Office for sale in Oakland Court, Market Square, South Woodham Ferrers, Chelmsford, Essex CM3

£1,500,000 (£122.09/sq. ft)
Office for sale 12,286 sq. ft*
Interested in this property? Call +44 1268 810639 * or Request Details

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Property features

  • Long Leasehold
  • Fully Let Income Producing Investment
  • Net Initial Yield of 7.58% (Assuming Purchasers Costs Of 6.1%)
  • Town Centre Location
  • Retirement Sale
  • Four Separate Tenants
  • EPCs have been commissioned.

Property description

The property was built by our client in 1991 and was originally occupied by a privately owned cinema with two screens and over 350 seats. After its closure in 2003, the building was converted into retail and office accommodation with a full mezzanine floor added to create a second floor of offices. The property is of traditional brick construction and in keeping with the surrounding properties in the town. Internally and externally, it has been well maintained and self managed by our client. A total of four tenants occupy the building including Bellissima Weddings who have just signed a new 10 year lease with regular rent reviews and no break options. Please see the tenancy schedule for further information on all tenancies. Copies of all leases are available upon request.

Property info

* Sizes listed are approximate. Please contact the agent to confirm actual size.

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For more information about this property, please contact
Kemsley LLP, SS14 on +44 1268 810639 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Kemsley LLP, and do not constitute property particulars. Please contact Kemsley LLP for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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