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AGENT'S DETAILS


35-37, Moulsham Street, Chelmsford

For sale: £1,750,000.00|8372 Sq Ft|Office, Office, Land, Offices, Commercial Land

PROPERTY DETAILS

FOR SALE£1,750,000.00
SIZE8372 Sq Ft
ADDRESS35-37, Moulsham Street, Chelmsford
TYPEOffice, Office, Land, Offices, Commercial Land
TENUREInvestment Opportunity, For Sale Freehold
POSTED ON4th November 2020

DESCRIPTION

We understand that the property was constructed in the 1980s to comprise a 3 storey building with two ground floor retail units and office accommodation on the first and second floors accessed via a dedicated entrance from Moulsham Street.

Both floors of office accommodation have been split to provides two suites a floor. It is predominantly open plan accommodation and benefits from good levels of light. The specification of the offices does, however, generally provide: suspended ceiling with recessed LED and category II lighting, air conditioning, dado perimeter trunking, kitchen facilities and communal male and female W.C.'s.

Location
The City of Chelmsford is located approximately 33 miles to the northeast of London. Chelmsford benefits from excellent communications with the A12 giving direct access to the M25 at Junction 28 (within 12 miles). The M11 and Stansted Airport are also easily accessible.

The building is situated in the centre of Moulsham Street on the corner of Hall Lane, a short distance from the City centre and Chelmsford Train Station which provides an approximate journey time from 35 minutes to London Liverpool Street. Moulsham Street is a vibrant part of Chelmsford with a variety of independent retailers, bars, pubs, restaurants and cafes making it an attractive location for the younger generation.

Services
We understand the property is connected to mains water, drainage, gas and electricity. We have not tested any of the services and all interested parties should rely upon their own enquiries with the relevant utility company in connection with the availability and capacity of all of those serving the property including IT and telecommunication links.

Accommodation
We have measured the premises in accordance with the RICS Code of Measuring Practice and calculate the floor areas to be as follows:

Retail Units (Net Internal Area)
Retail Unit 1: 1,299 Sq. Ft. (121 Sq. M.)
Retail Unit 2: 1,005 Sq. Ft.(93 Sq. M.)
Total Retail: 2,304 Sq. Ft. (214 Sq. M.)

Offices (Gross Internal Area)
Ground Floor: 183 Sq. Ft.(17 Sq. M.)
Ground/1st Landing 215 Sq. Ft.(20 Sq. M.)
1st Floor 2,873 Sq. Ft. (267 Sq. M.)
1st/2nd Landing 215 Sq. Ft. (20 Sq. M.)
2nd Floor 2,582 Sq. Ft. (240 Sq. M.)
Total Offices: 6,068 Sq. Ft. (564 Sq. M.)

Total Area: 8,372 Sq. Ft. (778 Sq. M.)

Local Authority
Chelmsford City Council
T: 01245 606826

Planning
The property has planning consent for 2 retail units with offices above. We are of the view that the property would be suitable for residential conversion (S.T.P.P.).

A planning application for prior approval for a change of use of the offices to C3 Residential has been submitted and proposes 1 x one bedroom and 6 x two bedroom flats. Application ref: 20/01592/CUPAO

Interested parties are to rely on their own investigations as to the suitability of the property and to contact the Local Authority for further information.

Tenancies
The scheme has two ground floor self contained retail units which are both let. One Tenant also remains in the office part of the building occupying the second floor front suite. Please refer to the Tenancy Schedule in the brochure for further information.

Title
Freehold - EX499449

Information Pack
An information pack is available upon request.

Service Charge
There is a service charge running towards the upkeep of the common areas.

VAT
We understand that the property is elected to VAT.

Terms
The property is for sale subject to the existing Leases and offers are invited in the region of £1.75 million.

Legal Costs
Each party to bear their own legal costs.


( Agency Pilot Software Ref: 14869412 )

LOCATION

Location: 35-37, Moulsham Street, Chelmsford

Chelmsford (0.5 miles)

Ingatestone (5.8 miles)

Hatfield Peverel (6.2 miles)

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