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Chancellor Hall High Chelmer, Chelmsford, CM1 1XB

This Property is Currently 'Under Offer'
Chancellor Hall, High Chelmer, Chelmsford - Picture 2023-12-01-16-14-02
Use Class

Use Class

E

Size

Size

11,676 sq ft

Rent pa

Rent pa

£125,000

Prime leisure opportunity

High Chelmer provides the largest covered shopping centre in Chelmsford with over 80 shops open 7 days a week. The scheme provides the dominant mass market fashion offer within the with retailers including Next, Primark, JD Sports and River Island. Flannels are due to open in Summer 2023 on the entrance to the scheme.

Recent lettings have been completed to Ann Summers, Hays Travel, Cards Direct and Boots Hearing World. Flannels are due to open in Summer 2023.

The premises are a former Evoke Nightclub and sit adjacent to the Exchange Way F&B offering where occupiers include Cote, Turtle Bay and Banana Tree. Premises licence in possession of landlord. Further details available upon request. Please refer to the attached copy of the street traders plan for further details.

Accommodation

11,676 Sq.Ft

The premises are arranged over ground, first and second floors providing the following approximate areas:

Areas
Sq.Ft
Sq.M
Ground Floor
746
69.3
First Floor
8,187
760.59
Second Floor
2,743
254.83

Financial

Lease Type

New Lease

Lease Term

The premises are available subject to vacant possession on a new effectively full repairing and insuring lease for a term of years to be agreed.

Rent

£125,000 per annum exclusive.

Costs

Each party to be responsible for their own legal costs incurred in this transaction.

Service charge

The current service charge for the financial year is £17,000 per annum.

Business Rates

We have been informed by the Valuation Office Agency of the following rating information: Rateable Value £110,000 UBR (23/24) 0.512p

Rates

Rateable Year:
2023
Rateable Value:
£110,000.00
UBR:
51.2p/£

Sustainability

Energy Performance Certificate

91

Energy Performance Certificate Information

The property has an EPC rating of D 91. A full report is available upon request.

Misrepresentation Notice

All the above information and descriptions (whether in the text, plans or photographs) are given in good faith but should not be relied upon as being a statement of representation or fact. Any areas, measurements or distances referred to are approximate only.

All data ©2024 Completely Property Technology Limited

This was last updated on 27/03/2024