Green & Partners investment team completes sale of 36-38 High Street & 3-7 Grays Brewery Yard, Chelmsford in under four months
It is not surprising that our investment team received immediate interest when they launched this substantial and unbroken parade of seven retail and leisure units to market on behalf of an institutional investor.
The investment considerations and a prime, prominent location in the heart of Chelmsford, Essex’s premier retailing destination, meant the asset presented as a strong retail proposition.
However, the speed with which the asset progressed from launch, through marketing, offers and legal negotiation to completion and eventual acquisition by Evolve Estates, is clear evidence of the strategic approach and extensive support provided by the Green & Partners investment team.
The property – units 36-38 High Street and units 3-7 Grays Brewery Yard - in Grays Brewery Quarter on Chelmsford High Street, occupies a 1.325 acre site located opposite Marks & Spencer and H&M. McDonald's and Metro Bank occupy the prime High Street fronting units and within the yard, Fete, Nando's and Zizzi all operate from well-configured units with outside seating. Patch Places, a serviced office provider is located to the rear of the Yard.
Clifton Agency and Prime Retail Property acted on behalf of the buyer, Evolve Estates.
For further information, or to discuss your investment property requirements, please contact Ed Smith on 020 7659 4848.