No bars, no signal predictedOne bar, reliable signal unlikelyTwo bars, may experience problems with connectivityThree bars, likely to have good coverage and receive a data rate to support basic web servicesFull bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Skip to main content
Photo 1
Photo 6
Photo 15
Offers in excess of£5,500,000 | 77,684 sq ft
Added > 14 days

Industrial unit for sale

1-2 Moss Road, Freebournes Industrial Estate, Witham, Essex, CM8
Save
Industrial unit
0 bed
0 bath
77,684 sq ft / 7,217 sq m

Property description & features

  • Tenure: Freehold
  • Warehouse Investment Opportunity
  • Net Initial Yield of 8.19% (Assuming Purchasers Costs of 6%)
  • Generating £477,885 Per Annum Exclusive
  • Tenant has an Experian rating of 100/100 and are classed as Very Low Risk
  • Let to Simarco International Limited
  • 5 Year Term from 17th January 2024
  • Site Area 2.62 Acre
  • Close Proximity to the A12
The property comprises a detached warehouse premises which has been extended over time. The warehouse is made up of four parts with varying eaves heights. The original building has a minimum eaves height of 3.90m rising to 7.50m to the underside of the apex. The more recent additions have a minimum eaves height of 7.65m and 8.93m rising to 10.00m and 13.42m to the underside of the apex. The warehouse is accessed via four large loading doors (5.50m wide and 5.30m high) and four smaller loading doors of varying sizes. There are two additional loading doors around the far side of the building. At the front of the warehouse is a two story office section which provides a mix of reception, offices, meeting rooms and staff welfare facilities. Externally the property benefits from a good sized concrete surfaced yard which provides ample space for loading and unloading.

LOCATION
The property is located on the established Freebournes Industrial Estate adjacent to the A12 which provides convenient access to Junction 28 of the M25 (22 miles) to the south and the east coast ports of Harwich and Felixstowe to the north east. Access to the M11 and Stansted Airport is via the A120 from Braintree which is linked to Witham via the B1018. Witham Station provides a frequent service to London Liverpool Street with a journey time of approximately 45 minutes.

ACCOMMODATION
[Approximate Gross Internal Floor Areas]
Ground
Warehouse - 71,010 sq ft [6,596.99 sq m]
Office/WC/Staff Facilities - 2,959 sq ft [274.95 sq m]
First
Office/WC/Staff Facilities - 3,715 sq ft [345.15 sq m]
Total - 77,684 sq ft [7,217.09 sq m]
The total site area measures 2.62 acre. [Measured online using Promap]

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.

ENERGY PERFORMANCE CERTIFICATE [EPC]
We have been advised the property falls within Class C (51) of the energy performance assessment scale. A full copy of the EPC assessment and recommendation report is available upon request.

PLANNING
We understand the property has a longstanding B8 Use. We advise all interested parties to contact the Local Authority for further information.

LOCAL AUTHORITY
Braintree District Council
T.[use Contact Agent Button]

WITHAM INDUSTRIAL WATCH
Witham Industrial Watch was set up by a network of local businesses to provide amongst other things, effective estate management and enhanced security throughout the towns industrial areas. By obtaining Business Improvement District funding WIW has employed an estate manager, installed Automatic Number Place Recognition and improved signage throughout the industrial areas. Further information can be found at
TENURE
The property is held freehold under title no: EX182010.

BUSINESS RATES
We are advised that the premises has a rateable value of £392,500. Therefore estimated annual rates payable of approximately £214,305 (2024/25).

TENANCY
The property is let to Simarco International Limited on a Full Repairing and Insuring Lease subject to a Photographic Schedule of Condition for a term of 5 years from the 17th January 2024 at a passing rent of £477,885 per annum. The lease is contracted outside the Landlord and Tenant Act. A copy of the lease is available upon request.

COVENANT
Simarco International Limited were incorporated in 1997 and as at 31st December 2023 had a turnover of £84,057,481 and a Pre-Tax Profit of £5,306,449. They have an Experian rating of 100/100 and are classed as Very Low Risk. An Experian Report is available upon request.

TERMS
The property is offered for sale freehold subject to the existing lease to Simarco International Limited. Our client is seeking offers in excess £5,500,000 which reflects a Net Initial Yield of 8.19% assuming purchasers costs of 6%.

VAT
We understand the property is elected to VAT, however the sale should be eligible to be treated as a Transfer of Going Concern and VAT may not be applicable.

LEGAL COSTS
Each party to bear their own legal costs incurred in this transaction.

ANTI-MONEY LAUNDERING REGULATIONS
Anti-Money Laundering Regulations require Fenn Wright to formally verify a prospective purchaser's identify prior to the instruction of solicitors.

VIEWINGS STRICTLY BY APPOINTMENT VIA SOLE SELLING AGENTS:

Fenn Wright
64 Newland Street
Witham
Essex
CM8 1AH

[use Contact Agent Button]

James Wright
E: [use Contact Agent Button]

Property information from this agent

Places of interest

    Request viewing/info
    Fenn Wright is the region’s leading, independently owned firm of chartered surveyors, estate agents and property consultants. Our business specialises in; residential sales and lettings, commercial sales, lettings and professional advice, development, planning and new homes, agricultural property advice, farms and estates and waterside properties (UK wide).  At Fenn Wright, everyone takes pride in using their expert local knowledge and professional know-how to provide an industry-leading level of service that delivers results for our clients time and time again.

    See more properties like this:

    *DISCLAIMER

    Property reference 14870554FH. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Fenn Wright - Witham & Chelmsford Commercial.

    OnTheMarket may have applied supplementary data to this property listing, including:

    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

    The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2

    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

    Any supplementary data should not be relied upon as forming part of any property particulars and OnTheMarket cannot be held responsible for any incorrectness in this data. See here for more information.

    *Call rate information

    Calls to 0843 numbers will be charged at 4p/min from BT landlines. Calls from other networks may vary, and calls from mobiles and outside the UK will be higher. Calls to local numbers beginning with 01, 02 and 03 numbers will incur standard geographic charges from landlines and mobiles.