Unit 4, Capital Square, Victoria Road Chelmsford Essex CM1 1GP

Unit 4, Capital Square, Victoria Road
Chelmsford
Essex
CM1 1GP

Modern Retail Investment

  • New 10 year lease let to LPT Sports Limited t/a Runnersworld (subject to option)
  • Modern Retail Unit fronting Victoria Road
  • Close proximity to Chelmsford High Street, Mainline Railway Station, Bus Station and Anglia Ruskin University
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    51
  • Auction
    25th May 2017
  • Rent
    £19,000 per Annum Exclusive
  • Status
    Sold
  • Price
    £205,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On Behalf of a Major Asset Manager
Important Update
  • Expand
  • Photos
  • Map

* More information on the term "guide" can be found here

Modern Retail Investment

  • New 10 year lease let to LPT Sports Limited t/a Runnersworld (subject to option)
  • Modern Retail Unit fronting Victoria Road
  • Close proximity to Chelmsford High Street, Mainline Railway Station, Bus Station and Anglia Ruskin University
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot 51
  • Auction 25th May 2017
  • Rent
  • Status Sold
  • Price £205,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On Behalf of a Major Asset Manager

Property Information

Location
Miles
37 miles north-east of London, 24 miles south-west of Colchester
Roads
A12, M25 (Junction 28), M11 (Junction 7)
Rail
Chelmsford Rail (35 minutes to Liverpool Street)
Air
Stansted Airport
Situation

The property is situated on the northern side of the Victoria Road A1099 ring road, close to its junction with New Street which links Anglia Ruskin University to the north and the town centre to the south. Both the High Street and Chelmsford Railway Station (35 minutes to Liverpool Street) are within a short walk of the property. Nearby occupiers include Bathstore, Chelmsford Police Station and Royal Mail.

Tenure

Long Leasehold. Held from Freehold Portfolio GR Limited from 01/01/2004 until 31/12/2158 at a fixed rent of £242 per annum.

Location
Miles
37 miles north-east of London, 24 miles south-west of Colchester
Roads
A12, M25 (Junction 28), M11 (Junction 7)
Rail
Chelmsford Rail (35 minutes to Liverpool Street)
Air
Stansted Airport
Situation

The property is situated on the northern side of the Victoria Road A1099 ring road, close to its junction with New Street which links Anglia Ruskin University to the north and the town centre to the south. Both the High Street and Chelmsford Railway Station (35 minutes to Liverpool Street) are within a short walk of the property. Nearby occupiers include Bathstore, Chelmsford Police Station and Royal Mail.

Tenure

Long Leasehold. Held from Freehold Portfolio GR Limited from 01/01/2004 until 31/12/2158 at a fixed rent of £242 per annum.

Description

The property comprises a modern ground floor retail unit which forms part of a larger building.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises a modern ground floor retail unit which forms part of a larger building.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor Use Floor Areas
(approx)

Tenant Term Rent p.a.x Review
Ground
Retail
75.72 sq m
(815 sq ft)
LPT SPORTS LIMITED
t/a Runnersworld (1)
10 years from 04/04/2017 until
03/04/2027 (2)
£19,000
04/04/2022
   
75.72 sq m
(815 sq ft)
    £19,000
 

(1) Runnersworld offers a range of running shoes and operates from six branches throughout the UK (Source: www.runnersworld.co.uk 12/03/2016)
(2) The lease provides an option to determine on 04/04/2022.

Property Documents

  • Catalogue Page
    Updated Date
    29.10.19
    File Size
    478 KB
    View PDF
  • Site Plan
    Updated Date
    29.10.19
    File Size
    284 KB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Seller's Solicitors
Fladgate LLP 16 Great Queen Street
London
WC2B 5DG
Rebecca Tavares 020 3036 7221rtavares@fladgate.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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