Acquired
Danbury – Beauty Salon
14 Maldon Road, Chelmsford, Danbury, Essex CM3 4QQLong Leasehold Retail Investment
Tenure
Leasehold
Lease Term
5 Years
Years Left on Lease
Holding Over
Area
388 SQ FT
VAT Applicable
No
Sector
Investment Consideration
- Leasehold. Held on a 199 year lease from January 1994 (172 years remaining on leasehold).
- Comprises a ground floor retail unit t/a beauty salon
- Total area size of 36 sq m (388 sq ft)
- Located within easy reach to the local amenities.
- Nearby occupiers include Bupa Dental Care, amongst number of local traders including Pub, Hotel, Bakery and others.
Key Features
Tenure
Leasehold
VAT
VAT is not applicable.
Property Description
The property comprises a ground floor retail shop, currently trading as a beauty salon and nail bar. It forms part of a terraced unit in a two-storey building known as 12-14 Maldon Road with the rest of this building occupied as residential and shop units, which is not included in the sale.
The property provides the following accommodation and dimensions:
Ground Floor: Shop 36 sq m (388 sq ft)
The property provides the following accommodation and dimensions:
Ground Floor: Shop 36 sq m (388 sq ft)
Tenancy Description
The property is at present let to an Individual for a term of 5 years from 12 July 2019 at a current rent of £10,200 per annum and the lease contains full repairing and insuring covenants. Break clause in April 2020 NOT exercised.
Tenancies & Accommodation
Location Description
Danbury is a village in the City of Chelmsford, in the county of Essex, England. It is located 33.5 miles northeast of Charing Cross, London and has a population of 6,500. The property is within easy car travelling distance of Chelmsford centre and station. Located within easy reach to the local amenities. Nearby occupiers include Bupa Dental Care, amongst number of local traders including Pub, Hotel, Bakery and others.
