Request a Valuation
For Sale: £450,000
Rivermead House, Bishop Hall Lane, Chelmsford, Essex, CM1
-
Area
1624Sq Ft
The property forms a two storey office building providing open plan office accommodation over ground and first floors. The office accommodation benefits from suspended ceilings with recessed air conditioning and LED lighting, and perimeter trunking. The ground floor is currently let and the Tenant has installed a kitchenette and server room which we understand are subject to reinstatement. There are male and female WCs facilities on alternating floors, and on the first floor landing is a kitchenette.
Externally there are 4 car parking spaces, which we understand can be increased to 6 by double parking.
Location
Rivermead House is situated in a prominent position adjacent to Anglia Ruskin University.
The Property is located 0.5 miles from Chelmsford City Centre and 0.6 miles from Chelmsford railway station which provides a frequent service to London Liverpool Street with journey times from approx. 33 minutes. The A12 Boreham Interchange is approx. 3 miles to the northeast and provides access to Colchester and Ipswich to the north, and London to the south.
Accommodation
We have measured the property in accordance with the RICS Code of Measuring Practice (6th Edition) to provide the following net internal areas:
Ground Floor Office*: 804 sq. ft. (74.71 sq. m.)
First Floor Office: 804 sq. ft. (74.71 sq. m.)
First Floor Kitchenette: 16 sq. ft. (1.47 sq. m.)
Total: 1,624 sq. ft. (150.89 sq. m.)
*Excludes Tenant's Alterations.
Tenancy
The Ground Floor is let to Fusion Technology Solutions Limited for a term of 5 years from 1st October 2018 and ending on 1st October 2023 with a Tenant only Option to Break on 3rd Anniversary. The Lease is held on effective full repairing and insuring terms by way of a service charge and contracted outside of the 1954 Landlord and Tenant Act. The annual rent is £16,000 per annum exclusive and the Tenant is demised 2 car parking spaces. We understand that the Landlord holds a rent deposit to the value of 3 months' rent.
Business Rates
The property is entered into the Valuation Office Agency rating list as follows:
Ground Floor
Rateable Value: £10,750
Approx. Rates Payable (2022/23): £5,364.25
2023 Rateable Value: £13,250 Approx.
Rates Payable 2023/24): £6,611.75
First Floor
Rateable Value: £10,750
Approx. Rates Payable (2022/23): £5,364.25
2023 Rateable Value: £13,500
Approx. Rates Payable 2023/24): £6,736.50
Should the floors be occupied separately we understand that the occupiers may be eligible for small business rates relief subject to individual circumstances. Applicants are advised to contact the local authority for further information.
EPC
B - 36.
Planning
We understand that the property has longstanding class E office use.
Local Authority
Chelmsford City Council
T. 01245 606606
Services
We understand the property is connected to mains water, drainage 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.
Title
Freehold under title number EX409029.
Terms
Offers are invited in excess of £450,000 for the freehold interest of Rivermead House.
VAT
We understand that the property is not elected to VAT.
Legal Costs
Each party to bear their own legal costs incurred in this transaction.
Viewing
Strictly by prior appointment with the sole agents:
Fenn Wright
20 Duke Street, Chelmsford CM1 1HL
Features
- Two Storey Detached Office
- Air Conditioning
- Car Parking
- Open Plan Configuration
- Ground Floor Let at £16,000 PAX Until October 2023
- Male and Female WCs
- Short Distance from Chelmsford City Centre
Map
Make an enquiry
This form is provided for your convenience. If you would prefer to talk with someone about your property search, we’d be pleased to hear from you. Contact us.
Rivermead House, Bishop Hall Lane, Chelmsford, Essex, CM1
The property forms a two storey office building providing open plan office accommodation over ground and first floors. The office accommodation benefits from suspended ceilings with recessed air conditioning and LED lighting, and perimeter trunking. The ground floor is currently let and the Tenant has installed a kitchenette and server room which we understand are subject to reinstatement. There are male and female WCs facilities on alternating floors, and on the first floor landing is a kitchenette.
Externally there are 4 car parking spaces, which we understand can be increased to 6 by double parking.
Location
Rivermead House is situated in a prominent position adjacent to Anglia Ruskin University.
The Property is located 0.5 miles from Chelmsford City Centre and 0.6 miles from Chelmsford railway station which provides a frequent service to London Liverpool Street with journey times from approx. 33 minutes. The A12 Boreham Interchange is approx. 3 miles to the northeast and provides access to Colchester and Ipswich to the north, and London to the south.
Accommodation
We have measured the property in accordance with the RICS Code of Measuring Practice (6th Edition) to provide the following net internal areas:
Ground Floor Office*: 804 sq. ft. (74.71 sq. m.)
First Floor Office: 804 sq. ft. (74.71 sq. m.)
First Floor Kitchenette: 16 sq. ft. (1.47 sq. m.)
Total: 1,624 sq. ft. (150.89 sq. m.)
*Excludes Tenant's Alterations.
Tenancy
The Ground Floor is let to Fusion Technology Solutions Limited for a term of 5 years from 1st October 2018 and ending on 1st October 2023 with a Tenant only Option to Break on 3rd Anniversary. The Lease is held on effective full repairing and insuring terms by way of a service charge and contracted outside of the 1954 Landlord and Tenant Act. The annual rent is £16,000 per annum exclusive and the Tenant is demised 2 car parking spaces. We understand that the Landlord holds a rent deposit to the value of 3 months' rent.
Business Rates
The property is entered into the Valuation Office Agency rating list as follows:
Ground Floor
Rateable Value: £10,750
Approx. Rates Payable (2022/23): £5,364.25
2023 Rateable Value: £13,250 Approx.
Rates Payable 2023/24): £6,611.75
First Floor
Rateable Value: £10,750
Approx. Rates Payable (2022/23): £5,364.25
2023 Rateable Value: £13,500
Approx. Rates Payable 2023/24): £6,736.50
Should the floors be occupied separately we understand that the occupiers may be eligible for small business rates relief subject to individual circumstances. Applicants are advised to contact the local authority for further information.
EPC
B - 36.
Planning
We understand that the property has longstanding class E office use.
Local Authority
Chelmsford City Council
T. 01245 606606
Services
We understand the property is connected to mains water, drainage 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.
Title
Freehold under title number EX409029.
Terms
Offers are invited in excess of £450,000 for the freehold interest of Rivermead House.
VAT
We understand that the property is not elected to VAT.
Legal Costs
Each party to bear their own legal costs incurred in this transaction.
Viewing
Strictly by prior appointment with the sole agents:
Fenn Wright
20 Duke Street, Chelmsford CM1 1HL