D1, City Park West, Victoria Road South, Chelmsford, Essex, CM1 1LN

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Description

The property comprises a ground floor retail unit within the new City Park West residential development.

The unit has an attractive fully glazed exterior on three sides and is available with a shell and core finish to include 3-phase power.

The space would be suitable for a number of uses including retail, office and leisure and currently has a flexible use including A classes and B1(a).

Allocated parking is available, subject to negotiation.

Location

The property comprises part of the new City Park West scheme developed by Notting Hill Genesis, in the heart of Chelmsford city centre and fronting onto the busy Victoria Road South. Nearby is Chelmsford Library, Chelmsford Market, and a multi-storey car park, and easy access to the many retail and leisure amenities of the city centre.

Chelmsford mainline railway station is less than 5 minutes walk away and provides regular services to London Liverpool Street within 35 minutes.

The newly launched Energie Fitness gym is located next door.

Accommodation

Gross internal area: 2,703 sq ft (251 sq m)

Tenure Comments

The property is available to purchase on the basis of a new 250 year long leasehold interest at a peppercorn rent with an asking price of £720,000.

Or

The property is available on a new effective full repairing and insuring lease for a term to be agreed at a rent of £55,000 per annum.
Rent is exclusive of VAT (if applicable), service charge, business rates and all other outgoings.


Legal Costs

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

Viewing

Strictly via prior appointment with sole agents Elwell Taylor (01245 266088)

VAT

We understand the property is not elected for VAT

Business Rates

RV: £48,250
2020/21 Rate in the £: 49.9
Rates Payable: £24,076.75 Per annum.

Small Business Rates Relief may apply and would result in nil rates payable, please speak to Chelmsford City Council for further information. ( Agency Pilot Software ref: 67 )