*New Letting Incentives Available - Phased Rent Package*
The property comprises two interconnected industrial units of steel portal frame construction, with brick block elevations beneath a pitched roof incorporating translucent roof lights. Access is provided via an electric loading door and separate personnel doors on the front elevation of each unit, together with an additional loading door to the rear of Unit 14 and a fire exit serving each unit.
Internally, the units provide open plan accommodation, with an approx. eaves height of 3.1m and an apex height of approx. 4.8m. The spec includes lighting and three phase power. The offices are accessible both externally via a personnel door and internally from the warehouse, and benefit from WC facilities, wall-mounted electric heating (untested), lighting, and windows providing good natural light.
Externally, there are forecourts for loading and unloading in front of the loading doors and approx. 2,800 sq ft or rear yard.
Bluebridge Industrial Estate is located off Colchester Road (A1124), approximately 3/4 of a mile to the east of Halstead Town Centre. The estate benefits from good road communications, with the A1124 providing access to the A120 at Coggeshall and onward connections to the A12 at Colchester. The A131 is also readily accessible via Halstead town centre, linking with Braintree and the wider regional road network.
First Avenue is one of the principal estate roads within Bluebridge Industrial Estate, linking directly to Colchester Road (A1124) and providing convenient access throughout the estate.
ACCOMMODATION
[Approximate Gross Internal Floor Areas]
Unit 14: 7,804 sq ft [725.01 sq m] approx.
Unit 16: 6,944 sq ft [645.11 sq m] approx.
Total: 14,748 sq ft [1,370.12 sq m] approx.
TERMS
The premises are available to let either individually, or combined, on a new effective full repairing and insuring lease, with lease length and terms to be agreed as the following incentivised rents;
Unit 14 - Year one £53,700 , Year two £59,000, and Year three £64,400.
Unit 16 - Year one £47,775, Year two £52,500, and Year three £57,300.
Combined - Year one £101,475, Year two £111,500, and Year three £121,700.
Note: subject to a minimum three year unbroken lease term. The landlord may consider a lease with an option to purchase.
SERVICE CHARGE
We are advised that no service charge is applicable.
BUILDINGS INSURANCE
The buildings insurance is to be arranged by the landlord with the cost to be recovered from the tenant.
For the current year the approximate cost is £6,080.17 plus VAT.
BUSINESS RATES
The premises are currently assessed with the neighbouring unit 18 and are awaiting separate assessment.
Interested parties are advised to make their own enquiries.
ENERGY PERFORMANCE CERTIFICATE [EPC]
We have been advised that the premises fall within class B (50) for Unit 14 and class C (51) for Unit 16 of the energy performance assessment scale. A full copy of the EPC assessment is available upon request.
VAT
VAT will be applicable on the rent and service. All rents and prices are exclusive of VAT under the Finance act 1989.
LEGAL COSTS
Each party will bear their own legal costs.
ANTI-MONEY LAUNDERING REGULATIONS
Anti-Money Laundering Regulations require Fenn Wright to verify the identity, private residence and source of funds (where applicable) of prospective purchasers and tenants prior to solicitors being instructed. An administration fee is payable, and further details are available upon request.
VIEWINGS STRICTLY BY APPOINTMENT VIA JOINT LETTING AGENTS:
Fenn Wright
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