36-37 High St 7,012 SF Retail Building Chelmsford CM1 1BE $6,517,080 CAD ($929.42 CAD/SF) 6.76% Cap Rate

Positioned in the heart of Chelmsford’s bustling High Street, this freehold restaurant investment offers a rare opportunity to acquire a fully let asset in one of Essex’s most dynamic urban centres. The property occupies a 100% prime retail pitch with immediate proximity to Bond Street and High Chelmer Shopping Centre—Chelmsford’s premier retail destinations.
The asset comprises a three-storey mid-terrace building with a modern glazed frontage and traditional upper elevations, totalling approximately 7,012 sq ft across ground, first, and second floors. It is fully let to McDonald’s Restaurants Limited on a newly agreed 15-year full repairing and insuring lease from July 2023, with a tenant break in year 10. The rebased rent of £250,000 per annum reflects McDonald’s long-term commitment to the site, having proactively regeared the lease well ahead of expiry.
Chelmsford is one of the UK’s fastest-growing cities, home to over 9,000 businesses and contributing £5.6 billion to the national economy. With excellent connectivity via the A12, M25, and direct rail links to London Liverpool Street in just 34 minutes, the city attracts a highly skilled workforce and affluent consumer base. Major regeneration schemes, including the Chelmsford Garden Community and Beaulieu Park Station, further enhance its investment appeal.
This asset benefits from strong covenant strength, with McDonald’s operating over 1,450 UK restaurants and reporting £1.8bn in turnover. The property is held freehold and offers a net initial yield of 6.76%, making it a compelling proposition for investors seeking secure, long-term income in a thriving city centre location.