Commercial property
Under Offer
Freehold Multi Let Office Investment For Sale, 4 County Place, Chelmsford, CM2 0RE

11396 sq ft
Summary
  • Modern office building in prime City centre location
  • 1,058.69 sq m (11,396 sq ft) net internal area with 26 car parking spaces (1:438 sq ft)
  • 64% of the income is let to covenants with a D&B rating of 2A1 or above. Tenants are Aviva Central Services Ltd, MacIntyre Hudson LLP and 3AAA Ltd
  • Passing rent of £213,575 per annum exclusive (£18.74 psf overall) offering significant growth potential
  • Ability to enhance value via lease restructuring or Permitted Development (subject to the necessary consents)
  • Offers are invited in excess of £2,510,000 subject to contract and exclusive of VAT, reflecting a low capital value of £220 psf and an attractive net initial yield of 8.00% assuming standard purchaser’s costs of 6.38%
Uses
B1(a) Business - Offices
Done
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