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For Sale: £350,000
Ford Road, Clacton On Sea, Essex, CO15
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Area
5013Sq Ft
The unit is located within the well-established Ford Road Industrial Estate in Clacton-on-Sea with excellent connection to major roadways, including the A133, offering convenient access to the A12 and A120.
Clacton-on-Sea railway station provides direct train links to Colchester, Chelmsford, and London Liverpool Street (approx. 90 mins).
The property is a detached purpose build industrial unit with profile metal sheet cladding to the walls and pitched roof. The minimum eaves height is 5.1m.
A roller shutter door in the font elevation leads to a forecourt giving access to Ford Road and providing a loading/ parking area.
The property has a gross internal area of 5,013 sq ft (465.8 sq m).
LEASE
The property is leased to Dalau Limited, for a term expiring on 24th March 2029 at a passing rent of £29,000 plus VAT per annum. The lease contains no break options, is inside The Act and imposes a full repairing and insuring obligation on the tenant which is limited by a schedule of condition.
COVENANT / TENANT
Incorporated in 1958, Dalau limited reported turnover for the year ending 31.03.24 of £14.6 Million and a net worth of £7.5 Million.
Dalau limited occupy adjoining property extending to over 20,000 sq ft and are a world class engineering company manufacturing precision machined components.
TERMS
Offers are invited in excess of £350,000 plus VAT.
BUSINESS RATES
We are advised that the premises have a rateable value, with effect from the 1st April 2023, of £23,750
ENERGY PERFORMANCE CERTIFICATE [EPC]
The property has an EPC rating of E (102). A full copy of the EPC assessment and recommendation report is available from our office upon request.
VAT
The property is elected to VAT. Prospective tenants should therefore be aware that VAT will be payable at the prevailing rate on the rent. Subject to status, a sale subject to T.O.G.C maybe available.
LEGAL COSTS
Each party will bear their own legal costs.
ANTI-MONEY LAUNDERING REGULATIONS
Anti-Money Laundering Regulations require Fenn Wright to formally verify prospective purchaser's identity, residence and source of funds prior to instructing solicitors.
VIEWINGS STRICTLY BY APPOINTMENT VIA SOLE SELLING AGENTS:
Fenn Wright
T: 01206 854545
E: [email protected]
Features
- Let To Very Low Risk Covenant (Experian)
- Lease Expiry March 2029
- No Lease Breaks
- Detached Freehold Unit
- Circa 8.4% G.I.Y.
Map
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Ford Road, Clacton On Sea, Essex, CO15
The unit is located within the well-established Ford Road Industrial Estate in Clacton-on-Sea with excellent connection to major roadways, including the A133, offering convenient access to the A12 and A120.
Clacton-on-Sea railway station provides direct train links to Colchester, Chelmsford, and London Liverpool Street (approx. 90 mins).
The property is a detached purpose build industrial unit with profile metal sheet cladding to the walls and pitched roof. The minimum eaves height is 5.1m.
A roller shutter door in the font elevation leads to a forecourt giving access to Ford Road and providing a loading/ parking area.
The property has a gross internal area of 5,013 sq ft (465.8 sq m).
LEASE
The property is leased to Dalau Limited, for a term expiring on 24th March 2029 at a passing rent of £29,000 plus VAT per annum. The lease contains no break options, is inside The Act and imposes a full repairing and insuring obligation on the tenant which is limited by a schedule of condition.
COVENANT / TENANT
Incorporated in 1958, Dalau limited reported turnover for the year ending 31.03.24 of £14.6 Million and a net worth of £7.5 Million.
Dalau limited occupy adjoining property extending to over 20,000 sq ft and are a world class engineering company manufacturing precision machined components.
TERMS
Offers are invited in excess of £350,000 plus VAT.
BUSINESS RATES
We are advised that the premises have a rateable value, with effect from the 1st April 2023, of £23,750
ENERGY PERFORMANCE CERTIFICATE [EPC]
The property has an EPC rating of E (102). A full copy of the EPC assessment and recommendation report is available from our office upon request.
VAT
The property is elected to VAT. Prospective tenants should therefore be aware that VAT will be payable at the prevailing rate on the rent. Subject to status, a sale subject to T.O.G.C maybe available.
LEGAL COSTS
Each party will bear their own legal costs.
ANTI-MONEY LAUNDERING REGULATIONS
Anti-Money Laundering Regulations require Fenn Wright to formally verify prospective purchaser's identity, residence and source of funds prior to instructing solicitors.
VIEWINGS STRICTLY BY APPOINTMENT VIA SOLE SELLING AGENTS:
Fenn Wright
T: 01206 854545
E: [email protected]