35 High Street, Chelmsford

Prime Rebased High Street Freehold Investment

• The property is on prime High Street let in its entirety to Telefonica UK Ltd, t/a/ O2
• 100% prime retail location
• Freehold
• A regeared lease, completed September 2021 with approximately 4.50 years unexpired
• A rebased rent of £115,000 per annum
• Potential asset management opportunity to take back uppers for alternative use, subject to planning

Offers are sought in excess of £1,500,000 subject to contract and exclusive of VAT, showing an attractive net initial yield of 7.23%, after allowing for standard purchaser’s costs