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18-24 Market Sq

12,286 SF 100% Leased Retail Building Chelmsford CM3 5XA £750,000 (£61/SF) 19.82% Net Initial Yield

Mixed Use Properties Essex Chelmsford 18-24 Market Sq, Chelmsford, ESS CM3 5XA

Investment Highlights

  • Retail & Office Investment
  • Retirement Sale
  • Town Centre Location
  • Well Maintained Throughout
  • Fully Let Income Producing Investment

Executive Summary

The property was built circa 1991 of steel frame construction offering versatile accommodation and long-term income. The building is held on a long lease from SW Investments Limited (Formerly owned by the local borough) ta a ground rent of £29,750 (last review 2021).

Attachments

Brochure

Property Facts

Sale Type
Investment
Sale Condition
Auction Sale
Property Type
Retail
Tenure
Long Leasehold
Property Subtype
Storefront Retail/Office
Building Size
12,286 SF
Building Class
B
Year Built
1991
Price
£750,000
Price Per SF
£61
Net Initial Yield
19.82%
NOI
£148,665
Percent Leased
100%
Tenancy
Multiple
Number of Floors
3
Building FAR
0.55
Land Acres
0.51 AC

Amenities

  • Accent Lighting
  • Air Conditioning
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+44 1245 967214

  • Listing ID: 28248683

  • Date on Market: 17/04/2023

  • Last Updated:

  • Address: 18-24 Market Sq, Chelmsford CM3 5XA

The Retail Property at 18-24 Market Sq, Chelmsford, CM3 5XA is currently available For Sale. Contact Barney Estates & Auctioneers for more information.

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18-24 Market Sq
+44 1245 967214 x

18-24 Market Sq

Amiee Bryett

+44 1245 967214

+44 1245 967214

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