1-2 Moss Road, Freebournes Industrial Estate, Witham, Essex, CM8 3UQ

StrapLine

Auction Sale - 13/05/2025

Well located and Substantial Freehold Industrial Investment and with Development Potential. Entirely let to Simarco on a renewed 5 year lease paying £477,885 p.a. (9.6% GIY)

Description

The property comprises a detached warehouse premises which has been extended over time.

The warehouse is made up of four parts with varying eaves heights. The original building has a minimum eaves height of 3.90m rising to 7.50m to the underside of the apex. The more recent additions have a minimum eaves height of 7.65m and 8.93m rising to 10.00m and 13.42m to the underside of the apex.

The warehouse is accessed via four large loading doors (5.50m wide and 5.30m high) and four smaller loading doors of varying sizes. There are two additional loading doors around the far side of the building.

At the front of the warehouse is a two story office section which provides a mix of reception, offices, meeting rooms and staff welfare facilities.

Externally the property benefits from a good sized concrete surfaced yard which provides ample space for loading and unloading.

Location

• Witham is a town situated in the Braintree district in Essex, situated approximately 9.9 miles to Chelmsford and 51.2 miles to Central London
• The property is located on the established Freebournes Industrial Estate adjacent to the A12 which provides convenient access to Junction 28 of the M25 (22 miles) to the south and the east ports of Harwich and Felixstowe to the north east.
• Access to the M11 and Stansted Airport is via the A120 from Braintree which is linked to Witham via the B1018.

Transport

Road - The A12 sits adjacent to the property, providing access to Junction 28 of the M25

Rail - The nearest rail service is Witham Station which provides a frequent service to London Liverpool Street with a journey time of approximately

Port - The international port of Felixstowe is located 40 miles from Freebournes Industrial Estate and is easily accessible via the A12 and A14. The route from Felixstowe Port follows the A12, passing by the industrial estate before connecting to the M25 at Junction 28, ensuring convenient transport links.

Tenancy

The property is let to Simarco International Limited on a Full Repairing and Insuring Lease subject to a Photographic Schedule of Condition for a term of 5 years from the 17th January 2024 at a passing rent of £477,885 per annum.

The lease is contracted outside of the security of tenure provisions contained within the Landlord and Tenant Act 1954 Part II.

N.b. Simarco have been in occupation since 2015 and the latest lease is their 4th lease renewal.

Simarco International Limited is one of the UK’s leading independent logistics and freight operators.

Website:

Simarco International Limited for the year ended December 2022 reported:

D&B Rating: 3A 1

Turnover: £85.3m

Pre-tax profit· £5.2m

Shareholders Funds: £18.9

(Source: Icans 30/01/2025)

Accommodation

Ground:

Warehouse - Total 71,010 sq ft (6,596.99 sq m)

Office/WC/Staff Facilities - Total 2,959 sq ft (274.95 sq m)

First:

Office/WC/Staff Facilities - Total 3,715 sq ft (345.15 sq m)

Total - 77,684 sq ft (7,217.09 sq m)