Chelmsford, Park Central

Price

£4,750,000

Rent

£375,488

Net Initial Yield

7.42%

Park Central forms part of Chelmsford’s transport hub. It is located on the west side of Chelmsford city centre, on the corner of Duke Street and Viaduct Road. The retail fronts directly on to Chelmsford Bus Station and Chelmsford Train Station is immediately adjacent. There are ten retail units, two of which are currently vacant.

Park Central is a modern retail parade extending to 2,728 sq m (29,367 sq ft) situated around Chelmsford’s main, central Bus Station with Marconi Plaza, Duke Street, Fairfield Road and Viaduct Road marking its boundary.


There are ten retail units in total. All of the units benefit from ground floor entrances and the modern construction allows for flexible configurations. The fascias are well presented and each shop benefits from good visibility throughout the parade, with some tenants benefitting from mezzanine floors.

Park Central provides an Average Unexpired Weighted Lease Term (AWULT) of 9.0 years to lease expiry and in excess of 5.75 years when incorporating the
break options.

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