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1-3 Lockside Marina
409 SF Retail Unit Offered at £145,000 in Chelmsford CM2 6HF
INVESTMENT HIGHLIGHTS
- Canalside location
- Public parking
- Residential area
EXECUTIVE SUMMARY
Lockside Marina is a residential complex situated adjacent to the Chelmer & Blackwater Canal, which offers an attractive waterside setting and offers easy access to Chelmsford city centre.
PROPERTY FACTS
| Price | £145,000 | Building Class | B |
| Unit Size | 409 SF | Number of Floors | 4 |
| No. Units | 1 | Typical Floor Size | 339 SF |
| Total Building Size | 1,356 SF | Year Built | 1998 |
| Property Type | Office (Unit) | Lot Size | 0.06 AC |
| Sale Type | Investment |
| Price | £145,000 |
| Unit Size | 409 SF |
| No. Units | 1 |
| Total Building Size | 1,356 SF |
| Property Type | Office (Unit) |
| Sale Type | Investment |
| Building Class | B |
| Number of Floors | 4 |
| Typical Floor Size | 339 SF |
| Year Built | 1998 |
| Lot Size | 0.06 AC |
1 UNIT AVAILABLE
Unit Unit
| Unit Size | 409 SF | Sale Type | Investment |
| Price | £145,000 | Tenure | Long Leasehold |
| Price Per SF | £354.52 | Net Initial Yield | 4.86% |
| Unit Use | Retail | NOI | £7,050 |
| Unit Size | 409 SF |
| Price | £145,000 |
| Price Per SF | £354.52 |
| Unit Use | Retail |
| Sale Type | Investment |
| Tenure | Long Leasehold |
| Net Initial Yield | 4.86% |
| NOI | £7,050 |
DESCRIPTION
The property is a ground floor commercial unit providing quality open plan accommodation incorporating a small kitchenette and w.c./disabled facilities. The space is carpeted throughout, benefitting from excellent natural light, electric storage heaters, and inset spot lighting. There is one reserved parking space.
SALE NOTES
The property is available by way of a long leasehold interest at a guide price of £145,000. The head lease was granted on 22nd December 2005 for a term of 125 years, with a current ground rent of £200 per annum, exclusive of all other outgoings. The property is currently let on a 3 year lease outside of theLandlord & Tenant Act 1954, expiring 19th May 2025, at an annual rent of £7,050 per annum, exclusive of all other outgoings. The existing occupational tenant (PWR Management Limited) has expressed an interest in taking a new lease upon expiry of the existing term.
Interior Photo
AMENITIES
- Security System
Presented by
1-3 Lockside Marina
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