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AGENT'S DETAILS


Danbury - Long Leasehold Retail Investment

For sale: £150,000.00|388 Sq Ft|Retail, General Retail, Hotel, Residential

PROPERTY DETAILS

FOR SALE£150,000.00
SIZE388 Sq Ft
ADDRESS14 Maldon Road, Chelmsford, Danbury, Essex CM3 4QQ
TYPERetail, General Retail, Hotel, Residential
TENUREFor Sale Freehold
POSTED ON19th January 2021

DESCRIPTION

Investment Consideration:
Gross Initial Yield: 6.80%
Rental Income: £10,200 p.a.
Held on a 199 year lease from January 1994
Comprises a ground floor retail unit t/a beauty salon
Total area size of 36 sq m (388 sq ft)
VAT is not applicable to this property
Located within easy reach to the local amenities.
Nearby occupiers include Bupa Dental Care, amongst number of local traders including Pub, Hotel, Bakery and others.

Property Description:
The property comprises a ground floor retail shop, currently trading as a beauty salon and nail bar. It forms part of a terraced unit in a two-storey building known as 12-14 Maldon Road with the rest of this building occupied as residential and shop units, which is not included in the sale.

The property provides the following accommodation and dimensions:
Ground Floor: Shop 36 sq m (388 sq ft)

Tenancy:
The property is at present let to an Individual for a term of 5 years from 12th July 2019 at a current rent of £10,200 per annum and the lease contains full repairing and insuring covenants. Break clause in April 2020 NOT exercised.

Location:
Danbury is a village in the City of Chelmsford, in the county of Essex, England. It is located 33.5 miles northeast of Charing Cross, London and has a population of 6,500. The property is within easy car travelling distance of Chelmsford centre and station. Located within easy reach to the local amenities.
Nearby occupiers include Bupa Dental Care, amongst number of local traders including Pub, Hotel, Bakery and others.

LOCATION

Location: 14 Maldon Road, Chelmsford, Danbury, Essex CM3 4QQ

Hatfield Peverel (0.3 miles)

Witham (2.8 miles)

White Notley (4.3 miles)

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