Retail Unit For Sale In Chelmsford
Summary
- Freehold Investment
- National Covenant Tenant
- 10 year lease Expiring 2031
- Producing £17,500 pax
- Offers In Excess Of £235,000
Accommodation
The accommodation comprises the following areas:
| Building Type | sq ft | sq m | Availability |
| Retail | 710 | 65.96 | Available |
Location
The property occupies a prominent position on Moulsham Street, a sought-after secondary location close to its junction with Parkway. It enjoys excellent accessibility, with Chelmsford City Centre and the mainline railway station only a few minutes’ walk away, and is well served by local bus connections.
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Mainline Stations
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Chelmsford9 mins
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Ingatestone111 mins
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Hatfield Peverel119 mins
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Billericay142 mins
Underground Station
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Shenfield177 mins
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Brentwood211 mins
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Harold Wood269 mins
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Upminster293 mins
Further Information
Price Offers in excess of £235,000
Rates Payable £8,982 per annum Interested parties are advised to contact Chelmsford City Council 01245 606606
Service Charge To Be Confirmed
Estate Charge n/a
EPC Rating This property has been graded as D (79)
Description
The ground floor retail unit is let to Amplifon Hearing Specialists on a 10-year lease from January 2021, producing an annual rent of £17,500 plus VAT. Tenant break options were agreed at years 5 and 7, although we understand the 5th year break was not exercised, providing additional security of income. Although the current lease was signed in January 2021, this was an extension, and the Amplifon Hearing Specialists have been in occupation since 2006. Amplifon is a global hearing specialist and have over 70 years experience and more than 10 million customers worldwide. In the UK alone the company has over 141 branches and 64 hearing centres across the country. The unit is well fitted, incorporating a reception, two offices, kitchen, WC facilities, and air conditioning. The upper parts comprise three self-contained flats, each sold off on long leaseholds with approximately 118 years unexpired. This mixed-use property therefore provides a secure commercial rental income from a strong covenant, alongside long-leasehold residential interests, all in a vibrant and well-connected location.
Viewings
Strictly by prior appointment via landlords appointed agents Ayers & Cruiks
Price
Offer in excess of £235,000
Gallery
