Mill for sale
The Mill, Station Road, Ardleigh, Essex, CO7 7RS
- PROPERTY TYPE
Mill
- SIZE
Ask agent
Key features
- Freehold
- Strictly by appointment with the Auctioneers
Description
COMMERCIAL INVESTMENT: A HISTORIC BUILDING IN POPULAR VILLAGE CURRENTLY LET PRODUCING AN ANNUAL INCOME OF £56,000. A YIELD OF 12.5% OF THE GUIDE PRICE
A detached four storey Grade II Listed former Mill located in the centre of the popular village of Ardleigh backing onto playing fields. The village of Ardleigh is to the north east of Colchester and offers easy access to both Colchester and Ipswich. The property includes a former two storey engine house that is currently used for storage and a licence is in place permitting use of the public car park to the rear. The building is currently let and producing an annual income of £56,000. It is considered that the building could offer potential for future re-development subject to obtaining all necessary consents.
Main Building
Ground Floor-1,310 sq ft
First Floor- 1,430 sq ft
Second Floor-1,435 sq ft
Third Floor- 1,405 sq ft
Loft Area- 479 sq ft
Engine House
Ground Floor- 385 sq ft
First Floor- 385 sq ft
We are advised that in addition to the rear car park included in the title which offers parking for several vehicles, there is a licence in place with the local council for the use of the rear council car park which is in full use with the current occupiers. For further details please refer to the legal pack.
We are advised that the current tenants initial lease was for a term of 5 years from 2019 to 2024 and that this was renewed for a further 5 year term from 1st April 2024 to and including 31 March 2029 with an annual rent of £56,000. For further details please refer to the legal pack.
Main Building C
Engine House D
Brochures
Legal DocumentsEnergy Performance Certificates
EPC 1The Mill, Station Road, Ardleigh, Essex, CO7 7RS
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Manningtree Station3.1 miles
- Hythe Station3.6 miles
- Colchester Station4.2 miles
Notes
Disclaimer - Property reference 326796. 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 Dedman Gray Auctions, Essex. 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.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Dedman Gray Auctions, Essex on 01702 311010.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
Map data ©OpenStreetMap contributors.