138 New London Road, Chelmsford, Essex, CM2 0AW
£255.81 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
1,935 sq ft
180 sq m
- SECTOR
Commercial property for sale
Key features
- 1,935 SQ FT (180 SQ M)
- PRODUCING RENTAL INCOME OF £34,800 PER ANNUM
- LET ON FRI LEASE EXPIRING 2034
- LET TO STRONG COVENANT
- PROMINANT POSITION IN NEW LONDON ROAD
Description
138 New London Road is an attractive, 3-storey character property available for sale freehold, subject to the existing lease expiring May 2034.
The property is currently used as a dental surgery, and is arranged over 3 floors, providing a mix of treatment rooms, offices, staff facilities and storage.
The property has potential to be further extended, subject to planning permission.
There is parking to the front, and a rear courtyard.
Location
The property is prominantly located in New London Road, on the corner of Lower Anchor Street, close to the junction with Parkway.
New London Road is a popular business location, within walking distance of Chelmsford city centre, train and bus stations.
Accommodation
Net Internal Area:
Ground Floor: 856 sq ft (80 sq m)
First Floor: 786 sq ft (73 sq m)
Second Floor: 293 sq ft (27 sq m)
TOTAL: 1,935 SQ FT (180 SQ M)
Tenure Comments
The freehold interest is being sold, subject to the existing lease.
The property is let on the basis of a full repairing and insuring lease, expiring May 2034, at a passing rent of £34,800 per annum exclusive.
The property is let to Orthoworld 2000 Limited, and guaranteed by Integrated Dental Holdings Limited.
The lease contains a rent review in May 2029. The lease also provides for tenant break options in December 2027 and December 2030, upon 6 months prior notice, and the tenant paying 6 months rent and 3 months rent penalty respectively.
Further lease details upon request.
Legal Costs
Each party to be responsible for their own legal costs incurred.
Viewing
Strictly by prior appointment with sole agents Elwell Taylor ).
VAT
The property is not elected for VAT.
EPC
TBC
Brochures
138 New London Road, Chelmsford, Essex, CM2 0AW
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Chelmsford Station0.6 miles
- Ingatestone Station5.5 miles
About Elwell Taylor Commercial, Chelmsford
65 New London Road, Chelmsford, CM2 0ND
The Property Professionals * Award Winning Independent Estate Agent established in 2002 * Residential Sales & Lettings * Prominent Town Centre Office with Parking * Traditional service regulated by the RICS * Most of our business comes through recommendations and our hard earned reputation * Experienced & enthusiastic staff with good local knowledge * We act in our client’s best interests at all times *
Notes
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