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Property details
Map & nearby

Retail premises for sale in Railway Street, Chelmsford

Investment

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Retail premises for sale

1,600 sq. ft*

Property features

Price reduced
Mixed use investment
3 retail shops and 14 ground rents
Fully rented
£47,000 A year income
Offers sought £550,000 (8.25% niy)

Property description

Location:
Railway Street is situated a few hundred yards from both Chelmsford British Rail Station and the Bus Station. Chelmsford city Centre is approx. 5 minutes’ walk.

Description:
A full let newly built mixed-use property with 3 retail units all let on Fri leases and 14 flats sold off on 125-year leases from 2021 providing yearly ground rents.

Income (tenancy Schedule on page 3.

3 x Retail Units - £45,000 pax
14 x Ground Rents - £2,000 pa
Total Income - £47,000 pax

Method of sale

The property is for sale by private treaty.

Tenure

The site is being sold freehold with existing tenancies.

Price

Offers are sought in the region of £550,000 + VAT (can be bought by way of a togc)

Property info

Brochure

Transport Schools Healthcare Food stores Restaurants/bars Sports/health clubs Parks/recreation

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

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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 Countrywide Commercial, and do not constitute property particulars. Please contact Countrywide Commercial 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.