87 High Street forms a four storey retail unit with a glazed retail frontage onto the High Street and a secondary glazed frontage at the rear onto Tindal Street. The ground floor provides predominantly open plan accommodation.
The staircase to the upper parts is located to the rear and accessed via the ground floor or from an entrance door from Tindal Street. The upper parts provide offices, storage, WCs and kitchenette facilities.
LOCATION
The City of Chelmsford is located approximately 37 miles northeast of London and benefits from excellent communications via the A12 dual carriageway giving direct access to the M25 (junction 28) within 12 miles. The M11 and Stansted Airport are also easily accessible.
The City's railway station is within a few minutes walk and provides a fast and frequent service to London Liverpool Street with journey times from approximately 29 minutes.
Chelmsford High Street has a very low vacancy rate and the subject property occupies a prime High Street pitch. Opposite is Pret A Manger, Schuh and the entrance to the Bond Street Retail and Leisure scheme containing occupiers such as: John Lewis, Goldsmiths and Hotel Chocolat. Other nearby occupiers include: H. Samuel, Gail's, Slater Menswear, Santander, TSB, Costa and Boots.
TENANCY
The entire property is let to TUI UK Retail Limited on a 5 year term from 4th November 2023 at an annual rent of £72,000 per annum. The lease is on full repairing and insuring terms. A copy of the lease is..