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Commercial Property for sale

High Street, Chelmsford

Guide Price £4,500,000

Property Description

Key features

  • Prime freehold retail investment
  • Blue chip tenant - Let to Halifax Plc
  • Gross initial yield of 6.75%
  • Passing rent of 304,000 pa
  • FRI Lease from 15 June 2007 - 14 June 2022
  • Nearby occupants Santander, Marks & Spencer's, John Lewis
  • GF ITZA: 146.34 Sq. M (1,575 Sq. Ft)
  • Total: 525.44 Sq. M (5,655 Sq. Ft)

Full description

This modern, double fronted retail premises fronting Chelmsford High Street offers over 5,655 Sq. Ft of accommodation arranged over three storeys. The property benefits from suspended ceilings, cat II lighting, air conditioning and a CCTV security system.

The property is entered at ground floor level via glazed electric double doors into a predominantly open plan retail space and has the benefit of a large cashier’s desk, several cash dispensaries, a waiting area and several partitioned offices. A rear stairwell provides access to the upper floors.

The first floor has private offices/ training rooms along with an open plan modern fitted kitchen/ staff room and male and female wash rooms.

The second floor has not been accessed as this is unused space by the current occupier.

Accommodation - GF ITZA: 146.34 Sq. M (1,575 Sq. Ft)
Ground Floor: 353.96 Sq. M (3,810 Sq. Ft)
First Floor: 171.48 Sq. M (1,845 Sq. Ft)
Total: 525.44 Sq. M (5,655 Sq. Ft)

(Net internal floor area)

Services - We understand the property is connected to mains electricity, water and drainage. We advise all interested parties to make their own enquiries.

Tenure - Freehold, subject to occupational tenancy.

Business Rates - The property has a rateable value of £235,000 per annum. We advise all interested parties to make their own enquiries.

Vat - The property is not elected for VAT.

Buyers Premium - 2.4% (min. £3,000) inc. VAT

Sell Your Property - If you are thinking of selling your property, contact us now for a free appraisal and benefit from:

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•£0 Marketing Costs
•20 Working Day Completion
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