This property is no longer on the market
Industrial unit
Property description & features
- Rare Freehold Opportunity
- Suitable for Investor / Owner Occupier
- Established Industrial Estate
- Office Accommodation
- Secure Yard and Parking
- Close Proximity to the A120 / M11 / Stansted Airport
- Currently Producing £120,000 Per Annum
- Current Lease Expires September 2023
Location
The property is situated at the end of Swinbourne Drive on the popular Springwood Industrial Estate, which provides the main commercial and industrial offering within the Braintree area. The A120 dual carriageway is less than one mile distant which provides convenient access to the M11 and Stansted Airport. Braintree is served by a rail connection to London Liverpool Street via Chelmsford with a journey time of approximately 60 Minutes. In addition nearby Stansted Airport provides a rail connection with London of approximately 45 minutes via the Stansted Express.
Accommodation
The approximate Gross Internal Area is as follows:
Warehouse 1,502.60 sq. m 16,174 sq. ft.
Mezzanine 347.64 sq. m 3,742 sq. ft.
Rear Store 61.87 sq. m 666 sq. ft.
Offices 188.87 sq. m 2,033 sq. ft.
Total 2,100.98 sq. m 22,615 sq. ft.
Services
We understand the property is connected to mains water, drainage, gas and three phase 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
Business Rates
Rateable Value - £76,000
Rates Payable (2022/23) - £38,912 Approx.
Tenancy
The property is let on a full repairing and insuring lease for a term of 10 years which is set to expire on the 30 September 2023. We understand the lease is contracted outside the security of tenure provisions of the landlord and tenant act. The lease is subject to a photographic schedule of condition.
Buildings Insurance
The buildings insurance is arranged by the landlord with the cost recovered from the tenant.
Local Authority
Braintree District Council
T.[use Contact Agent Button]
Title Number
EX727762
Terms
The property is available For Sale Freehold subject to the existing lease.
Guide Price
£2,250,000 (Two Million Two Hundred and Fifty Thousand Pounds)
VAT
We understand VAT is applicable, however it is anticipated the transaction will be treated as a transfer of a going concern (TOGC) and VAT will not be payable. It will be the purchasers responsibility to satisfy themselves the transaction qualifies.
Legal Costs
Each party to bear their own legal costs.
Anti-Money Laundering Regulations
Anti-Money Laundering Regulations require Fenn Wright to formally verify prospective purchaser's identity, residence and source of funds prior to instructing solicitors.
EPC
We have been advised the unit falls within band D (81) of the energy performance assessment scale. A full copy of the EPC assessment and recommendation report is available upon request.
Viewing
Strictly by appointment with the sole agent:
James Wright E: [use Contact Agent Button]
John Logan E: [use Contact Agent Button]
Property information from this agent
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Broadband availability and predicted speed
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
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Mobile phone signal availability and predicted strength
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
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