Markerstudy House And Waterloo Chambers, Waterloo Lane, Chelmsford, Essex, CM1

Markerstudy House and Waterloo Chambers form two attached office buildings which interconnect on the 2nd floors.

Markerstudy House
Markerstudy House is understood to have been constructed in the mid-1990s and forms a three storey office building providing predominantly open plan office accommodation around two cores. The accommodation benefits from an 8 person passenger lift, raised access floors, good levels of natural light, suspended ceilings with recessed LED lighting, air conditioning, WC and kitchenette facilities. The property has an undercroft providing access to a car park at ground and basement levels with a provision of 34 car parking spaces.

Waterloo Chambers
Waterloo Chambers forms a 4 storey office building understood to have been constructed in the 1920s and provides predominantly open plan office accommodation with WC and kitchenette facilities on each floor. The accommodation benefits from suspended ceilings with recessed lighting and air conditioning save for the 3rd floor which has a plastered ceiling with atriums and surface mounted LED lighting and air conditioning. There is an undercroft which provides car parking for two cars (double parked).

Location
The City of Chelmsford is located approximately 37 miles northeast of London and benefits from excellent communications via the A12 giving direct access to the M25 (junction 28) within 12 miles. The M11 and Stansted Airport are also easily accessible.

The City's railway station is within a few minutes walk and provides a fast and frequent service to London Liverpool Street with journey times from approximately 32 minutes.

The building is adjacent to the High Street and also the Bond Street retail and leisure development which contains a number of high end retailers, restaurants and leisure providers such as John Lewis, White Stuff, Hotel Chocolat, Charles Tyrwhitt, Bills, Ask Italian, Giggling Squid and Everyman Cinema.

Accommodation
A measured survey has been carried out in accordance with the RICS Code of Measuring Practice (6th edition) by Armada Surveys Ltd to provide the net and gross internal areas as contained within the Accommodation Schedule.

Planning
We understand that the properties have long standing office use.

The properties benefit from prior approval for the change of use from offices to 22 dwellings (Class C3) under application reference number: 21/01588/CUPAO

Local Authority
Chelmsford City Council
T. 01245 606606

Business Rates
The properties are entered into the Valuation Office Agency 2023 Rating List with the Rateable Values listed in the Accommodation Schedule.

Services
We understand the property is connected to mains water, drainage, gas and electricity. We have not tested any of the services and all interested parties should rely upon their own enquiries with the relevant utility company in connection with the availability and capacity of all of those serving the property including IT and telecommunication links.

Title
The properties are held freehold under the following title numbers:

Markerstudy House: EX490624
Waterloo Chambers: EX350472

There is a Grant of Easement dated 22nd December 1995 granting Bank Chambers the right to use a fire escape situated in the rear western corner of the covered car park. In addition it grants the right for Waterloo Chambers to use the external fire escape stairs located to the west of Waterloo Chambers.

Terms
Markerstudy House and Waterloo Chambers are available for sale as a whole with vacant possession and offers are invited in the region of £3,400,000.

VAT
We understand that the property is elected to VAT.

Legal Costs
Each party to bear their own legal costs incurred in this transaction.

Information Pack
There is an information pack available upon request which includes the registered title, measured survey and floorplans, EPCs and planning documents.

Viewing
Strictly by appointment with the sole agents:
Fenn Wright
20 Duke Street, Chelmsford, Essex CM1 1HL