31 High Street, Halstead, Essex, CO9 2AG

Lot Image

Auction sale - Monday 11th December 2017

Result:

Sold for £410,000

Upon the instructions of

A major UK Bank
  • Freehold former banking hall with ancillary offices
  • Town centre location
  • About 3,316 sq ft (307.99 sq m) with large garden
  • Suit investor, developers and occupiers
  • Vacant possession (plus £3,000 per annum from ATM)

Addendum

31 High Street, Halstead
Please note that the plan in the catalogue is incorrect - please refer to the legal pack.

Viewings

Tuesday 28 November and Tuesday 5 December both at 2:15pm.

Details

Location

Summary: This attractive property occupies a prominent corner position on the High Street and is located near all amenities.
Miles: Braintree 6 miles, Colchester 14 miles
Roads: A131, A1124
Rail: Braintree
Nearby Occupiers: Sainsbury's, Domino's Pizza, Costa Coffee

Description

A prominent, end of terrace property of traditional construction arranged over basement, ground and first floors of about 3.316 sq ft (307.99 sq m). There is also a rear garden. The property would suit a change of use, including residential conversion in part, subject to obtaining all necessary consents. There is an ATM to the front of the building.

Tenure

Freehold

Planning

Braintree District Council (01376 557779) www.braintree.gov.uk

VAT

Refer to the legal documentation

Energy Performance Certificate

See website

Address Tenant Floor Use Sq M Sq F Lease Terms Rent £ pa Rent Review
TOTAL 307.99 3,316 £3,000
31 High Street Basement Ground First Store Former banking hall/offices Ancillary offices 19.04 195.35 93.60 205 2103 1,008 VACANT
ATM NatWest Bank Cash machine 5 years from completion (1) £3,000
The measurements have been provided by the vendor.
(1) There is a tenant's break clause at the end of the third year, subject to 6 months notice.

Joint auctioneers

GVA

Contact

Seller's solicitor

DLA Piper

Alice Rusling

0113 369 2844

alice.rusling@dlapiper.com

* Guide price

An indication of the seller’s current minimum acceptable price at auction. The guide price or range of guide prices is given to assist consumers in deciding whether or not to pursue a purchase. It is usual, but not always the case, that a provisional reserve range is agreed between the seller and the auctioneer at the start of marketing. As the reserve is not fixed at this stage and can be adjusted by the seller at any time up to the day of the auction in the light of interest shown during the marketing period, a guide price is issued. This guide price can be shown in the form of a minimum and maximum price range within which an acceptable sale price (reserve) would fall, or as a single price figure within 10% of which the minimum acceptable price (reserve) would fall. A guide price is different to a reserve price (see separate definition). Both the guide price and the reserve price can be subject to change up to and including the day of the auction.

* Reserve price

The seller’s minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price is not disclosed and remains confidential between the seller and the auctioneer. Both the guide price and the reserve price can be subject to change up to and including the day of the auction.

Contact us now

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Email: auctions@lsh.co.uk

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