This modern one bedroom apartment is situated within the Salmon Court development, built by Julia MacKay Properties, is conveniently situated on the corner of New Street and Bishop Road within walking distance of Chelmsford High Street and mainline station. Situated on the top floor, the apartment comprises open plan living accommodation, good sized lounge, shaker style kitchen units with integrated appliances, double bedroom and bathroom with modern white suite, the development also offers a secure bike store.
Each apartment is due to be sold with a share of the Freehold giving owners a say on the management of the block, enabling the service charge to be kept at a reasonable level. The apartment will benefit from a new 999 year lease, which will commence on completion; with ground rent of just £1 per annum, making the apartment one of the lowest for annual costs.
The low ground rent and element of control on the service charge, makes the apartment an excellent investment purchase, with an anticipated yield of circa 4.5% per annum. The apartment has been successfully let since it was built in 2013, achieving a rental yield of £800 per month.
Chelmsford City centre offers a thriving nightlife with a wide selection of bars and places to eat, from independent family restaurants, to well known chains serving cuisines from around the world. Chelmsford features a comprehensive range of shopping facilities with its pedestrianised High Street, two shopping precincts and hugely popular Bond Street with John Lewis store.
Chelmsford is extremely popular with leisure enthusiasts with a selection of sports clubs and gyms, including the newly refurbished Riverside Ice & Leisure. There are a variety of pleasant open spaces within walking distance of Salmon Court including 'The Avenues' park and Central park.
Chelmsford's mainline station provides a direct service to London Liverpool St. with a journey time as fast as 28 minutes.