36-38 High Street & 3-7 Grays Brewery Yard, CM2 6QR

Map View


Sold on 04/11/2022


£10,900,000 (Subject to Contract and Exclusive VAT)


The City of Chelmsford is the commercial and administrative centre for Essex as well as the region’s premier retailing destination. Chelmsford is a highly attractive and affluent city located 40 miles (64km) east of Central London, 21 miles (34km)south west of Colchester and 10 miles (16km) south of Braintree.


The property comprises six retail and leisure units and a serviced office. Forming part of a former Brewery Site which date back to the 19th Century, the site was comprehensively redeveloped in 1980.Further alterations have been made over time to reconfigure and modernize the space to suit occupier needs.

McDonalds and Metro Bank occupy Prime High Street fronting units. The latter benefits from a dominant return frontage onto Springfield Road. Within the Yard, Fete, Nandos and Zizzi all operate from well configured units with demised outside seating. Rosa’s Thai are also under offer to occupy Unit 4. Patch Places, a serviced office provider are located to the rear of the Yard and operate over four floors.

The units are serviced through the rear service yard, accessed via Bond Street. The adjoining, former Debenhams site is currently under reconstruction and has been let to a national multiple retailer. The store benefits from an up and down escalator accessed from their yard into their store at first floor level. This is demised by way of a peppercorn lease, expiring 2986


£1,017,751.00 per annum exclusive


McDonald's, Metro Bank, Zizzi, Nandos, Fete, Patch Places




8.5% Net Initial Yield


All viewings are strictly by prior appointment.

David Freeman.

Partner | Investment

Ed Smith.

Partner | Investment

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