1 BANK STREET, Braintree, Essex, CM7

Property Details: • Type: 9,213 sq ft • Tenure: N/A • Floor Area: N/A

Key Features: • 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.

Location: • Nearest Station: Braintree Station • Distance to Station: 0.4 miles

Agent Information: • Address: 113 New London Road Chelmsford Essex CM2 0QT

Full Description: 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.LocationOccupying 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. VATAll rents, prices and premiums are exclusive of VAT under the Finance Act 1989.TENANCIESThe 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.RatingThe 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 CostsEach party to bear their own legal costs incurred in this transaction.EPCThe building has a rating of C - 70.