Property photos
Auction
Guide price
£950,000
(£950,000.00/sq. ft)
Retail premises for sale
Market Square, Chelmsford CM312,286 sq. ft
Local area information
Property location
Nearby amenities
- St Joseph's Catholic Primary School, SWF 0 miles
- Trinity St Mary's CofE Voluntary Aided Primary School, South Woodham Ferrers 0 miles
- South Woodham Ferrers 0.7 miles
- North Fambridge 2.7 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
- Fully let, long -term Investment Income
- Majority let to 1 tenant
- Asset management opportunities
Barney Estates and Auctioneers are delighted to bring to the market this purpose built 3 storey modern development in the heart of South Woodham Ferrers commercial town centre. Built circa 1991 of steel frame construction, this attractive site offers versatile accommodation and long-term income. The main tenant is a subsidiary of Mitsui & Co (europe) Ltd with a reported profit after tax of £8,538,000 in their March 2023 accounts. Overall accommodation amounts to 12,286 sq ft and produces a gross income of £148,665 plus vat.
The building is held on a long lease from sw Investments Limited (Formerly owned by the local borough) at a ground rent of £29,750 (Last review 2021)
Net income £118,915
Yield based on auction guide of £750,000 (excl. Purchase costs) 15.8%
Contact auctioneer for tenancy schedule and further details.
The building is held on a long lease from sw Investments Limited (Formerly owned by the local borough) at a ground rent of £29,750 (Last review 2021)
Net income £118,915
Yield based on auction guide of £750,000 (excl. Purchase costs) 15.8%
Contact auctioneer for tenancy schedule and further details.
More information
Listed by
Barney Estates and Auctioneers
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