8 Baddow Road, Chelmsford, Essex, CM2 0DG

Description

The property comprises an attractive, character 3 storey commercial unit on Baddow Road currently let as a Tapas restaurant on a 10 year Lease from December 2024. Across the first five years of the term, the average rent is £73,800, with a year five rent at £75,000, before a rent review. Further lease details are available upon request. At ground floor level there is plentiful seating, accessible WC's and kitchen areas, as well as access to courtyard seating. At upper floor levels are customer WC's, and ancillary storage accommodation.

Location

The property is located prominently on Baddow Road, close to the Moulsham Street/High Street junction, very close to Chelmsford City Centre. It is located amongst plentiful other retail/food and beverage operators including Amalfi Bistro, Moto Pizza, Pinchos, and the Seven Elephants.

Accommodation

Ground Floor: 2,786 sq ft (258.83 sq m)
1st Floor: 576 sq ft (53.51 sq m)
2nd Floor: 285 sq ft (26.48 sq m)
Total: 3,647 sq ft (338.82 sq m)
Plus Courtyard

Tenure Comments

The freehold interest in the property, subject to the existing Lease, is available at a guide price of £925,000, reflecting a yield of 8%.

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

EPC details available upon request