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25-39 Springfield Rd - Springfield House 4,675 SF Office/Retail Condo Unit Offered at $1,270,003 in Chelmsford CM2 6JE

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INVESTMENT HIGHLIGHTS

  • Town centre location
  • Walking distance from Chelmsford train station
  • High footfall and visibility

EXECUTIVE SUMMARY

This mid-terrace mixed-use building spans four floors—ground, first, second, and third—and includes a small rear car park. The ground floor operates as tea rooms. The upper floors consist of three office spaces with separate front access, all fully let on short-term leases. Vacant possession of the upper floors will be available in March 2026. There is potential to convert the self-contained offices above into six two-bedroom flats through permitted development, with the possibility of adding additional floors, subject to planning approval.

PROPERTY FACTS Sale Pending

Total Building Size 11,906 SF
Property Type Office (Condo)
Building Class B
Floors 4
Typical Floor Size 2,706 SF
Year Built 1975
Lot Size 0.47 AC
Parking Ratio 0.55/1,000 SF

AMENITIES

  • Security System
  • Accent Lighting
  • Energy Performance Rating - D
  • Energy Performance Rating - E
  • Central Heating
  • Demised WC facilities
  • Fully Carpeted
  • Direct Elevator Exposure
  • Perimeter Trunking
  • Recessed Lighting
  • Drop Ceiling
  • Air Conditioning

1 UNIT AVAILABLE

Unit 25-29 Springfield Ho

Unit Size 4,675 SF
Price $1,270,003
Price Per SF $271.66
Condo Use Office/Retail
Sale Type Investment
Tenure Freehold
Cap Rate 10.21%
NOI $129,651.22
DESCRIPTION

This mid-terrace mixed-use building spans four floors - ground, first, second, and third—and includes a small rear car park.

SALE NOTES

The ground floor is currently trading as tea rooms. The upper floors comprise 3 office floors, with separate access from the front of the building, currently fully let on a floor by floor basis and all on short-term leases. Potential to convert the self-contained offices above into residential in the future and possibly add additional floors, subject to planning.

  • Listing ID: 31804577

  • Date on Market: 2/16/2024

  • Last Updated:

  • Address: 25-39 Springfield Rd, Chelmsford CM2 6JE

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