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Under OfferFor sale: POA

FOR SALE - THREE INTERCONNECTED RETAIL UNITS WITH GROUND RENTS IN CHELMSFORD CITY CENTRE

Retail, Offices , 1409 Sq Ft
Property type: Retail, Offices
Tenure: Under Offer, For Sale Freehold
Size: 1409 Sq Ft
Price: POA
Location: 56 Duke Street, Chelmsford, CM1 1JA
The property is located on the corner of Duke Street and Broomfield Road, a popular retail area with a mixture of uses located nearby including a wide range of shops.

The property is located opposite the Chelmsford Borough Council Offices and the bus station terminal and is a short walk from Chelmsford mainline railway station and the High Street.

Available for sale are three interconnected ground floor retail units with vacant possession. These could be let/occupied as a whole or as individual units.

The units have a glazed shopfront, concrete floors, and plastered walls. Unit 1 has a kitchenette and WC. Unit 2 benefits from a disabled WC and suspended ceiling with inset lighting. Unit 3 has a suspended ceiling with inset lighting and an area where a WC can be fitted.

The shops front onto a busy junction to which the right unit has a dual frontage.

Accommodation:

Unit 1 - 315 sq ft (29.3 sq m)
Unit 2 - 796 sq ft (74.0 sq m)
Unit 3 - 298 sq ft (27.7 sq m)
Total - 1409 sq ft (130 Sq m)

Ground Rents:

This freehold includes the ground rents of the 8 flats above the shops which each break down as follows:

£200 p/a for the first 25 years, then increasing to £500 and doubling every 25 years.

Terms:

The freehold interest is available, offers in excess of £350,000 will be considered.

Business rates:

The property is not currently assessed for business rates

Legal Costs:

Each party to be responsible for their own legal costs.
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