1. HIGH CHELMER SHOPPING CENTRE
SHOP TO LET CHELMSFORD
UNIT 29A
HIGH CHELMER SHOPPING CENTRE
DESCRIPTION
High Chelmer provides the largest covered shopping centre in Chelmsford with over 80 shops open 7 days a week. This scheme provides the dominant mass market fashion offer within the city with retailers including River Island, TopShop/TopMan, Superdry, Primark and JD Sports, benefitting from an annual footfall of 9 million.
The premises occupy a prominent position along the West Mall in proximity to retailers including Sketcher, Trespass, Thomas Cook, Deichmann, Next, Pandora, Clarks and Thorntons. See attached street traders plan.
ACCOMMODATION
The unit is arranged over ground and first floors and benefits from the following approximate net internal floor areas:
Ground Floor NIA 5,514 sq. ft. ( sq. m)
First Floor Ancillary 5,500 sq. ft. ( sq. m)
LEASE
The premises are available, subject to vacant possession, on a new effectively full repairing and insuring lease for a term of 10 years, subject to an upward only rent review in the 5th year of the term.
RENT
£170,000
per annum exclusive.
SERVICE CHARGE
The current service charge for the financial year is £42,261 per annum exclusive.
BUSINESS RATES
We have been informed by the Valuation Office
Agency of the following rating information:
Rateable Value: £154,000
Rates Payable (18/19): £91,323 This figure is an estimate and cannot be relied upon.
Interested parties are advised to make their own enquiries with the local authority.
EPC
The property has an EPC rating of D 81. A full report is available upon request.
LEGAL COSTS
Each party to be responsible for their own legal costs
incurred in this transaction.
VIEWING
Viewing is strictly by appointment through joint agents, Green & Partners, contacting:
Matt Beardall
Adam Bindman
Or, Cushman & Wakefield, contacting:
James Merrett
Subject To Contract