Unit 4, Robert Way, Wickford, Essex, SS11

Semi-detached warehouse/industrial unit arranged to provide modern ground floor offices, with male and female WC facilities plus kitchen. To the rear of the site is warehouse which has been partitioned to form two warehouse areas with both front and rear level loading doors. Externally, forecourt staff & visitor parking is provided to the front, plus self-contained rear yard.

Location

Wickford is situated approximately 30 miles east of central London and 13 miles south of Chelmsford, and four miles north of Basildon, accessed via the A127 and A130 arterial roads, which provide good communications throughout the County and direct links to the M25 and national motorway network beyond. Wickford has a mainline railway station providing regular services to central London.

Service Charge Comments

A service charge is applicable. Further details on application.

Tenure

The property is held on a lease for a term of 99 years from 26th May 2015 at a Ground Rent of £100.00 per annum.
The front warehouse & offices are let to Work and Wear Direct Ltd on a FRI lease with a lease set to expire September 2025 .The lease is outside the security of the Landlord & Tenant Act 1954 with a rent of £35,000 pax. The rear part of the warehouse is also let to Work and Wear Direct Ltd on an informal agreement at a current rent of £30,000 pax.

VAT

All rents, prices and premiums are exclusive of VAT under the Finance Act 1989.

Rating

Unit 4, Robert Way: from enquiries made of the Valuation of Agency, we believe the rateable value to be £21,500 for 2024/25. Based upon the Uniform Business Rate we believe the rates payable amount will be £10,728.50.
Unit 4A, Robert Way: from enquiries made of the Valuation of Agency, we believe the rateable value to be £17,250 for 2024/25. Based upon the Uniform Business Rate we believe the rates payable amount will be £8,607.75.

Legal Costs

Each party to bear their own legal costs incurred in this transaction.

EPC

The property has an EPC rating of E.

Tenure Comments

The property is held on a long leasehold lease of 99 years from and including 26.05.2015, with a ground rent of £100.00 p.a.