65 Duke Street, Chelmsford, Essex, CM1 1LW
Size
3,327
Tenure
Freehold
EPC
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Parking
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- Primary use
- High street retail
- Other use(s)
- Other leisure, Other, Traditional office, Commercial development
- Frontage
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Key features
- PRODUCING AN INCOME OF £68,000 PA
- GROUND FLOOR LET TO SPICERHAART GROUP
- FIRST FLOOR LET TO ESCAPE LIVE CHELMSFORD
- PLANNING CONSENT FOR 7 FLATS
- IMMEDIATELY OPPOSITE CHELMSFORD RAILWAY STATION
Description
65 Duke Street is to be sold as a freehold investment subject to the existing commercial tenancies. The property comprises a 2-storey building, with the ground floor let to Haart estate agents, and the first floor let to an escape room.
The property currently produces an income of £68,000 per annum, and planning permission has been obtained (25/00414/FUL) to convert the first floor and install 2 additional floors to form 7 flats. A CIL payment of £66,229.73 applies.
Location
The property is located in the centre of Chelmsford, immediately opposite the Co-Op and Chelmsford mainline railway station, which provides direct access to London Liverpool Street within 35 minutes.
Chelmsford High Street is only a few minutes walk away, with its vast range of amenities.
Accommodation
Ground Floor: 1,639 sq ft (152 sq m)
First Floor: 1,688 sq ft (157 sq m)
Total: 3,327 sq ft (309 sq m)
Tenure Comments
The ground floor is let to Spicerhaart Property Services Ltd, holding over at a passing rent of £40,000 per annum.
The first floor is let to Escape Live Chelmsford Ltd, on a lease expiring August 2027, outside of the Landlord & Tenant Act 1954, at a rent of £28,000 per annum.
Consideration may be given to selling the ground/first floors separately.
Full lease details available upon request.
Legal Costs
Each party to be responsible for their own legal costs incurred.
Viewing
Strictly by prior appointment with sole agents Elwell Taylor , )
VAT
The property is not elected for VAT.
EPC
Ground Floor: C-55
First Floor: D-83
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- Business rates
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- Use class
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- Listed building
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An Energy Performance certificate helps you understand the current energy efficiency of a property.
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- BREEAM rating
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- Environmental description
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Brochure
65 Duke Street, Chelmsford, Essex, CM1 1LW
About Elwell Taylor Commercial, Chelmsford
The Property Professionals * Award Winning Independent Estate Agent established in 2002 * Commercial Sales & Lettings, Building Surveying & Commercial Property Consultancy * Prominent City Centre Office with Parking * Traditional service regulated by the RICS * Most of our business comes through recommendations and our hard earned reputation * Experienced & enthusiastic staff with good local knowledge.’
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Disclaimer - Property reference 234FH. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Elwell Taylor Commercial, Chelmsford. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.