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
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG
On Behalf of a Major Asset Manager

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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

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

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.