LOCATION

The property is located in Duke Street, Chelmsford, a popular retail area with a mixture of uses located nearby including a wide range of hot food take-away outlets and shops.

The property is located opposite the Chelmsford Borough Council Offices and the new bus station terminal and is a short walk from Chelmsford mainline railway station and the High Street.

DESCRIPTION

The property consists of an attractive two storey end of terrace property which comprises a ground floor retail unit currently trading with A5 Use (Hot food take-away), and a self contained first floor retail/office premises that has most recently been used as a hairdressing salon and is accessed via a door on the side of the building via the alleyway to the left hand side.


50 Duke Street (Ground Floor)
Retail Area 300 sq ft
Kitchen 117 sq ft
W.C.
50A Duke Street (First Floor)
Landing
W.C.
Retail Area 303 sq ft
Kitchen 61 sq ft

LEASES

The ground floor is currently let on a full repairing and insuring lease expiring February 2029 at a rent of 9,500 per annum, subject to rent reviews in 2014 and every 4 years thereafter.

The first floor is currently vacant and will remain vacant for the purposes of the sale of the overall freehold interest.

TERMS

The freehold investment interest is to be sold subject to the ground floor tenancy for £159,950. The purchase price is exclusive of VAT (if applicable).

BUSINESS RATES

50 Duke Street R. V. £7,600
50A Duke Street R.V. £6,100

LEGAL COSTS

Each party to be responsible for their own legal costs incurred.


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.