11 bed block of flats for sale

86-87 Duke Street, Chelmsford CM1

Description


Cathedral View Apartments is a bespoke luxury development overlooking the picturesque Grade 1 Chelmsford City Cathedral. The accommodation comprises a double-fronted bespoke four-storey building, consisting of a ground floor commercial unit and 3 x One bedroom and 3 x Two bed apartments, with an additional 2-bed Penthouse on the fourth floor. The 2-bed apartments benefit from En-Suite facilities.

We estimate that the annual rental income of £180,000 could be achievable, reflecting a Gross Yield of 7.2%.

Accommodation:

Approximate* sizes are as follows (please note the measurements at this stage are entirely approximate and have been taken from plans that have been provided) :

Gf Commercial - 150 sq.m/1614 sq.ft

Unit 1 - 2 Bed 64.1sq.m /690sq.ft

Unit 2 - 1 Bed 55 sq.m/593 sq.ft

Unit 3 - 2 bed 84.5 sq.m/910 sq.ft

Unit 4 - 2 bed 66.5 sq.m/716 sq.ft

Unit 5 - 1 bed 50.7 sq.m/546 sq.ft

Unit 6 - 1 bed 60.1 sq.m/648 sq.ft

Penthouse - 2bed - 75.7 sq.m/815 sq.ft

Total: 606.6 sq.m/6532 sq.ft
Location


The City of Chelmsford is strategically positioned approximately 33 miles northeast of London, boasting exceptional connectivity facilitated by the A12, offering direct access to the M25 at Junction 28, located within a 12-mile radius.

This property is centrally located on Duke Street, in close proximity to the High Street and High Chelmer Shopping Centre. Duke Street enjoys a substantial pedestrian flow, serving as the primary route from the train and bus station to the High Street. The street features one-way vehicular access, and nearby pay-and-display car parks are available.

The train station is conveniently situated within a short walking distance, providing frequent services to London Liverpool Street Station with an approximate travel time of 35 minutes. The surrounding area is characterised by a concentration of financial and professional services, as well as diverse dining and retail establishments.
VAT


We understand that the commercial unit may be elected for VAT, but the residential units have not been. It is advised that any prospective purchasers carry out the necessary enquiries to satisfy themselves.

An Anti-Money Laundering (aml) check is required for both buyers and sellers and is carried out through our legal partner at a fee of £76 per property, payable at the point of instruction. This service also includes access to a legal advice helpline, where qualified solicitors are available to support you with any queries throughout your moving process.

EPC rating: B.