£650,000
(£400.74/sq. ft)
Retail premises for saleRailway Street, Chelmsford CM1
1,622 sq. ft
Added on
Countrywide Commercial
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About this property
Mixed-use freehold investment
Three fully let commercial units
Freehold interest in 14 residential flats
Total income of £50,000 per annum
Commercial income of £48,000 per annum from September 2026
Residential ground rents of £2,000 per annum
Commercial leases granted for 10-year terms from 2022
Prominent central Chelmsford location
Guide price £650,000 + VAT
The property comprises three ground-floor commercial units, all let on full repairing and insuring leases, together with the freehold interest in 14 residential flats above. The flats have each been sold on 125-year leases from 2021, producing combined ground rent income of £2,000 per annum.
The commercial accommodation is currently occupied by Zero Gravity Pilates, Wilsons Barber Shop and Q Tea. The commercial rents total £48,000 per annum from September 2026, providing an overall income of £50,000 per annum including the residential ground rents.
The property occupies a highly accessible city-centre position within a short walk of Chelmsford railway station, which provides frequent services to London Liverpool Street. The surrounding area includes a strong mix of offices, shops, cafés and leisure operators, together with Essex County Council offices, Chelmsford Cathedral and Shire Hall.
Offers are sought in the region of £650,000 + VAT, reflecting an indicative net initial yield of approximately 7.4%, allowing for standard purchaser’s costs.
The sale is intended to qualify as a Transfer of a Going Concern, subject to hmrc requirements. Purchasers should obtain independent tax advice.
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