Investment.

Chelmsford.

67-68 High Street, CM1 1DH

Map View

Status.

Available

Price.

£2,530,000 (Subject to Contract and Exclusive VAT)

Location.

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.

Description.

 The subject property lies in a 100% prime position on the west side of High Street, adjacent to Marks & Spencer. It comprises a double fronted, 3-storey building let in its entirety to The Co-operative Bank comprising ground floor retail, with first and second floor ancillary space.  

The property has 4 parking spaces to the rear and is serviced through the rear service yard, accessed via New London Road. 

Rent.

£175,000.00 per annum exclusive

Tenure.

Freehold

Yield.

A net initial yield of 6.50%.

Share.

All viewings are strictly by prior appointment.

Will Civil.

Surveyor | Investment

Jonny Gooch.

Associate Partner | Investment

Ed Smith.

Partner | Investment

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