Navigation Road, Chelmsford, Essex CM2
£81.37 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
30,723 sq ft
2,854 sq m
- SECTOR
Residential development for sale
Key features
- 12,830sq.ft. of mixed-use warehouse and commercial space situated on a site of 0.37 acres
- Planning permission for 48 private residential apartments (25 x 1 bed and 23 x 2 bed units) totalling 30,723sq.ft. and 1,292sq.ft. of commercial space
- Located within Chelmsford City Centre, Essex
- Offers invited in the region of £2,500,000 for the freehold interest
Description
The existing property comprises part single and part 2-storey commercial buildings previously used as retail and warehouse units.
The existing buildings extend to approximately 12,830ft2 and are situated on a site of 0.37 acres benefiting from a car park to the front of the existing buildings.
Vehicular access to the property is currently taken directly from Wharf Road with frontages also onto Navigation Road.
PLANNING & DEVELOPMENT:
Planning permission was granted on 10th October 2023 (ref:23/01915/FUL) for the demolition of the existing retail units and the construction of a five storey mixed-use building comprising of 48 x residential apartments (25 x 1 Bed and 23 x 2 Bed) and 2 x Class E retail / commercial units on the ground floor totalling 32,014sq.ft.
ALL OF THE PROPOSED UNITS WILL BE FOR PRIVATE SALE WITH A CIL LIABILITY OF CIRCA £519,598.35 AND S106 CONTRIBUTIONS OF £184,958.08 ALSO APPLICABLE.
A Phase 1 and Phase 2 soil investigation has been carried out be the seller and is available upon request.
Brochures
Navigation Road, Chelmsford, Essex CM2
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Chelmsford Station0.5 miles
- Hatfield Peverel Station5.8 miles
- Ingatestone Station6.2 miles
Notes
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