Morrisons M Local, Chelmsford

 

346 Baddow Road, Chelmsford, CM2 9RA

Offers in excess of
N/A
Acquired
Type - Commercial
Tenant type - Supermarket
  • Tenure: Freehold
  • Gross Rent: £65,000
  • Lease Term: 15 years from Mar '15
  • VAT applicable?: Y

Property Description

  • Freehold blue-chip, convenience store investment
  • Recently refurbished former pub trading as a ground floor retail unit with first floor ancillary accommodation
  • The building sits on a large plot of 0.27 acres and benefits from 12 car parking spaces

Location Description

  • The subject property is situated in a prominent location on the roundabout where Beehive Lane meets Baddow Road. This links with the A1114 and A1060 to provide access to both the city centre and surrounding towns south and west of the city.
  • The property benefits from high through traffic as it is surrounded by large swathes of residential properties, Great Baddow High School and the Great Baddow Millennium Community Centre.
  • Chelmsford is an attractive cathedral city located in the heart of Essex. It is 30 miles north east of central London, 20 miles south of Colchester and 16 miles east of Harlow. The city is also some 13 miles south east of Stansted Airport.
  • The total population within Chelmsford’s catchment is approximately 167,000, with a district shopping population of 232,700. Chelmsford is the dominant retail location within its catchment area and captures a large volume of the available spend within the area. Furthermore, the catchment population is affluent, with a significantly above average proportion of working adults classed within the most affluent AB social group.
  • The city benefits from excellent communications infrastructure. The city is located some 12 miles south east of the M25, just 15 minutes from junction 28. The A12 also provides access to the north east to towns such as Witham, Colchester and Ipswich. Other nearby roads include the A130 which provides access to Braintree and Basildon and the A414 which run west to Harlow.
  • Chelmsford railway station is one of the busiest commuter stations in the country, with approximately 15,000 passengers travelling through Chelmsford every day. The railway station provides access to central London, Braintree and Ipswich with journey times of 35 minutes, 28 minutes and 40 minutes, respectively

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