| Property Type | Investment |
| Tenure | For Sale |
| Size | 3,327 sq ft |
| Price | Offers from £975,000 |
| Business Rates | Interested parties are advised to confirm the rating liability with the relevant local authority |
| Energy Performance Rating | This property has been graded as C (55) |
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.
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 |
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
