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Investment Sale

Offers Over
£650,000

£120.75 per sq. ft.

Business rates & charges may apply

Joscelyne Chase Ltd, Joscelyne Chase Commercial Limited
SIZE AVAILABLE
5,383 sq. ft.
(500 sq. m.)
SECTOR
Light industrial facility for sale

Property description

Tenure: Freehold

LOCATION
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.

DESCRIPTION
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.

ACCOMMODATION
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)

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

TERMS
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.

OUTGOINGS
The rateable value of the subject property is £24,750.

LEGAL COSTS
Each party is responsible for their own legal costs.

VIEWING
Strictly by appointment with JOSCELYNE CHASE , please contact the Commercial Department

Investment Sale

Approximate location

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Braintree Station1.2 miles
  • Braintree Freeport Station1.8 miles
  • Cressing Station3.0 miles

Notes

These notes are private, only you can see them.

Disclaimer - Property reference 100542004298. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Joscelyne Chase Ltd, Joscelyne Chase Commercial Limited. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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