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Glebe Road, Chelmsford CM1

  • An unbroken residential development situated in the heart of Chelmsford Town Centre.
  • Located just 0.2 miles from Chelmsford Railway Station, offering direct access into London Liverpool Street Station in approximately 30 minutes.
  • Developed in 2017, the building comprises a total of 5 x studios and 9 x 1 bedroom apartments.
  • Total NIA – 5,800 sq ft.
  • 12 of the 14 apartments are currently let, producing a rental income of £117,780 per annum.
  • We believe the fully let ERV is in the region of £136,740 per annum.
  • It is our opinion that the break up value is in the region of £3,000,000.
  • Freehold.
  • OIEO £2,250,000 (Two Million, Two Hundred & Fifty Thousand Pounds) subject to contract, reflecting a low capital value of £387 psf and 6.07% gross yield based on the fully let ERV.
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