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Warners Mill, Braintree

Withdrawn from Market £900,000
6,387 sq. ft.

Property Description

Commercial information

  • 6,387 sq ft (593 sq m)

Full description

Tenure: Freehold

Warners Mill is situated in the centre of Braintree, off South Street and within a short walk from Braintree railway station.

Braintree is an expanding market town with an ever-increasing population and catchment area. The town centre has a wide selection of retail units within the George Yard Shopping Centre and a further range of shops at the Freeport Designer Village which is located close to the A120.

The vacant space available is Units 1 and 2. These are located on ground floor level and provide predominately open plan office space with high ceilings and excellent natural light. Both units have male and female toilets together with a tea point. Unit 2 also has a disabled toilet.

Macquarie Energy Leasing occupy Units 3 and 4 on first floor level. The whole of the first floor has been recently refurbished and includes a full air conditioning system. Unit 3 is mainly open plan, having excellent natural light with windows running the entire length on both sides of the property. The space is split into two areas by an attractive timber framed glazed screen. Unit 3 has a small kitchen, two small cellular offices and a board room. Between unit 3 and 4 there are male and female toilets. Both units are interconnecting and a second staircase serves unit 4. Unit 4 has an open plan area, two separate fully glazed offices and a small kitchen.

Units 1 & 2 benefit from 11 car parking spaces. Units 3 & 4 have 13 allocated car parking spaces. The whole building is Grade II listed.

The approximate net internal areas are as follows:

Unit 1 548 sqft (50.95 sqm)
Unit 2 2171 sqft (201.67 sqm)
Unit 3 2500 sqft (232.2 sqm)
Unit 4 1168 sqft (108.56 sqm)
Total 6387 sqft (593.48 sqm)

All main services are available. Please note Joscelyne Chase has not tested any of these services.

The freehold of the whole building is available at £900,000, subject to the existing lease on Units 3 and 4.

Macquarie Energy Leasing Ltd have taken a lease on the property for a 10 year term from 7th May 2013, which expires on 6th May 2023. Rent payable is £49,162 per annum, payable quarterly in advance. There is a rent review date on 6th May 2018. The tenant has a right to break on 6th May 2017, subject to six months prior written notice, and thereafter has a rolling right to break, where a minimum of 9 months prior written notice must be given. The lease is outside the security of tenure provisions of the Landlord and Tenant Act.
Repairing covenants are restricted to a schedule of condition.

The rateable value for Units 1 and 2 is £21,000.
The rateable value for Units 3 and 4 is £30,000.
The tenant of Units 3 and 4 is responsible for paying their own business rates.

VAT is payable on sums due.

Each party is responsible for their own legal costs.

There is a service charge payable which the tenant of Units 3 and 4 contributes to. For more information, please contact Joscelyne Chase.

Viewing strictly by prior appointment with Joscelyne Chase. Please contact the Commercial Department on 01376 322222.

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