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For Sale: £375,000

Sold

Maldon Road, Hatfield Peverel, Chelmsford, Essex

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  • Area

    area
    0Sq Ft

The property comprises a ground floor retail unit which is currently trading as a dry cleaners. There is a self contained three bed flat to the first floor and a self contained one bed flat to the right hand side. The one bed flat benefits from a courtyard garden and access to part of a storage building. The remainder of the storage building can be accessed via a garage door on Glebefield Road. At the front of the property is a forecourt which provides parking for three vehicles. We understand one parking space is allocated to the shop and each flat

LOCATION
The property is situated on Maldon Road, Hatfield Peverel a short distance from the B1137 which provides convenient access to the A12. Hatfield Peverel is an affluent commuter village located to the east of Chelmsford and benefits from frequent rail services to London Liverpool Street.

ACCOMMODATION
Retail - 792 Sq. Ft. (73.62 Sq. M.)
Three Bed Flat
Lounge - 4.85m x 3.30m
Kitchen - 3.28m x 2.07m
Bedroom 1 - 3.30m x 3.04m
Bedroom 2 - 3.90m x 2.88m
Bedroom 3 - 3.05m x 2.09m
Bathroom - 2.08m x 1.93m
One Bed Flat
Lounge/Kitchen - 4.80m x 2.40m
Bedroom - 2.75m x 2.00m
Bathroom - 2.75m x 1.25m

All interested parties are to satisfy themselves of the correct floor areas.

The rear storage building/s have not been measured.

BUSINESS RATES AND COUNCIL TAX
Retail Unit - Rateable Value £4,950 pa
Three Bed Flat - Council Tax Band A
One Bed Flat - Council Tax Band A

SERVICES
We understand the property is connected to mains water, drainage, gas and electricity. We have not tested any of the services and all interested parties should rely upon their own enquiries with the relevant utility company in connection with the availability and capacity of all of those serving the property including IT and telecommunication links.

EPC
Retail - Rating D (90)
One Bed Flat - Rating C (71)
Three Bed Flat - Rating E (52)

Copies of the Energy Performance Certificates are available upon request.

LEASE TERMS
The ground floor retail unit is subject to a lease to a private individual for a term of 10 years expiring on 24th March 2027. The current passing rent is £9,000 per annum and the rent is to be reviewed on the 25th March 2022. The first floor three bed flat is let to a private individual and is due to expire 9th February 2021. The current passing rent is £825 PCM. We understand the same tenant has been in occupation for a number of years. The ground floor one bed flat is currently vacant. We are of the opinion the estimated rental income is in the region of £600 PCM. A copy of the leases are available upon request.

TITLE
The property is held freehold under title EX785742 and are subject to the existing leases as described above.

TERMS
The freehold is for sale by way of Private Treaty at a guide price of £375,000.

VAT
We understand VAT is not payable on the purchase price.

LEGAL COSTS
Each party to bear their own legal costs.

VIEWING
Strictly by prior appointment with the sole agents:
Fenn Wright
20 Duke Street, Chelmsford, CM1 1HL
01245 261226
fennwright.co.uk
Contact:
James Wright jw@fennwright.co.uk
John Logan jdl@fennwright.co.uk

Features

  • Freehold Mixed Use Investment
  • Currently Generating £18,900 Per Annum
  • Retail Unit with a 10 Year Lease from March 2017
  • Three Bed First Floor Flat Currently Let
  • One Bed Flat Currently Vacant
  • Parking to the Front and Storage Building/Garage to the Rear

Floor plan

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Map

Call

James Wright

01245 261226
Make an enquiry

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