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£500,000

Retail premises for sale

Property photos

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Auction

Guide price

£500,000

(£750,000.00/sq. ft)

Retail premises for sale

Market Square, Chelmsford CM3

12,286 sq. ft

Local area information

Property location

Nearby amenities

  • St Joseph's Catholic Primary School, SWF 0 miles
  • Trinity St Mary's CofE Voluntary Aided Primary School, South Woodham Ferrers 0 miles
  • South Woodham Ferrers 0.7 miles
  • North Fambridge 2.7 miles

These distances are calculated in a straight line. The actual route and distance may vary.

Features and description

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

More information

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Listed by

Barney Estates and Auctioneers

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Property descriptions and related information displayed on this page are marketing materials provided by - Barney Estates and Auctioneers. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Barney Estates and Auctioneers for full details and further information.

  1. Zoopla
  2. Commercial for sale
  3. Essex
  4. Chelmsford
  5. South Woodham Ferrers
  6. Market Square

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