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2 Freebournes Road, Witham, Essex, CM8 3DG

Offers in Excess of
£1,225,000

£210.01 per sq ft

Business rates & charges may apply

Coke Gearing Consulting, Bishops Stortford
SIZE AVAILABLE

5,833 sq ft

542 sq m

SECTOR

Warehouse for sale

USE CLASSUse class orders: B2 General Industrial, B8 Storage and Distribution and Class E

B2, B8, E

Key features

  • Brand new semi-detached unit with tenant in situ
  • Headline rent £78,745.50 per annum (£13.50 psf)
  • Net initial yield of 5.95%
  • Many green initiatives including low air permeability design, high performance insulated cladding and roof materials, electric vehicle charging points
  • BREEAM 'Very Good'
  • Direct road access onto the A12 at Junction 22 in both directions

Description

A rare opportunity to acquire a newly developed semi-detached industrial unit located on the premier industrial estate in Witham.

The property was developed by Chancerygate in 2023 to a market leading specification with excellent ESG credentials. It benefits from unrestricted 24-7 access under planning use classes E(g)(iii), B2 & B8.

Unit 2 benefits from the following green initiatives:
Low air permeability design
15% warehouse roof lights, increasing natural daylight
High performance insulated cladding and roof materials
BREEAM 'Very Good'
EPC rating of B (33)
Electric vehicle charging points
Secure cycle storage to encourage cycling to work

The property is let to Evri Limited on a full repairing and insuring lease expiring on 28 February 2030 at a headline rent of £78,745.50 per annum, reflecting £13.50 per sq ft. The property is to be sold with a clean freehold title.

Situated adjacent to the A12 dual carriageway, Freebournes Park provides direct road access onto the A12 at Junction 22 in both directions.

Witham is located within the Braintree District, approximately 8 miles from Chelmsford and 13 miles from Colchester. The Ports of Felixstowe and DP World London Gateway are 41 and 32 miles away respectively. Stansted Airport is approximately 24 miles from the site.

Ipswich, Chelmsford, Colchester, Braintree, Maldon, Basildon, Brentwood and Harlow are all easily accessible given the scheme's central location and excellent links to major road networks.

Brochures

2 Freebournes Road, Witham, Essex, CM8 3DG

Approximate location

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Witham Station0.7 miles
  • Hatfield Peverel Station2.9 miles
  • White Notley Station3.6 miles

About Coke Gearing Consulting, Bishops Stortford

100 South Street, Bishop's Stortford, CM23 3BG

Welcome to Coke Gearing Consulting an independent firm of Chartered Surveyors and commercial property agents formed by the merger of Coke Consulting Ltd and Gearing and Company. We have offices in Bishops Stortford and Harlow and focus on the M11 & A120 corridors. The keys towns we cover are Bishop's Stortford, Stansted Airport and Harlow. However, our expertise also extends to a regional context including east Hertfordshire, north Essex, south Cambridgeshire and Suffolk. As commercial property agents we market offices, retail premises, warehouse/industrial units. We also act as property development advisers either selling or acquiring development land together with advising on property investments. In addition we assist occupiers with their commercial property needs and act as corporate property consultants.

Coke Gearing Consulting is run by Chartered Surveyors with many years of experience in the commercial property market. Our services extend to including landlord and tenant rent reviews, lease renewals/re-gears, property management, development appraisals and valuations.

This region is a nationally recognised growth corridor, with both Cambridge and London Stansted Airport being vital to the regional economy.

Notes

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