Chelmsford

Description 

• 12 industrial units of various sizes.

• Gross area approximately 2.3 acres/0.9 hectares (Land App).*

• Fully occupied.

• Gross rent of £290,763 per annum.

• WAULT of 4 years.

• Service charge payable by all tenants on an annual basis.

• Opportunity for enhanced rent in the short term.

• Single owner since construction in 1979. 

 * We have measured the site via digital mapping.

Location 

South Woodham Ferrers is located between the cities of Chelmsford and Southend on Sea. The settlement is accessed predominantly via the A130 which in turn is linked to the strategic A12, A127 and A13 highways via the A130 junction by road. South Woodham Ferrers also benefits from its own railway station with connections into London Liverpool Street via Wickford. The railway station is only 0.5 miles from the Blackall Industrial Estate by foot.

The Blackall Estate forms part of the wider South Woodham Ferrers industrial area. The Blackall Estate enjoys a prominent location fronting onto the main Burnham Road. The site benefits from its own private access from Hamberts Road allowing the freeholder complete control over the estate and its infrastructure.

The Occupiers 

A schedule of occupiers is available to download with the additional information. 

Tenancy Agreements

The tenancies for the site are predominantly long term agreements currently producing a gross rental income of £290,763 per annum. A number of the tenancies are either due for review or are due to come to an end within the next few years. This includes Smiths Environmental who occupy over half of the floor area on the site. The site has a WAULT of 4 years. The lease documents are available to view in the data room.  

Services

All mains services are believed to be supplied to the property. All interested parties should satisfy themselves in this respect.

Planning

The site is located in the local authority of Chelmsford City Council. The site is located immediately adjacent to a residential area which lies to the north west. All interested parties should satisfy themselves of existing and future planning potential. The planning documents associated with the site are available to view in the data room. 

Business Rates

The premises are registered with the Valuation Office Agency for Business Rates.

A breakdown of the rateable values of the units is included in the schedule of occupiers and in the data room.  

EPC 

EPC's ratings are included on the schedule of occupiers and in the data room. 

Method of Sale

The property is offered for sale freehold.

We have been instructed to accept UNCONDITIONAL offers only.

All offers must provide supporting documentation including proof of financial ability to purchase at the offer price and timescales for exchange and completion.

VAT

Sale of the property will be subject to VAT.

Viewing

Being an investment property all viewings must be strictly by appointment with sole agents Whirledge & Nott Ltd.  

Legal Costs

Each party to bear their own legal costs.

Anti Money Laundering

The purchaser will be required to satisfy anti money laundering regulations prior to solicitors being instructed.

Notice 

Whirledge & Nott does not have any authority to give representations or warranties in relation to the property. These particulars do not form part of any offer or contract. All descriptions, photographs and plans are for guidance only and should not be relied upon as statements or representations of fact. All measurements are approximate. No assumption should be made that the property has the necessary planning, building regulations or other consents. Whirledge & Nott has not carried out a survey nor tested any appliances, services or facilities. Purchasers must satisfy themselves by inspection or otherwise.