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Property details
Map & nearby

Retail premises for sale in Market Square, Chelmsford

Investment

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Retail premises for sale

12,286 sq. ft*

Property features

Fully let, long -term Investment Income
Majority let to 1 tenant
Asset management opportunities

Property description

Barney Estates and Auctioneers are delighted to bring to the market this purpose built 3 storey modern development in the heart of South Woodham Ferrers commercial town centre. Built circa 1991 of steel frame construction, this attractive site offers versatile accommodation and long-term income. The main tenant is a subsidiary of Mitsui & Co (europe) Ltd with a reported profit after tax of £8,538,000 in their March 2023 accounts. Overall accommodation amounts to 12,286 sq ft and produces a gross income of £148,665 plus vat.

The building is held on a long lease from sw Investments Limited (Formerly owned by the local borough) at a ground rent of £29,750 (Last review 2021)

Net income £118,915

Yield based on auction guide of £750,000 (excl. Purchase costs) 15.8%

Contact auctioneer for tenancy schedule and further details.

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 Barney Estates and Auctioneers, and do not constitute property particulars. Please contact Barney Estates and Auctioneers 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.