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Units 10, 12 & 14, Driberg Way, Braintree

Guide Price
£540,000

£137.65 per sq ft

Business rates & charges may apply

Nicholas Percival Commercial, Colchester
SIZE AVAILABLE

3,923 sq ft

364 sq m

SECTOR

Light industrial facility for sale

Description

LOCATION
Driberg Way is located approximately half a mile to the south of Braintree town centre and 1.7 miles from the A120 junction at Freeport. Driberg Way is situated on the Skitts Hill Industrial Estate which we understand was developed in the early 1980´s.

The site comprises approximately 0.44 of an acre on which has been developed a terrace of 3 units. To the front of the site there is communal car parking for the units and in addition each unit has the benefit of a yard to the rear.

The access to the industrial units is provided by Driberg Way which is in the ownership of Braintree District Council, all owners enjoying the benefit of its right of way are responsible for its upkeep and maintenance.

DESCRIPTION
The property comprises a terrace of 3 industrial buildings responsible for its upkeep and maintenance.
constructed of steel portal frames, cavity brick walling and roller shutter doors to each unit. Each unit benefits from WC facilities and rear access to yard areas.

Tenants

Unit 10 let to Borough Olives on full repairing and insuring basis from 1st April 2023, with a rent review due on 1st April 2026, subject to a break clause on 1st April 2027.The lease is contracted outside provisions 24-28 of the Landlord and Tenants Act.

The current rent being paid is £13,650 per annum.

Unit 12 let to Essex Orthopaedics (Braintree) Ltd for a term commencing from 1st April 2023 on full repairing and insuring terms, expiring on 31st March 2029, subject to a rent review on 1st April 2026 with a break clause on 1st April 2026. The lease is contracted outside provisions 24-28 of the Landlord and Tenants Act.

The current rent being paid is £13,755 per annum.

Unit 14 let to Fenner Garages Ltd for a term of 6 years from 16th May 2023, subject to a rent review in May 2026 and break clause in May 2026.

The current rent being paid is £18,000 per annum.

ACCOMMODATION
Unit 10
Comprises circa 1,300 sq ft with secure yard of 632 Sq Ft.

Unit 12
Comprises 1,310 Sq Ft with secure yard of 680 Sq Ft.

Unit 14
Comprises 1,313 Sq Ft with rear yard totalling approximately 2,700 Sq Ft, used for vehicle storage for the garage.

TERMS
For sale freehold, subject to occupational leases as a whole.

OUTGOINGS
Business rates for each of the units:-

Unit 10 - £12,500.
Unit 12 - £11,250.
Unit 14 - £10,750.

VAT
The Property is not elected for VAT.

LEGAL COSTS
Each party is to be responsible for their own costs in this Transaction.

OTHER
Anti Money Laundering Regulations

Anti-Money Laundering Regulations require Nicholas Percival to formally verify purchasers identity, residence and source of funds prior to instructing solicitors.

Energy Performance Certificates
Unit 10 EPC ratings of ´E´ expiring on 14th January 2035
Unit 12 EPC ratings of ´E´ expiring on 14th January 2035
Unit 14 EPC rating of ´D´ expiring on 14th January 2035

VIEWING
Strictly by appointment with the sole agents Nicholas Percival

FAO: Ollie Percival, Billy Coe & Nicholas Percival

C3119

Brochures

Units 10, 12 & 14, Driberg Way, Braintree

Approximate location
Open mapStreet View

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Braintree Freeport Station0.3 miles
  • Braintree Station0.4 miles
  • Cressing Station1.4 miles

About Nicholas Percival Commercial, Colchester

Beacon End Farmhouse London Road, Stanway, Colchester, CO3 0NQ

Nicholas Percival are well-established Estate Agents and Chartered Surveyors with over 25 years of experience selling the finest village, town and country houses in North Essex and South Suffolk

The Commercial Property Division specialises in all aspects of Sales, Lettings and Professional Advice to both Landlords & Tenants Nicholas Percival Chartered Surveyors has an established reputation for professional excellence and integrity and is regarded as one of the leading independent practices in North Essex

Commercial rent reviews and lease renewals are an opportunity for both owners and occupiers to recast their agreement in a more commercial form; they are not just a re-negotiation of the level of rent. Whether you are the landlord or tenant, when it is time for a rent review or lease renewal it is important to avail yourself with the best representation and accurate advice from a specialist commercial chartered surveyor such as those at Nicholas Percival

Nicholas Percival's Commercial Property Management division have been helping companies and individuals manage their commercial property in Essex for over 29 years.

Our specialist team are based in Colchester and have a depth of local knowledge and expertise that enables them to ensure that client's properties are successfully managed, and as a matter of course provide advice on long term strategic changes, in order to create added value and asset enhancement.

Nicholas Percival assumes full responsibility for the day to day management of your property portfolio. We will be in touch with you throughout the year and will meet you at least once a year to provide a full review of the property portfolio performance. However, our goal is to provide exactly the service you need and we are happy to tailor this approach to suit you. We understand that every company and individual have different needs and will work with you to find the right level of communication and involvement that suits you. In addition, you can rely on our team to help and advise you as and when it is required.

Our Management service covers all aspects of property management:

• Rent collection

• Accounting to the client on a monthly or quarterly basis

• Service charge collection

• Budgeting and collection service charge accounts

• Arranging buildings insurance

• Organising contracts with maintenance suppliers such as cleaners, gardeners etc.

• Health and Safety issues

• Landlord and tenant Statutory obligations

• Site visits and inspections

• Negotiating Rent Reviews & Lease Renewals

Nicholas Percival act as the principal liaison between the Landlord and Tenant at all times. All of our Management services are dealt with in accordance with the terms of the leases and any current relevant legislation and codes of practice.

In addition to our core landlord and tenant, building surveying and valuation services, we provide a variety of additional services, including:

• Independent purchase reports

• Strategy advice and reports

• Redevelopment/conversion appraisals

Notes

These notes are private, only you can see them.

Disclaimer - Property reference 101551004038. 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.

Map data ©OpenStreetMap contributors.

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