High Street, Chelmsford, Essex, CM1
£426.07 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
5,938 sq ft
552 sq m
- SECTOR
High street retail property for sale
- USE CLASSUse class orders: Class E
E
Key features
- The city of Chelmsford is Essex's premier retailing destination and serves as the principal shopping area and administrative centre for Essex
- Chelmsford benefits from excellent transport links with a direct journey time to London Liverpool Street of 34 minutes
- Affluent population which is projected to see significantly above average growth over the periods between 2023-2028.
- Fully let to The Co-operative Bank PLC, on a lease expiring September 2033
- The property provides 5,938 sq ft of accommodation over ground, first and second floors
- Further redevelopment opportunities subject to planning and lease negotiations.
- Unexpired term of 8.5 years (no breaks)
- Current income of £175,000 per annum with upwards only open market rent review in September 2028
- Freehold
Description
The property has separate access to first and second floor office space via an access to the right of the frontage demised to Co-Op Bank.
Chelmsford is the premier retailing destination within the county of Essex with a city centre retail floorspace of 1.33m sq ft. The prime shopping area is compact and largely pedestrianised, with High Street the main focus. The city's three shopping centres, Bond Street, High Chelmer and The Meadows, are situated to the east, north west and south east of High Street respectively.
Occupiers along the prime section of High Street include H&M, Marks & Spencer, The Range, Metro Bank, Holland & Barrett, Waterstones, Santander, and Fraser Hart.
The leisure provision within the town is strong with Wagamama, Giggling Squid, Bills, Mowgli, Boom Battle Bar and Everyman Cinema all located in Bond Street. There are further operators located around the town including High Chelmer, Brewery Yard and High Bridge Place.
Brochures
High Street, Chelmsford, Essex, CM1
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Chelmsford Station0.4 miles
- Ingatestone Station6.0 miles
- Hatfield Peverel Station6.0 miles
Notes
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