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FREEHOLD INVESTMENT FOR SALE

For sale: £220,000.00|1361 Sq Ft|Retail, Office, Offices

PROPERTY DETAILS

FOR SALE£220,000.00
SIZE1361 Sq Ft
ADDRESSIndependent People Homecare, 26 High Street, Great Baddow, Chelmsford, Essex, CM2 7HQ
TYPERetail, Office, Offices
TENUREUnder Offer, For Sale Freehold
POSTED ON1st August 2019

DESCRIPTION

For sale is the freehold investment, comprising of a ground floor retail / office premises, 2 self-contained flats above, rear parking and a garage.

Shop No. 26 is currently let to Independent People Homecare Limited on the basis of an effective FRI lease expiring April 2021, at a rent of £15,000 per annum exclusive.

Each of the 2 flats will be subject to a long leasehold interest expiring 2167, producing a ground rent income of £150 per annum per flat, subject to an increase of £25 every 25 years.

Therefore total investment income is currently £15,300 per annum.

LOCATION

Location: Independent People Homecare, 26 High Street, Great Baddow, Chelmsford, Essex, CM2 7HQ

Chelmsford (1.9 miles)

Hatfield Peverel (5.9 miles)

Ingatestone (6.1 miles)

AGENT'S DETAILS

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