135-137, New London Road, Chelmsford, Essex, CM2 0QT

Description

135-137 New London Road comprises 3 floors of office accommodation, with the ground floor being vacant, and the upper floors producing a total income in excess of £45,000. Throughout the space is finished to a high standard, combining character features to the front, with an open-plan, modern extension to the rear. The offices benefit from air conditioning, carpeting throughout, demised kitchenettes as well as excellent natural light.

Location

The property is located on New London Road, in the heart of Chelmsford's business district, within easy walking distance of Chelmsford High Street and mainline railway station, providing direct access to London Liverpool Street within 35 minutes.

Accommodation

Ground Floor: 1,204 sq ft (111.9 sq m)
First Floor: 1,278 sq ft (118.7 sq m) (Based on VOA Figures)
Second Floor: 964 sq ft (89.6 sq m) (Based on VOA Figures)
TOTAL: 3,446 sq ft (320.2 sq m)

Tenure Comments

The Freehold interest in the property is available at a guide price of £1,100,000. The two upper floors of the property are let on the basis of full repairing and insuring leases, by way of a service charge, expiring in September 2028, at a combined passing rent of £45,951 per annum exclusive subject to break clauses in September 2025. Further Lease details are available upon request. Currently the ground floor is available for rent at £25,000pa.

Legal Costs

Each party to be responsible for their own legal costs incurred.

Viewing

Strictly via prior appointment with sole agents Elwell Taylor )

VAT

We understand the property is elected for VAT

EPC

B - 47