Finch Drive is the 6th turning on the right off of Springwood Drive. Springwood Industrial estate is located on the western outskirts of Braintree with quick access to the A120.
The warehouse is of steel portal frame construction providing clear storage space with an eaves height of 17ft 6in (5.36m)rising to 25ft ( 7.73m) at the ridge. The warehouse benefits from fluorescent lighting, a single roller shutter loading door and roof lights.
The offices have been constructed within the warehouse at the front of the property. A separate entrance leads into a reception area, single office, male and female toilets and a kitchen. Stairs lead up to two offices at first floor level.
Warehouse 4,337 sq ft (403 sq m)
Ground Floor Offices 523 sq ft (48.5 sq m)
First Floor Offices 523 sq ft (48.5 sq m)
TOTAL: 5,383 sq ft (500 sq m)
The property has mains electricity,gas,water and drainage.
The subject property is let to UK Tapes Ltd until December 2023 at a rent passing of £25,000 per annum. The lease is drawn outside the Security of Tenure provisions of the Landlord and Tenant Act 1954.
We would estimate that the open market rental value of the property is currently in excess of £47,000 per annum.
Offers in excess of £650,000 plus VAT are sought for the freehold interest subject to the existing lease.
The rateable value of the subject property is £24,750.
Each party is responsible for their own legal costs.
Strictly by appointment with JOSCELYNE CHASE , please contact the Commercial Department
NEAREST STATIONSDistances are straight line measurements from the centre of the postcode
- Braintree Station1.2 miles
- Braintree Freeport Station1.8 miles
- Cressing Station3.0 miles
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