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£2,500,000 (Subject to Contract and Exclusive VAT)
Chelmsford was granted city status in 2012 and is the commercial and administrative centre for Essex as well as the region's premier retailing destination.
Chelmsford is highly attractive an affluent city located 40 miles (64km) east of Central London and 21 Miles (34km) south west of Colchester. the city is recognised for its vibrant shopping environment, affluent catchment and significant levels of retail expenditure.
Chelmsford city centre offers a range of parking options, including High Chelmer Car Park (1,012 spaces), Q-Park Meadows (454 spaces) and Bond Street Car Park (286 spaces).
Chelmsford has excellent road communications benefitting from direct access to the M25, via the A12, and therefore the UK's national motorway network. The A130/131 also provides a direct route to Braintree to the north and Southend-on-Sea to the south.
The subject property occupies a 100% prime position on Chelmsford's central High Street. Nearby retailers include The Range, McDonalds, Waterstones, M&S and Gails. The property comprises a modern, well configured, two storey building, let in its entirety to Fraser Hart. The ground floor provides retail space, with some ancillary back up, while the first floor serves as ancillary accommodation. The unit backs onto a service yard to the rear of the property, accessed from Bond Street. In practice the unit is serviced from High Street.
£200,000.00 per annum exclusive
Freehold
A net initial yield of 7.52%.
Surveyor | Investment
Associate Partner | Investment
Partner | Investment
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