Millenium Way, Braintree, ESSEX, CM7 3GX, UK

Braintree Trading Estate, Braintree

Asset Description

A highly reversionary multi-let trading estate situated within the prime retail/ trade location in Braintree.
The property is ideally located in close proximity to Braintree Town centre in an established retail/trade area, near large residential conurbations, providing an excellent consumer catchment.
The estate comprises 9 units ranging in size from 2,519 sq ft to 9,818 sq ft, totalling 25,964 sq ft.

...

Building area Gross

25,964 sf

Occupancy

100.00%

Year built

2000

The estate is fully let and generates a headline rent of £255,055 per annum, which equates to a very low average rent of £9.82 psf.
The investment presents the opportunity to increase the income of the estate by over 38% within a short time frame, with 80% of the income being subject to a lease event in the next 2 years.