27 Viaduct Road, Chelmsford, Essex, CM1 1TS

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 is a sought after retail location, and contain a variety of independent retail and catering uses including The Ale House, Hotbox Live Events, and Intense Records. Chelmsford is a City in Essex, located approximately 30 miles to the north-east of London, and 22 miles to the south-west of Colchester.

Description

27 Viaduct Road comprises a recently refurbished arch unit measuring 18.2m x 4.8m, benefitting from new air conditioning unit and LED lighting. The property is open plan with rear access and a glazed shopfront.

Accommodation

Arch 22: 898 sq ft (83.4 sq m) UNDER OFFER
Arch 23: 898 sq ft (83.4 sq m) UNDER OFFER
Arch 27: 898 sq ft (83.4 sq m)

Tenure Comments

The property is available by way of a new 3 or 6 year fully repairing and insuring lease by way of a service charge, at an annual rent of £25,000, exclusive of all other outgoings.
The lease includes an annual rent increase of 3%, and a tenant's 6 month rolling break option.

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 be required to pay £595 + VAT towards the Landlord's costs for the grant of the tenancy.

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.

VAT

VAT is payable on the rent.

EPC

Full details upon request.

Viewing

Strictly via prior appointment with sole agents Elwell Taylor )