56 Duke Street, Chelmsford, Essex, CM1 1JA
56 Duke Street, Chelmsford
If at the time of the contract completion the commercial lease has not been signed, the vendor will guarantee 12 months of rental income at £32,000 pa (payable monthly). If the tenant or other parties sign a lease in this 12 month period, this rental guarantee will stop.
Tuesday 5th of December 11am – 12pm
Summary: Prominent corner location in the town centre within an established retail parade
Miles: London 37 miles, Colchester 24 miles
Roads: A12, M25 (junction 28), M11 (junction 7)
Rail: Chelmsford Railway Station (35 minutes to Liverpool Street Station)
Air: Stansted Airport
Nearby Occupiers: The Cooperative, Pizza Hut, Grand Central, M&S Food
The property comprises a four storey corner building of modern construction, with four commercial units on the ground floor totalling approximately 1,439 sq ft ( 133.68 sq m) and eight newly refurbished one bedroom flats on the first, second and third floors. The property (known as The Curve), is located on the corner of Duke Street and Bloomfield Road, close to the bus and train stations.
There could be potential for alternative use and interested parties will need to carry out their own due diligence and make further enquiries to Chelmsford City Council (01245 606 606), www.chelmsford.gov.uk. The development will come with a 10 year Buildzone guarantee.
Refer to the legal documentation
Energy Performance Certificate
The vendor is currently in negotiations with a commercial tenant who is looking into taking all four commercial units on a new 15 year lease at £32,000 per annum (negotiations are ongoing). The sale is not subject to this letting and is based on full vacant possession, unless a lease is signed during the course of the marketing.
|Unit 1 Unit 2/3 Unit 4 (Curved frontage) Flat 1 Flat 2 Flat 3 Flat 4 Flat 5 Flat 6 Flat 7 Flat 8||Ground Ground Ground First First First Second Second Second Third Third||Commercial Commercial Commercial Residential Residential Residential Residential Residential Residential Residential Residential||28.72 75.27 29.74 42.92 36.97 48.96 42.92 36.97 48.96 53.97 52.95||309 810 320 462 398 527 462 398 527 581 570|
Lambert Smith Hampton
Edwin Coe LLP
020 7691 4105
* Guide price
An indication of the seller’s current minimum acceptable price at auction. The guide price or range of guide prices is given to assist consumers in deciding whether or not to pursue a purchase. It is usual, but not always the case, that a provisional reserve range is agreed between the seller and the auctioneer at the start of marketing. As the reserve is not fixed at this stage and can be adjusted by the seller at any time up to the day of the auction in the light of interest shown during the marketing period, a guide price is issued. This guide price can be shown in the form of a minimum and maximum price range within which an acceptable sale price (reserve) would fall, or as a single price figure within 10% of which the minimum acceptable price (reserve) would fall. A guide price is different to a reserve price (see separate definition). Both the guide price and the reserve price can be subject to change up to and including the day of the auction.
* Reserve price
The seller’s minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price is not disclosed and remains confidential between the seller and the auctioneer. Both the guide price and the reserve price can be subject to change up to and including the day of the auction.
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