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65 Duke Street, Chelmsford, CM1 1LW

From
£975,000

£293.06 per sq ft

Business rates & charges may apply

Ayers & Cruiks, Chelmsford
SIZE AVAILABLE

3,327 sq ft

309 sq m

SECTOR

Commercial property for sale

Key features

  • Investment / development opportunity
  • Currently producing £68,000 per annum
  • Planning consent for 7 flats
  • Offers from £975,000

Description

Unique investment/ development opportunity to obtain a two-storey building currently let to Haart Estate Agents and Escape Live. The property currently produces £68,000 per annum rent with planning permission granted (25/00414/FUL) to convert the first floor and install two additional floors to create 7 luxury flats with private balconies (6 x 1-bed flats and a 2-bed apartment). A CIL payment of £66,229.73 applies.

This property is prominently located on Duke Street, next to Chelmsford City Train Station which provides regular services to London Liverpool Street. Chelmsford City Centre is a short walk away providing High Street Shops and leisure amenities.

Strictly by prior appointment via the landlords appointed agents Ayers & Cruiks.

The ground floor is let to Spicerhaart Property Services Ltd at £40,000 per annum on a 10 year lease term commencing on 25th March 2013.
The first floor is let to Escape Live Chelmsford Ltd at £28,000 per annum on a 2 year lease outside of the Landlord & Tenant Act expiring on 10th August 2027.

Offers from £975,000

Brochures

65 Duke Street, Chelmsford, CM1 1LW

Approximate location
Open mapStreet View

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Chelmsford Station0.0 miles
  • Ingatestone Station6.0 miles

About Ayers & Cruiks, Chelmsford

Burgundy Court 64/66 Springfield Road, Chelmsford, CM2 6JY

Established in 1997 Ayers & Cruiks have grown to become the areas largest firm of Residential and Commercial Property Managers, Chartered Surveyors and Commercial Estate Agents. We manage a large portfolio of residential flats, houses and commercial units situated throughout the South East of Essex priding ourselves on client service and professional advice.

Notes

These notes are private, only you can see them.

Disclaimer - Property reference 384169-1. 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 Ayers & Cruiks, 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.

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