11, 13/15, 17 & 19 Baddow Road
Chelmsford
Essex
CM2 0BX

Freehold Retail Investment with Planning Consent for Redevelopment

Let to various tenants including William Hill Organization Limited
Potential redevelopment and conversion opportunity – majority let without Security of Tenure
Planning permission for refurbishment and change of use to A3
Potential to convert to residential (subject to planning and the necessary consents)
Asset management opportunities
Popular Restaurant & Leisure destination with nearby tenants including Prezzo, Pizza Express and Café Rouge
For the Seller's Legal Pack, please click the Property Documents tab below
For a Buyer's Legal Report please click <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>

Lot
39
Auction
11th February 2016
Rent
£88,300 per Annum Exclusive
Status
Sold
Price
£875,000
Auction Venue
Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

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Property Information

Location

Miles: 20 miles north-east of Romford, 38 miles north-east of Central London
Roads: A12, A4060, A414
Rail: Chelmsford Railway Station
Air: London Stansted Airport

Situation

The property occupies a prominent position on the northern side of Baddow Road, close to its junction with Moulsham Street and Parkway. Meadows Shopping Centre is located close by, housing occupiers including an Odeon Cinema, BHS, Wilko, Sports Direct, and other nearby occupiers include Prezzo, Pizza Express, Café Rouge, Hugo Boss and a number of independent restaurant and bar operators.

Tenure

Freehold.

Location

Miles: 20 miles north-east of Romford, 38 miles north-east of Central London
Roads: A12, A4060, A414
Rail: Chelmsford Railway Station
Air: London Stansted Airport

Situation

Tenure

Freehold.

Description

The property comprises five shops (arranged as four units) on the ground, part first and second/attic floors, with a self-contained restaurant arranged on the part first and part second attic floors accessed from Baddow Road.

Planning
The property is offered with the benefit of planning permission (dated 24/12/2014) for the refurbishment of 11-19 Baddow Road to comprise the part demolition and part removal of upper floor accommodation, change of use from part A1, part A2 and part A3 to A3 restaurant along with related works. For further information: Chelmsford City Council (Tel: +44 (0)1245 606826) (Application number 14/01625/FUL).

Six Week Completion

Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.

VAT

VAT is applicable to this lot.

EPC

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

Unit	Floor	Use	Floor Areas (Approx)	Tenant	Term	Rent p.a.x	Reversion
11	Ground	Retail/Ancillary	34.00 sq m	(366 sq ft)	DESIGNER SECRET LIMITED (t/a Designer Secret)	Approximately 1 year and 8 months from 13/10/2015	£6,000	30/06/2017
13/15	Ground	Betting Office/Ancillary	87.98 sq m	(947 sq ft)	WILLIAM HILL ORGANIZATION LIMITED (1)	10 years from 25/12/2008	£32,750	24/12/2018
11/13/ 15	First Second/ Attic	Restaurant/ Ancillary	176.23 sq m 14.52 sq m	(1,897 sq ft) (156 sq ft)	YC CHENG & ML CHENG (t/a Imperial Restaurant)	20 years from 25/12/1997	£25,000	24/12/2017
17	Ground First Second/ Attic	Retail/Ancillary Retail/Ancillary Ancillary	31.80 sq m 26.10 sq m 5.11 sq m	(342 sq ft) (281 sq ft) (55 sq ft)	T. FRANKEL (t/a Now and Then)	2 years from 25/12/2014 (2) at £1,083.33 pcm	£13,000(3)	24/12/2016
19	Ground First Second/ Attic	Retail/Ancillary Ancillary Ancillary	40.05 sq m 25.30 sq m 5.11 sq m	(431 sq ft) (272 sq ft) (55 sq ft)	ITEK IPHONES LIMITED (t/a Mobile Phones Sales & Repair)	2 years from 01/07/2015	£11,550	30/06/2017
Totals			446.10 sq m	(4,802 sq ft)			£88,300 (3)

Unit

Floor

Use

Floor Areas (Approx)

Tenant

Term

Rent p.a.x

Reversion

Ground

Retail/Ancillary

34.00 sq m

(366 sq ft)