is located within Braintree Town Conservation Area.
Location
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.
VAT
All rents, prices and premiums are exclusive of VAT under the Finance Act 1989.
TENANCIES
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.
Our clients have entered negotiations with the tenant for renewal terms. Further details upon application.
Rating
The building has a Rateable Value of £57,500.
Interested parties are advised to make their own enquiries of Braintree District Council for verification of rates payable.
Legal Costs
Each party to bear their own legal costs incurred in this transaction.
EPC
The building has a rating of C - 70.
Prominent town centre position
Let to Barclays Bank UK PLC
Attractive town centre location
Short distance to George Yard shopping centre
The building has a rating of C - 70.
