£615,000
(£702.86/sq. ft)
Retail premises for sale11-13 Maldon Road, Great Baddow, Chelmsford, Essex CM2
875 sq. ft
Freehold
About this property
Busy local parade
Near to Vineyards shopping area
Close proximity to Chelmsford city centre
Income producing
Short distance to A12
Attractive village location
Number 11 Rating C - 54 Number 11a Rating D - 62 Number 13 Rating C - 63 Number 13a Rating E - 46
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.
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.
Mortgage calculator
Monthly repayment
£3,076 per month
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