From
£975,000
(£293.06/sq. ft)
Property for sale65 Duke Street, Chelmsford CM1
3,327 sq. ft
EPC Rating: D
Just added
Freehold
About this property
Investment / development opportunity
Currently producing £68,000 per annum
Planning consent for 7 flats
Offers from £975,000
Description
Unique investment/ development opportunity to obtain a two-storey building currently let to Haart Estate Agents and Escape Live. The property currently produces £68,000 per annum rent with planning permission granted (25/00414/ful) to convert the first floor and install two additional floors to create 7 luxury flats with private balconies (6 x 1-bed flats and a 2-bed apartment). A cil payment of £66,229.73 applies.
Location
This property is prominently located on Duke Street, next to Chelmsford City Train Station which provides regular services to London Liverpool Street. Chelmsford City Centre is a short walk away providing High Street Shops and leisure amenities.
Viewings
Strictly by prior appointment via the landlords appointed agents Ayers & Cruiks.
Terms
The ground floor is let to Spicerhaart Property Services Ltd at £40,000 per annum on a 10 year lease term commencing on 25th March 2013.
The first floor is let to Escape Live Chelmsford Ltd at £28,000 per annum on a 2 year lease outside of the Landlord & Tenant Act expiring on 10th August 2027.
Price
Offers from £975,000
Unique investment/ development opportunity to obtain a two-storey building currently let to Haart Estate Agents and Escape Live. The property currently produces £68,000 per annum rent with planning permission granted (25/00414/ful) to convert the first floor and install two additional floors to create 7 luxury flats with private balconies (6 x 1-bed flats and a 2-bed apartment). A cil payment of £66,229.73 applies.
Location
This property is prominently located on Duke Street, next to Chelmsford City Train Station which provides regular services to London Liverpool Street. Chelmsford City Centre is a short walk away providing High Street Shops and leisure amenities.
Viewings
Strictly by prior appointment via the landlords appointed agents Ayers & Cruiks.
Terms
The ground floor is let to Spicerhaart Property Services Ltd at £40,000 per annum on a 10 year lease term commencing on 25th March 2013.
The first floor is let to Escape Live Chelmsford Ltd at £28,000 per annum on a 2 year lease outside of the Landlord & Tenant Act expiring on 10th August 2027.
Price
Offers from £975,000
Mortgage calculator
Monthly repayment
£4,877 per month
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