LOCATION
The property is situated in the centre of Duke Street, Chelmsford, which is the primary Estate Agency position in Chelmsford, as well as containing a number of solicitors, financial offices and the Essex County Council offices. It is located between the main line railway station and the High Street.

DESCRIPTION
The property comprises a mid terraced 19th Century building with a slate covered pitched main roof and brick elevations. It has the following accommodation:

Ground Floor:
Front A2 Shop: 240 sq ft
Connecting Area and
Middle Office: 250 sq ft
Rear Office: 120 sq ft
Kitchen: 32 sq ft
Toilet

This area also includes a cellar of
375 sq ft and a yard at the rear, from which there is pedestrian access over a private road at the rear.

First Floor:
With independent access from a shared recessed lobby, 4 offices totalling 650 sq ft.

Second Floor:
3 Offices totalling 580 sq ft plus ladies’ and gents’ toilets.

Both areas have the benefit of central heating.

LEASES
The ground floor, cellar and yard is let to Spicer Haart (trading as Spicer McColl) for a term of 6 years from 24.06.08 at £15,000 per annum. There is a review at 24.06.11 and the tenant has rights to determine the lease on 23rd June each year, subject to giving 6 months’ notice. This lease is outside the Landlord & Tenant Act 1954 Sections 24-28. The tenants are responsible for 40% of the annual expenditure incurred by the landlord and 40% of the insurance premium. A full copy of the lease can be made available for your inspection.

Spicer Haart are one of the largest Estate Agents in the country.

Ground floor access and first and second floors are let to Georgian Recruitment Services Limited for a term of 5 years from 10th June 2004. The rent is £12,000 per annum, but the tenants are currently only occupying one floor and are holding over on the basis of paying £6,000 per annum. The concession can be removed with 3 months’ notice. The tenants are responsible for 60% of the annual expenditure by the landlord and 60% of the insurance premium. A copy of the lease can be made available on request. Georgian Recruitment Services Limited are employment agents based in Norwich.

The total lease rents: £27,000
The total passing rents: £21,000

RATES
The rateable value of the property is £17,500 for the ground floor and £14,500 for the first and second floors. 



Viewing
Please contact our Chelmsford Office on 01245 266088 if you wish to arrange a viewing appointment for this property or require further information.

Disclaimer
Elwell Taylor endeavour to maintain accurate depictions of properties in Virtual Tours, Floor Plans and descriptions, however, these are intended only as a guide and purchasers must satisfy themselves by personal inspection.