Light Industrial for sale

Bluebridge Industrial Estate, Halstead

Sold STC £490,000
10,226 sq. ft.

Property Description

Commercial information

  • 10,226 sq ft (950 sq m)

Full description

Tenure: Freehold

LOCATION
The subject property is located at the entrance to the Bluebridge Industrial Estate fronting onto the A1124 and less than 1 mile from Halstead town centre.

DESCRIPTION
The subject property consists of a detached steel portal frame warehouse having an eaves height of 11 ft with a pitched roof covered in corrugated asbestos sheeting and incorporating roof lights. There is a large mezzanine floor within the warehouse space together with a small kitchen area. To the rear of the warehouse there is a single 11 ft wide roller shutter loading door leading out onto a secure side yard.

In front of the warehouse there is a small single storey office with a flat roof and male and female toilets.

To the rear of the main warehouse there is a secondary store and covered loading area.

ACCOMMODATION
Gross Internal Floor Areas

Main Warehouse 4730 sqft (439.4 sqm)
Offices 1093 sqft (101.5 sqm)
Sub total 5823 sqft (541.9 sqm)

Rear store 2977 sqft (276.6 sqm)
Rear covered loading 1426 sqft (132.5 sqm)
TOTAL 10,227 sqft (950.2 sqm)

Mezzanine floor in main warehouse 2016 sqft (187.3 sqm)


SERVICES
The property has mains electricity,gas,water and drainage.

TERMS
The property in let in its entirety to Cunningtons LLP for a six year term from 7th September 2014 for the storage of archive files. The rent was reviewed earlier this year to £39,000 per annum. Cunningtons have occupied the building since 2005.

Cunningtons LLP have sub let the rear building the sub tenant is holding over.

Cunningtons LLP were established in 1748 and operate out of seven offices with over 90 staff. They are market leaders in residential conveyancing, dealing with several thousand transactions every year.

The firm provides a wide range of legal services with family law, litigation an private client departments. Cunningtons have been accredited with the Law Society Lexcel Practice Management Standard and have also achieved the Law Society Conveyancing Quality mark.


The freehold interest is available at a guide price of £490,000 which reflects a gross initial yield of 7.96%.

OUTGOINGS
The property has a current rateable value of £24,750


More information from this agent

Nearest stations

  • Chappel & Wakes Colne (4.4 mi)
  • Bures (5.3 mi)
  • Braintree Freeport (6.1 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Joscelyne Chase Ltd, Joscelyne Chase Commercial Limited

18-20 Bank Street, Braintree, CM7 1UP

01376 808114 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Chappel & Wakes Colne (4.4 mi)
  • Bures (5.3 mi)
  • Braintree Freeport (6.1 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Joscelyne Chase Ltd, Joscelyne Chase Commercial Limited

18-20 Bank Street, Braintree, CM7 1UP

01376 808114 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

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