UNDER OFFER
Station Works, Station Road, Earls Colne CO6 2ER
Guide Price
£525,000
£43.96 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
11,942 sq ft
1,109 sq m
- SECTOR
Light industrial facility for sale
- USE CLASSUse class orders: B1 Business
B1
Key features
- Total Gross Income £40,000 PAX increasing to £45,000 PAX in January 2025
- LET to Day-Impex Ltd (Glass Manufacturer) Established July 1946
- 5.5 Years to Lease Expiry
- Total Site Area of 1.172 acres
- 11,942 Sq. Ft. accommodation with 20 car parking space
Description
LOCATION & SITUATION
Earls Colne has a population of circa 4,000 located on the A1124 approximately 3 miles south-east of Halstead and 9 miles north west of Colchester in the Colne Valley.
The village has excellent amenities including a Co-Op convenience store, pharmacy, hairdressers, opticians, doctors' surgery.
The property is located approximately three quarters of a mile to the north of the village in Station Road, immediately before the entrance to Riverside Business Park.
SITE
Formed part of the railway station to Earls Colne which was closed in the 1960s, the site is irregular in shape and extends to a total of 1.172 acres including the commercial premises, car park, yard and grounds, having excellent road frontage to Station Road.
DESCRIPTION
The buildings comprise a traditional brick-built station master's house with former ticket office and waiting rooms (now all used as offices), constructed of brick walls under a pitch tiled roof arranged as two storey benefiting from gas fired central heating to radiators.
Interconnecting with the office building is the factory/workshop, steel frame, with precast panels under a cement boarded roof, which has been over-roofed with metal sheet cladding having an eaves height of approximately 9'9".
Heating to the factory area is by gas blower heaters, electric wall panel heaters and cool air blowers.
The car park can accommodate approximately 20 vehicles.
Offices (Former Station Masters House) - Ground and First Floor including Kitchen and WCs: 2,590 sq. ft.
Factory Premises: 9,352 sq. ft.
Total: 11,942 sq. ft.
SERVICES
The property benefits from mains water, electricity and gas. Drainage to a private system.
EPC
The property has an EPC rating of 'D' (expiry 6 August 2029)
TOWN PLANNING
Station Works is located outside the Earls Colne development boundary and the buildings are situated on a site located within the Riverside Business Park Employment Policy area.
The property is located within Braintree District Council
RATING
The property is described and assessed in the current Valuation List as:
Factory & Premises - Rateable Value £30,550
TENURE
The property is sold Freehold with the benefit of the tenancy.
TENANCY
The property is let to Day-Impex on a 10 year lease on full repairing and insuring terms commencing 30th January 2020 at an initial rental of £40,000 per annum. The rent review has been agreed and documented at £45,000 per annum commencing from 30th January 2025.
INVESTMENT CONSIDERATIONS
Day-Impex Ltd established in 1945 has a current balance sheet of £1,334,000 (2023)
The property has the benefit of an income for a term of 5.5 years, initially £40,000 pax, rising to £45,000 pax (January 2025)
Opportunities to redevelop the site for alternative uses subject to planning permission in the future.
VIEWING
Strictly by prior appointment with the sole agents, Nicholas Percival Chartered Surveyors.
FAO Nicholas Percival & Billy Coe
REF: C2044
Earls Colne has a population of circa 4,000 located on the A1124 approximately 3 miles south-east of Halstead and 9 miles north west of Colchester in the Colne Valley.
The village has excellent amenities including a Co-Op convenience store, pharmacy, hairdressers, opticians, doctors' surgery.
The property is located approximately three quarters of a mile to the north of the village in Station Road, immediately before the entrance to Riverside Business Park.
SITE
Formed part of the railway station to Earls Colne which was closed in the 1960s, the site is irregular in shape and extends to a total of 1.172 acres including the commercial premises, car park, yard and grounds, having excellent road frontage to Station Road.
DESCRIPTION
The buildings comprise a traditional brick-built station master's house with former ticket office and waiting rooms (now all used as offices), constructed of brick walls under a pitch tiled roof arranged as two storey benefiting from gas fired central heating to radiators.
Interconnecting with the office building is the factory/workshop, steel frame, with precast panels under a cement boarded roof, which has been over-roofed with metal sheet cladding having an eaves height of approximately 9'9".
Heating to the factory area is by gas blower heaters, electric wall panel heaters and cool air blowers.
The car park can accommodate approximately 20 vehicles.
Offices (Former Station Masters House) - Ground and First Floor including Kitchen and WCs: 2,590 sq. ft.
Factory Premises: 9,352 sq. ft.
Total: 11,942 sq. ft.
SERVICES
The property benefits from mains water, electricity and gas. Drainage to a private system.
EPC
The property has an EPC rating of 'D' (expiry 6 August 2029)
TOWN PLANNING
Station Works is located outside the Earls Colne development boundary and the buildings are situated on a site located within the Riverside Business Park Employment Policy area.
The property is located within Braintree District Council
RATING
The property is described and assessed in the current Valuation List as:
Factory & Premises - Rateable Value £30,550
TENURE
The property is sold Freehold with the benefit of the tenancy.
TENANCY
The property is let to Day-Impex on a 10 year lease on full repairing and insuring terms commencing 30th January 2020 at an initial rental of £40,000 per annum. The rent review has been agreed and documented at £45,000 per annum commencing from 30th January 2025.
INVESTMENT CONSIDERATIONS
Day-Impex Ltd established in 1945 has a current balance sheet of £1,334,000 (2023)
The property has the benefit of an income for a term of 5.5 years, initially £40,000 pax, rising to £45,000 pax (January 2025)
Opportunities to redevelop the site for alternative uses subject to planning permission in the future.
VIEWING
Strictly by prior appointment with the sole agents, Nicholas Percival Chartered Surveyors.
FAO Nicholas Percival & Billy Coe
REF: C2044
Brochures
Station Works, Station Road, Earls Colne CO6 2ER
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Chappel & Wakes Colne Station3.1 miles
- Bures Station4.2 miles
- Marks Tey Station5.8 miles
About Nicholas Percival Commercial, Colchester
Beacon End Farmhouse London Road, Stanway, Colchester, CO3 0NQNotes
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Disclaimer - Property reference C2044. 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 Nicholas Percival Commercial, Colchester. 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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