Retail premises for sale

11-13 Maldon Road, Great Baddow, Chelmsford, Essex CM2

Comprising 2x two storey terrace buildings. Number 11 comprises ground floor shop and self-contained one bedroom flat.

Number 13 includes shop premises with internal access to first floor flat and rear garage.

Location

Great Baddow is an attractive suburb of Chelmsford approximately 1 mile to the south of the city centre. The building occupies a prominent position within a busy local retail parade directly opposite the Vineyards shopping area and associated car parking. There are excellent traffic links to the A1114 leading to the A130/A12 junction.

Tenure

Freehold with the benefit of the existing leases.

Leases - Number 11 is held on an overriding lease for both the shop and flat for a period of 6 years expiring June 2031 at a rent of £14,500 pax. There are rent reviews in June 2027 and June 2029.

Number 13 has an overriding lease for a period of 10 years until September 2026 at a current rent of £13,000 per annum exclusive.

VAT

All rents, prices and premiums are exclusive of VAT under the Finance Act 1989.

Rating

The property has the following Rateable Values:
Number 11 £7,000
Number 13 £8,000

Legal Costs

Each party to bear their own legal costs incurred in this transaction.

EPC

Number 11 Rating C - 54
Number 11a Rating D - 62
Number 13 Rating C - 63
Number 13a Rating E - 46

Tenure Comments

Freehold with the benefit of the existing leases.

Leases - Number 11 is held on an overriding lease for both the shop and flat for a period of 6 years expiring June 2031 at a rent of £14,500 pax. There are rent reviews in June 2027 and June 2029.

Number 13 has an overriding lease for a period of 10 years until September 2026 at a current rent of £13,000 per annum exclusive.