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For Sale: £375,000

Sold

13 Second Avenue, Bluebridge Industrial Estate, Halstead, Essex, CO9

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Property Image
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  • Area

    area
    4876Sq Ft

Location
The property is situated on Second Avenue, on the Bluebridge Industrial Estate, which predominantly comprises warehouse and production buildings of a similar type.

The Bluebridge Industrial Estate is located approximately 3/4 of a mile from Halstead Town Centre on the A1124, which is the main road between Halstead and the A120 at Coggeshall and the A12 at Colchester.

Description
The main building and warehouse is detached and of steel portal frame construction with brick walls, and a replacement pitched, profile metal sheet covered roof. The warehouse has a minimum eaves height of 3.85m.

There is a small single storey office provision adjoining the front elevation, adjacent to W/C facilities, with the remainder of the property comprising a clear span warehouse. To the rear of the property is a more modern canopied loading/unloading area with a 4.2m minimum eaves height. The property also benefits from a fully surfaced side yard.

Accommodation
(Approximate measurements)
Warehouse / Offices GIA 4,876 sq ft (453 sq m)
Canopy 1,840 sq ft (171 sq m)
Total 6,716 sq ft (624 sq m)

Business Rates
There is no individual business rates assessment for this property, which is rated with the adjoining property which is also occupied by the tenant.

Energy Performance Certificate (EPC)
The property benefits from a class D (84) certification.

A full copy of the EPC assessment and recommendation report is available from our office upon request.

Tenancy and Covenant
The property is leased to Brooks Transport Services Ltd, a substantial logistics business incorporated in 1993 and with an April 2020 declared net worth of £1.2million. The tenant carries an Experian credit rating of 100/100 and a 'very low risk' rating.

The lease is for an 8 year term expiring 7th May 2028, and contains a tenant only break clause and upward only rent review with effect from 8th May 2024.

Lease Terms
The lease imposes a full repairing liability upon the tenant limited by Schedule of Condition. The annual rent with effect from 8th May 2021 is £23,500 per annum. A copy of the lease is available upon request.

VAT
The property is not VAT elected.

Legal Costs
Each party will bear their own legal costs in the transaction.

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.

Terms
Offers are invited in excess of £375,000.

Viewing
Strictly by appointment via sole agents. A full virtual tour is available, please contact the selling agent to secure access to it.

Fenn Wright
01206 854545
fennwright.co.uk
colchestercommercial@fennwright.co.uk

Features

  • High Quality Warehouse Investment Opportunity
  • 8 Year Lease Expiring 07.05.2028
  • Rent Reserved at £23,500 PA
  • Rent Review 08.05.2024
  • Side Concrete Yard Plus Rear Canopy
  • Prominent Roadside Location
  • EPC Rating - D (84)

Floor plan

Floorplan Image

Floorplan Image

Map

Call our

Development team on

01206 216 565
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