57 Viaduct Road, Chelmsford, Essex, CM1 1TS

Description

The property comprises of a single commercial unit with a mezzanine floor.

The property is newly refurbished, with a ground floor WC, glazed shopfront and electric security shutters.

A rent deposit of 3-6 months rent will be required.

Location

Viaduct Road is located immediately adjacent to Chelmsford mainline railway station, linking Duke Street and Parkway. Chelmsford city centre is a few minutes walk away.

The Arches in Viaduct Road contain a variety of independent retail and catering uses.

Accommodation

Ground Floor: 371 sq ft (34 sq m)
Mezzanine: 359 sq ft (33 sq m)
TOTAL: 730 SQ FT (67 SQ M)

Tenure Comments

The property is available by way of a new 6 year fully repairing and insuring lease by way of a service charge, at an annual rent of £15,500, exclusive of VAT and all other outgoings.
Please note that all Leases at The Arches are granted outside the protection of the Landlord and Tenant 1954 Act, and in addition to this, Network Rail as the superior landlord reserves the right to terminate the Lease if there are operational reasons to do so. (Our understanding is that Network Rail have never exercised this option at The Arches).

Legal Costs

The Tenant will pay towards the Landlord's costs for the grant of the tenancy. A Simple Tenancy will be £395 plus VAT or Enhanced Tenancy (any changes to the standard agreement) £795 plus VAT for documentation and administration. Costs associated with longer leases terms and variations of the simple tenancy will be subject to negotiation.
There is a further charge of £350 plus VAT for licence to alter (if required). This contribution will be payable whether or not the transaction completes.