Freehold, two-storey investment / development opportunity.
Summary
- Investment / development opportunity
- Currently producing £68,000 per annum
- Planning consent for 7 flats
- Offers from £975,000
Accommodation
The accommodation comprises the following areas:
| Floor/Unit | Building Type | sq ft | sq m |
| Ground | Retail | 1,639 | 152.27 |
| 1st | Retail | 1,688 | 156.82 |
| Total | 3,327 | 309.09 |
Location
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.
Get directions from Google Maps
Mainline Stations
-
Chelmsford1 min
-
Ingatestone115 mins
-
Hatfield Peverel118 mins
-
Billericay149 mins
Underground Station
-
Shenfield181 mins
-
Brentwood215 mins
-
Harold Wood272 mins
-
Upminster297 mins
Further Information
Price Offers from £975,000
Rates Payable Interested parties are advised to confirm the rating liability with the relevant local authority
EPC Rating This property has been graded as C (55)
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.
Viewings
Strictly by prior appointment via the landlords appointed agents Ayers & Cruiks.
Terms
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.
Price
Offers from £975,000
Downloads
Gallery
