Retail & Residential Investment, The Signal Yard, Railway Street, Chelmsford, CM1 1QS
1,622 Sq Ft / Retail / Investment
For Sale
- £550,000.00
Available - Last updated: 19 April 2024
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.
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.
Accommodation
Unit 1 -742 sq ft
Unit 2 - 385 sq ft
Unit 3 - 495 sq ft
TOTAL - 1,622 sq ft
14 Flats over 1st, 2nd and 3rd Floors
Terms
TENURE
The site is being sold freehold with existing tenancies.
PRICE
Offers are sought in the region of £550,000 + VAT (8.25% NIY) N.b Can be bought by way of a TOGC
METHOD OF SALE
The property is for sale by private treaty.
INCOME (Tenancy Schedule can be viewed within the attached brochure).
3 x Retail Units - £45,000 pax
14 x Ground Rents - £2,000 pa
Total Income - £47,000 pax
Property Quote Price(s)
| Description | Sale type | Guide price | Price type |
| Offers in the region of |
For Sale Freehold
|
£550,000.00
| NA |
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