Property description

Duffield Stunt Estate Agents are delighted to offer to the market this rare opportunity to purchase a Freehold COMMERCIAL UNIT located just moments away from the thriving City Centre of Chelmsford. The building comprises of a ground floor retail unit followed by three one bedroom appartments with more than enough parking to the rear. As a whole this unit currently generates an income of £20,905 per annum with a return of 6.97%.





Retail Unit:
Ground Floor Retail 65.80 sq.m. (708 sq.ft.)
Shop frontage 4.67m (15ft.)

TENANCY SCHEDULE The ground floor retail until is let for a 15 year term from 29th September 2005. The current passing rent is £19,000 per annum.

Flat One:
Sold previously this year on a new 125 year lease. The current leaseholder pays a ground rent of £75 per annum and a maintenance charge of £560 per annum.

Flat Two:
Sold previously this year on a new 125 year lease. The current leaseholder pays a ground rent of £75 per annum and a maintenance charge of £560 per annum.

Parking:
There is parking located to the rear of the building for all residents of the appartments as well as the retail unit.

Notice
Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.

Property Features :

• FREEHOLD
• Commercial Unit
• Income of £20,905 per annum
• Return of 6.97%
• Situated 0.5 Miles away From Chelmsford Rail Station
• Parking to the Rear