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138 New London Rd 1,935 sq ft Office Property Chelmsford CM2 0AW £495,000 (£255.81/sq ft)
EXECUTIVE SUMMARY
The freehold interest is being sold, subject to the existing lease. The property is let on the basis of a full repairing and insuring lease, expiring May 2034, at a passing rent of £34,800 per annum exclusive. The property is let to Orthoworld 2000 Limited, and guaranteed by Integrated Dental Holdings Limited. The lease contains a rent review in May 2029. The lease also provides for tenant break options in December 2027 and December 2030, upon 6 months prior notice, and the tenant paying 6 months rent and 3 months rent penalty respectively.
PROPERTY FACTS Sale Pending
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Property Size
1,935 sq ft
Costar Property Class
B
Year Built
1974
Price
£495,000
Price per sq ft
£255.81
Tenancy
Single
Number of Floors
3
Typical Floor Size
645 sq ft
Floor To Floor Height
11 ft
Plot ratio
0.74
Total Plot Size
0.06 ac
Parking
2 Spaces (1.03 Spaces per 1,000 sq ft Leased)
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138 New London Rd
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