18-24, Market Square and Oakland Court, CHELMSFORD, Essex, CM3 5XA
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Read more Read moreMixed Retail and Office Investment Modern Development Constructed Circa 1991 Current Rents Reserved £148,665 Per Annum Location: This modern development forms part of the Market Square within the heart of South Woodham Ferrers which lies mid way between Chelmsford to the north and Southend-on-Sea to the South. The town provides a vibrant range of shopping facilities, benefits from a number of opportunities for recreational pursuits and has excellent transport links. Accommodation/ Tenancy Unit: 18 Market Square Accommodation: Retail and Ancillary totalling 1,439 sq ft Tenant: Farleigh Hospice Tenancy: 9 years from 25/12/2017 Current Rent Reserved: £15,750 Rent Reviews: Next due December 2023 EPC: D Unit: 20a, 20b, 22 and 24 Market Square Accommodation: Retail and Ancillary totalling 2,527 sq ft Tenant: M Daly and L Daly t/a Bellissima Weddings Tenancy: 10 years from 18/08/2020 Current Rent Reserved: £30,425 Rent Reviews: Currently outstanding August 2023 EPC: B Unit: First Floor Rear Oakland Court Accommodation: Office and Ancillary space totalling 2,853 sq ft Tenant: London process Centre Limited Tenancy: 10 years from 06/06/2022 Current Rent Reserved: £30,000 Rent Reviews: Next due June 2025 EPC: F Unit: 1st Floor Front and 2nd Floor Oakland Court Accommodation: Office and Ancillary space 3,635 sq ft Tenant: London process Centre Limited Tenancy: 10 years from 06/06/2022 Current Rent Reserved: £49,890 Rent Reviews: Next due June 2025 EPC: C Unit: 2nd Floor Rear East Oakland Court Accommodation: Office and Ancillary space totalling 1,138 sq ft Tenant: M Daly and L Daly t/a Bellissima Weddings Tenancy: 5 years from 25/12/2020 Current Rent Reserved: £11,800 Rent Reviews: None – rent fixed for term EPC: C Unit: 2nd Floor Rear West Oakland Court Accommodation: Office and Ancillary space totalling 694 sq ft Tenant: Kelton engineering Limited Tenancy: 9 years from 26/09/2022 Current Rent Reserved: £10,800 Rent Reviews: Next due September 2025 EPC: C Description: This character three floor building was constructed in 1991 in a style similar to many other building in the town. It is arranged to provide retail accommodation at ground floor level with offices and ancillary space at first and second floors. There is vehicular access to the rear of the building which itself is located in the heart of the town near to all other amenities. Total Gross Rents reserved: £148,665 per annum Tenure: Held on a lease for a term of 125 years from 10/07/1991 at a ground rent equivalent to 24% of the rack rent value.
