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The Law Building, Burgess Springs, Victoria Road South, Chelmsford, Essex, CM1

For sale: £3,500,000.00|20,156 Sq Ft|Office, Offices

Property details

FOR SALE£3,500,000.00
SIZE20,156 Sq Ft
ADDRESSThe Law Building, Burgess Springs, Victoria Road South, Chelmsford, Essex, CM1
TYPEOffice, Offices
TENUREFor Sale Freehold
POSTED ON10th June 2024

Description

The Law Building forms part of the mixed use City Park West development which occupies a prominent position opposite Chelmsford Station. The Law Building has been substantially rebuilt behind a retained Art Deco fa�ade to provide high quality office accommodation over three floors with a passenger lift.
Externally the property benefits from secure car parking in the scheme's underground car park.

Within the scheme there is a newly opened Brewhouse and Kitchen, Bupa Health Centre, �nergie Fitness gym and a Londis convenience store. Park Central which incorporates Chelmsford Bus Station is a very short distance away and occupiers include Tesco's, Greggs and Subway.

Location
Chelmsford is the principal commercial and administrative centre in Essex located approximately 30 miles north-east of London. It has a large and well-established business community comprising companies within the banking, finance, and business service sectors as well as Government departments. Major occupiers within the City include AON, Arthur J Gallagher, MS Amlin, Grant Thornton, QBE, and RSA.

Chelmsford High Street is a short distance away and interlinks with the popular Bond Street retail and leisure scheme which hosts John Lewis, The North Face, Bills and Wagamama to name but a few.

Chelmsford train station is approximately 250 yards from the property and provides a frequent mainline rail service to London Liverpool Street with journey times from approximately 32 minutes.

The City benefits from excellent communication links with the A12 providing dual carriageway access to Central London, the M25 motorway (junction 28) 14 miles to the south-west and Colchester 24 miles to the north-east. The A414 to the south of the city centre provides access to the M11 motorway (junction 7)
approximately 17 miles to the west. The A130 provides access to Braintree and the A120 to the north-east.

Stansted International Airport is easily accessible being 18 miles to the north-west, via the A120.

Accommodation (NIA)
Ground Floor 6,430 sq. ft.
First Floor 6,863 sq. ft.
Second Floor 6,863 sq. ft.
Approx. Total Net Internal Area 20,156 sq. ft.

EPC
B - 42

Rates
The property is entered into the 2023 VOA Rating List as follows:
Ground Floor Rateable Value £142,000
1st and 2nd Floor Rateable Value £262,500

Service Charge
The Law Building is to contribute towards the scheme's service charge. Further information is available upon request.

Tenure
The Law Building is available for sale on a new 999 year Long Leasehold interest at a peppercorn ground rent.

Price
£3,500,000 plus VAT.

VAT
The property is elected to VAT.

Costs
Each party to bear their own legal and surveyors costs incurred in this transaction.

( Agency Pilot Software ref: 14870118 )

Location

marker
Location: The Law Building, Burgess Springs, Victoria Road South, Chelmsford, Essex, CM1

Chelmsford (0.1 miles)

Ingatestone (6.1 miles)

Hatfield Peverel (6.1 miles)

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