Property photos
Offers in region of
£550,000
(£343.75/sq. ft)
Retail premises for sale
Railway Street, Chelmsford CM11,600 sq. ft
Local area information
Property location
Nearby amenities
- Chelmsford 0.1 miles
- King Edward VI Grammar School, Chelmsford 0.2 miles
- Maltese Road Primary School 0.3 miles
- Ingatestone 6 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guide for Chelmsford to find out more about the local area.
Features and description
- 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)
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)
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)
More information
Listed by
Countrywide Commercial
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