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Agent's details

22a, Duke Street, Chelmsford, Essex, CM1 1HS

For sale: £395,000.00|1,722 Sq Ft|Land, Commercial Land

Property details

FOR SALE£395,000.00
SIZE1,722 Sq Ft
ADDRESS22a, Duke Street, Chelmsford, Essex, CM1 1HS
TYPELand, Commercial Land
TENUREDevelopment Opportunity, Investment Opportunity, For Sale Freehold
POSTED ON21st February 2024

Description

Description

The property comprises a development opportunity just off Dukes St. The current planning permission is for four one-bed, and one two-bed flat to be completed to a high specification. The CIL has been paid, and the demolition which formed part of the development has been completed, so there is no expiration date to the planning permission.

Whilst the current permission is for 5 flats, our view that that an alteration to the planning for either 3 town houses, or one large HMO would increase the potential GDV. All potential purchasers are recommended to undertake their own research.

Location

The property is situated behind Duke Street, adjacent to Cathedral Walk, a popular location for estate agents and professional services within Chelmsford City Centre. The property is close to Chelmsford High Street, with its range of retail and leisure facilities, and within a two minute walk of Chelmsford mainline railway station, offering direct trains to London Liverpool Street within 35 minutes.

Accommodation

Site GEA: 1,750 sq ft approx (160 sqm)

Tenure Comments

This development site is available on a freehold basis with a guide price of £449,000.

Legal Costs

Each party to be responsible for their own legal costs incurred.

Viewing

Strictly by appointment with sole agents Elwell Taylor.

Planning

The property benefits from a fully approved planning scheme which can be found under application number 15/01231/FUL.

The CIL has been paid, and the works have commenced meaning the permission is not at risk of expiry. ( Agency Pilot Software ref: 66 )

Location

marker
Location: 22a, Duke Street, Chelmsford, Essex, CM1 1HS

Chelmsford (0.1 miles)

Hatfield Peverel (6.0 miles)

Ingatestone (6.1 miles)

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