At present the premises is divided into seven separate commercial letting units along with an area of land used for parking. There is an entrance/exit off Wellington Road and a further exit onto Theatre Street. Five of the units are currently let producing an income of approximately £13,680 per annum. All tenancies are on an informal basis. Two of the larger units have recently become vacant and there is a further stand-alone building. When fully let, potential income is around £2,875 per calendar month or £34,500 per annum.
Outside and within the grounds is parking for approximately 12 or more vehicles. Alternatively, the whole site could be developed into a number of residential units either new build or conversion, subject to the necessary consents being obtained.
This town centre site is located close to amenities and just a step up from the market place.
Details will be available in the legal pack.
Head away from the market place and at the roundabout take the second exit and bear right into Wellington Road. The property will be found after a short distance on the left hand side.
Please call us for viewing arrangements.
Wade & Davis (Attn Michael Chapman), 28 High Street, Gt Dunmow, Essex, CM6 1AH. Tel. 01371 872816