Moulsham Street, Chelmsford, Essex, CM2

Property Details: • Type: Ask agent • Tenure: N/A • Floor Area: N/A

Key Features: • 7 retail shops all let • flats on upper floors sold off on long leases • car parking spaces • ground rents from flats at rear • no VAT applicable to the sale • located in popular secondary position • walking distance of Railway Station • walking distance of Chelmsford City Centre • ideal for self-managed portfolio

Location: • Nearest Station: Chelmsford Station • Distance to Station: 0.5 miles

Agent Information: • Address: 204 New London Road, Chelmsford, CM2 9AB

Full Description: Location: The property is in a prime position in the historic part of the City of Chelmsford located on the eastern side of Moulsham Street close to its junction with Grove Road, opposite the Black Horse Pub, walking distance of the City Centre and railway station (35mins to London).

Description: The property is known as Godfrey's Mews after the historic company called Godfreys, who in the 1800's was located on the site and were rope and tent makers.

The premises, of concrete frame with brick cavity walls construction under a slate roof, which was built circa 1990 as part of a larger development of shops, offices and flats which are located at the rear. The retail tenants each have a rear door and have a pedestrian right of access from the rear car parking area adjacent to the site. Car parking spaces are available for the tenants use under separate licenses. There are 19 ground rents from the residential properties at the rear.

The upper floors over the retail premises, once office accommodation, have recently undergone conversion to apartments, all sold, with access from number 63 which forms part of the service charge on a peppercorn rent. EPC information is available on request.

There is currently a net income of £106,000 per annum from the 7 retail units, a combined approximate area of 2,761ft2 (256.5m2), 12 parking spaces and ground rents from the 19 of the flats in Godfreys Mews. Increasing to £108,550 in July 2024. Outgoings are recovered by way of a separate service charge. Full tenant, lease and service charge details are available on request.

Tenure and Sale Price: Available freehold, subject to contract at £1.5m, the property is exempt from VAT.

Legal Costs: Each party to be responsible for their own legal costs

Viewing: Stricty by prior appointment with Robert Dewar Associates