Commercial Investment/Residential Development
A substantial Freehold three storey mid terraced commercial property which the ground floor is currently leased to William Hill Bookmakers. The first and second floors currently benefit from planning permission for conversion of upper floors to 2 x residential apartments (plans and relevant documentation can be viewed from the Local Authority Planning Portal Ref: 18/02062/MNR), a previous planning application was also successful for conversion of the upper floors to 4 x apartments which we understand is due to lapse on the 10/02/2020 (plans and relevant documentation can be viewed from the Local Authority Planning Portal Ref: 15/00017/MNR). The rear of the building is accessed by a wide service lane with a new residential scheme being built at the opposite side of the lane. The property is located in a mainly residential area within a parade of national and local retailers, close to local schools and amenities. Located nearby are good transport links to the City Centre and the A48/M4.
See Legal Pack
We understand that the ground floor is currently leased to William Hill Bookmakers until September 2022 at £18,750 per annum.
Friday 31st January 16.30 - 17.00 Friday 7th February 10.00 - 10.30
Energy Efficiency Rating (EPC)
Current Rating TBC
Tees Solicitors, Parkview House, Victoria Road South, Chelmsford, CM1 1NG, Ref: Aldene Derrick, Tel: 01245 293194
Administration Charge - 0.25% inc VAT of the purchase price, subject to a minimum of £840 inc VAT, payable on exchange of contracts.
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.