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Lot 4 Click here for addendum

Freehold Investment & Development Opportunity
4 Week Completion

Situation

Located opposite the junction with Railway Street being approx. 350 yards from Chelmsford Rail Station and approx. ½ mile from the town centre. Nearby occupiers including Chelmsford Civic Centre, Pizza Hut, Tesco Express and a Co-op Supermarket as a well as a host of independent retailers.
Chelmsford is a major retail and commercial centre which lies close to the main A12 some 14 miles north-east of Brentwood and enjoying easy access to the M25 (Junction 28) and the M11 (Junction 7).

Property

A detached building comprising 2 intercommunicating Ground Floor Shops with separate side access to 2 Self-Contained Offices (one at rear ground floor and one on the entire first floor).
In addition, the property includes a Rear Parking Area.

VAT is NOT applicable to this Lot

FREEHOLD

Planning

There may be potential under Permitted Development to convert the rear ground and first floor offices to 1 x 1 Bed Flat and 2 x Studio Flats, subject to obtaining possession and the necessary consents.
In addition, there may be potential for further Residential Development on the Rear Parking area, subject to obtaining the necessary consents.

Note: The Freehold of the adjoining Workshop/Office and Yard/Car Park at the rear is also being offered for sale in this auction - see Lot 5.

*Please note:

RESERVE

The 'Reserve' is the minimum figure for which a property can be sold as agreed between the Seller and the Auctioneer. The 'Reserve' is not disclosed and remains confidential between the Seller and the Auctioneer.

GUIDE

Where a 'Guide' is stated, it is an indication of the Seller's current minimum acceptable price ('Reserve') at auction. A 'Guide' is published to assist prospective buyers in deciding whether or not to pursue a purchase.

A 'Guide' does not represent an anticipated sale price or a valuation and the eventual sale price may be higher or lower. The sale price is determined at auction and as such cannot be predicted in advance.

The 'Guide' can be published as follows:

a. 'Reserve below' which means the 'Reserve' will be below the shown amount.
b. A single price figure where the 'Reserve' is not to exceed it.
c. A single price figure with a + symbol where the 'Reserve' is not to exceed that figure by more than 10%.
d. A minimum and maximum price range where the 'Reserve' is to be within that range.

The Seller's expectation as to the sale price may change during the marketing period as a result of interest received from prospective Buyers. Therefore, the Seller may increase or decrease the 'Reserve' at any time up to just before bidding commences. If the 'Reserve' becomes fixed at a level that makes the 'Guide' misleading, the Auctioneers will subsequently issue a revised 'Guide' as soon as is practicable. Accordingly, prospective bidders should monitor the 'Guide' with the Auctioneers prior to the Auction taking place via this website.

In addition to the purchase price the Successful Buyer or Successful Bidder will be liable to pay Barnett Ross Ltd a non-refundable administration fee of £1,500 including VAT or as specified on the Particulars of Sale and there may also be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the special conditions of sale and all other documentation in the legal pack. Please also refer to any addendum that may be displayed on this page.

11-15 (odd) Broomfield Road, Chelmsford, Essex CM1 1SY