Summary - 75, HIGH STREET CM1 1EJ
1 bed 1 bath Retail Property (high street)
Prime mixed-use investment with strong retail income and planning upside.
Freehold mixed-use block with prominent corner dual frontage
A prominent, freehold mixed-use block occupying a corner position at High Street and New London Road, offering long retail frontages and excellent pedestrian exposure. The asset benefits from strong retail lettings, with new and secure leases (including Gail’s) and a reported net income of £385,000 pa.
Upper floors currently include vacant office accommodation with planning consent to convert into four residential units, presenting immediate asset-management and value-add potential. The building’s substantial overall size and continuous glazing provide excellent signage and re-letting or redevelopment flexibility in a prime Chelmsford retail pitch.
Buyers should note material negatives: the property sits in a very high crime area and broadband speeds in the immediate area are reported as very slow, which may affect certain occupiers. The upper floors will require conversion works to implement the residential planning consent and general town-centre refurbishment typical of an older mixed-use block.
Overall this is a yield-driven opportunity for investors seeking a centrally located, income-producing high street asset with clear reversionary upside from upper-floor conversion and active asset management.
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