Chelmsford

75/76 High Street & 1/5 New London Road

Chelmsford - 75/76 High Street & 1/5 New London Road

Sold

Property Details

Price

£4,700,000

Rent

£385,000

Net Initial Yield

8.00%

Tenure

Freehold

Description

• Chelmsford – Essex’s leading retail city and administrative hub.
• 34-minute direct train to London Liverpool Street.
• Affluent, fast-growing catchment population.
• 100% prime High Street position between High Chelmer, Bond Street and Meadows Shopping Centres.
• Waterstones – new lease expiring January 2030, dual frontage to High Street & New London Road.
• Gail’s – new 10-year lease agreed in 2024.
• 88% of income secured on 2024/25 lettings – strong reversionary potential.
• Planning consent to convert vacant office into 4 residential units.
• Net income: £385,000 p.a.
• Freehold.

Location

Contacts for this property

Tom
Tom Heptonstall
07714 255245
Paddy
Patrick Kilvington
07860 625512
Olly Photo
Oliver Smart
07818 402754