The property comprising 5 shops (inc a triple unit), 5 flats and a rear car park.
Total accommodation of 4,339 sq. ft.
The property benefits from 8 car parking spaces.
Location Description
Chelmsford is an attractive cathedral city located in the heart of Essex. It is 30 miles north east of central London, 21 miles south of Colchester and 16 miles east of Harlow. The city is also some 13 miles south east of Stansted Airport.
The total population within Chelmsford’s catchment is approximately 167,000, with a district shopping population of 232,700. Chelmsford is the dominant retail location within its catchment area and captures a large volume of the available spend within the area. Furthermore, the catchment population is affluent, with a significantly above average proportion of working adults classed within the most affluent AB social group.
The city benefits from excellent communications infrastructure. The city is located some 12 miles south east of the M25, just 15 minutes from junction 28. The A12 also provides access to the north east to towns such as Witham, Colchester and Ipswich. Other nearby roads include the A130 which provides access to Braintree and Basildon and the A414 which run west to Harlow.
Chelmsford railway station is one of the busiest commuter stations in the country, with approximately 15,000 passengers travelling through Chelmsford every day. The railway station provides access to central London, Braintree and Ipswich with journey times of 35 minutes, 28 minutes and 40 minutes, respectively.
The property is situated on the north side of Rainsford Road, close to its junction with Broomfield Road, within 0.5 miles of Chelmsford town centre.
Occupiers close by include Chelmsford Civic Centre, The County Hotel, Strutt & Parker, Pizza Hut, Tesco Express, a Co op supermarket and a wide range of local businesses
Tenancy Schedule & Additional Notes
Total current rent reserved is £83,500 p.a plus 8 vacant car parking spaces. For further details please see the brochure.
There may be potential to create further residential accommodation by adding a further floor and/or extending into the rear car park, subject to the existing leases and obtaining all the necessary consents. All enquiries should be made with the local authority. Website: www.chelmsford.gov.uk.
The Vendor has prepared plans, which are in the legal pack, for extending the five existing flats at first floor into the second floor, to create 5 two bedroomed maisonettes. The proposed plans also show 2 three bedroomed dwellings in the rear car park area of the site, either as flats or townhouses, whilst retaining the ground floor commercial space and car parking.