An exciting development opportunity has arisen to purchase a commercial property located prominently in the City Centre close to the High Chelmer shopping centre and the City’s restaurant quarter.
This attractive, red brick, three-storey former bar has been granted planning consent to convert the property into two 2-bedroom apartments on the upper floors and a commercial unit across the ground floor and basement.
The open plan ground floor has a large glazed frontage which provides a high-profile presence on Tindal Street and Tindal Square. The commercial element offers flexible accommodation to suit a variety of commercial uses. The residential accommodation will be accessed through a private entrance from Shire Passage.
Chelmsford’s proximity to London makes it particularly attractive to commuters and the building is close to both the High Street and within a five minute walk of the City’s train station, which provides a fast and frequent direct service into London Liverpool Street.
Commercial Surveyor, John Logan comments “We are pleased to be marketing this prominent City Centre development opportunity for which we expect to receive a high level of demand. The proposed conversion will provide conveniently located residential apartments, whilst the ground floor commercial unit is in a popular secondary retail pitch and we would expect it to attract a variety of suitable users. With this in mind we are of the view that the property will make for an attractive development and investment opportunity in a market where there is a scarce supply of such properties.”
1 Tindal Street is being offered to the market with a guide price of £500,000. Find out more here.
Viewings are strictly by prior appointment and can be arranged by contacting PAI members Fenn Wright.