Acting on behalf of a private investor, Fawcett Mead are extremely pleased to have completed the sale of this prime retail and residential investment.
The property occupies a highly prominent position on the pedestrianised High Street, adjacent from High Chelmer Shopping Centre and Bond Street Shopping Centre.
The retail element is fully let to Clydesdale Bank PLC and Signet Trading Limited on new leases from 2022. The upper parts comprise ten residential apartments let on AST’s.
It was a pleasure to work with James Cogavin and Henry Mason who acted for the purchaser, Chelmsford City Council.
Graham Fawcett commented “This 100% prime asset in a strong centre attracted considerable interest, the added benefit of high quality residential apartments on the upper floors enabled a great result for both vendor and purchaser”
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