109 Rainsford Rd 11,610 SF Retail Building Chelmsford CM1 2PF £2,600,000 (£223.94/SF)
INVESTMENT HIGHLIGHTS
- The property benefits from a prominent frontage on the southern side of Rainsford Road,
- The surrounding area is predominantly residential in nature and the A12 (J17) is approx. 4 miles to the south-east
- Short distance from Chelmsford City Centre which has a population of circa 112,000.
- Chelmsford mainline station is approx. 1 mile away.
EXECUTIVE SUMMARY
A detached car showroom with workshop, forecourt sales and extensive rear yard. The existing operator is due to vacate the property in July 2023 and, as well as a continuation of the established motor trade activities, the site may be suitable for alternative uses/redevelopment (STP).
Accommodation
The built accommodation has been measured on a Gross Internal (GIA) basis and the following approx. floor areas have been calculated:
Showroom 4,575 sq ft (425 sq ms)
Workshop 3,283 sq ft (305 sq ms)
Sales Forecourt 3,842 sq ft (357 sq ms)
Rear Yard 8,611 sq ft (800 sq ms)
Canopy 1,722sq ft (160 sq ms)
The property is available for freehold purchase, with the benefit of full vacant possession.
Instructed to seek unconditional offers in the region of £3,200,000 (Three Million, Two Hundred Thousand pounds) for the freehold interest
Accommodation
The built accommodation has been measured on a Gross Internal (GIA) basis and the following approx. floor areas have been calculated:
Showroom 4,575 sq ft (425 sq ms)
Workshop 3,283 sq ft (305 sq ms)
Sales Forecourt 3,842 sq ft (357 sq ms)
Rear Yard 8,611 sq ft (800 sq ms)
Canopy 1,722sq ft (160 sq ms)
The property is available for freehold purchase, with the benefit of full vacant possession.
Instructed to seek unconditional offers in the region of £3,200,000 (Three Million, Two Hundred Thousand pounds) for the freehold interest
PROPERTY FACTS
Sale Type
Owner User
Property Type
Retail
Tenure
Freehold
Property Subtype
Auto Dealership
Building Size
11,610 SF
Building Class
C
Year Built
1981
Price
£2,600,000
Price Per SF
£223.94
Tenancy
Single
Number of Floors
2
Building FAR
0.48
Lot Size
0.55 AC
Parking
39 Spaces (4.07 Spaces per 1,000 SF Leased)
Frontage
51 ft on Rainsford Road
AMENITIES
- Storage Space
NEARBY MAJOR RETAILERS
