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25-39 Springfield Rd - Springfield House 4,675 SF Office/Retail Condo Unit Offered at $1,275,579 in Chelmsford CM2 6JE
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.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | Tenure | Freehold |
| Cap Rate | 10.21% |
| Sale Type | Investment |
| Cap Rate | 10.21% |
| Tenure | Freehold |
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.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 25-29 Springfield Ho | 4,675 SF | Office/Retail | $1,275,579 ($272.85/SF) | $130,220.48 |
Unit 25-29 Springfield Ho
| Unit Size |
| 4,675 SF |
| Condo Use |
| Office/Retail |
| Price |
| $1,275,579 ($272.85/SF) |
| NOI |
| $130,220.48 |
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Unit 25-29 Springfield Ho
| Unit Size | 4,675 SF |
| Condo Use | Office/Retail |
| Price | $1,275,579 ($272.85/SF) |
| NOI | $130,220.48 |
| Sale Type | Investment |
| Cap Rate | 10.21% |
| Tenure | Freehold |
| Description | |
| This mid-terrace mixed-use building spans four floors - ground, first, second, and third—and includes a small rear car park.</li></ul> | |
| 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.</li></ul> |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 11,906 SF | Typical Floor Size | 2,706 SF |
| Property Type | Office (Condo) | Year Built | 1975 |
| Building Class | B | Lot Size | 0.47 AC |
| Floors | 4 | Parking Ratio | 0.55/1,000 SF |
| 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
- Bus Line
- Controlled Access
- 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
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Matterport 3D Exterior
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Photos
Street View
Street
Map
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25-39 Springfield Rd - Springfield House
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