Weโve just launched 75-76 High Street & 1-5 New London Road, Chelmsford - a freehold retail investment opportunity at the heart of Essexโs leading retail city, with clear scope for value growth.
๐๐ป๐๐ฒ๐๐๐บ๐ฒ๐ป๐ ๐ต๐ถ๐ด๐ต๐น๐ถ๐ด๐ต๐๐:-
-100% prime location - positioned between High Chelmer, Bond Street and Meadows Shopping Centres - with dual frontage onto the High Street and New London Road.
-New lease to Waterstones expiring January 2030, with dual frontage to High Street & New London Road.
-New 10 year lease to Gailโs agreed in 2024.
-88% of income is secured on 2024/25 lettings.
-Planning consent to convert vacant offices above into 4 residential units.
-Net income of ยฃ385,000 per annum.
-Freehold.
This is a strong, income-backed investment in Chelmsfordโs retail core, combining stability, prime location, and asset management upside.
Seeking offers in excess of ยฃ4.7m, reflecting an 8% NIY, get in touch with Tom Heptonstall, Patrick Kilvington or Oliver Smart for more information.
Chelmsford High Street And New London Road Brochure