The property comprises a single story office section to the front elevation with two interconnecting industrial/warehouse units to the rear. The warehouse on the left hand side has a minimum eaves height of 6.10m and has a loading door measuring 3.70m wide and 3.24m high. The warehouse on the right hand side a minimum eaves height of 3.90m and has a loading door measuring 4.25m wide and 4.00m high. Both warehouses benefit from a mezzanine together with three phase power and gas blower heaters (not tested). The office section comprises a mix of individual and open plan offices together with reception, server room, kitchenette and male and female WC facilities. Externally there is a secure gated yard on the left hand side and a secure parking area on the right hand side in front of the offices. Parking is currently provided for approximately 12 vehicles, however this could be increased by utilising the grass area as shown in the images provided. Please refer to the floor plan for further information.
Location
The property is situated at the end of Swinbourne Drive on the popular Springwood Industrial Estate, which provides the main commercial and industrial offering within the Braintree area. The A120 dual carriageway is less than one mile distant which provides convenient access to the M11 and Stansted Airport. Braintree is served by a rail connection to London Liverpool Street via Chelmsford with a journey time of approximately 60 Minutes. In addition nearby Stansted Airport provides a rail connection with London of approximately 45 minutes via the Stansted Express.
Accommodation
The approximate Gross Internal Area is as follows:
Warehouse 1,502.60 sq. m 16,174 sq. ft.
Mezzanine 347.64 sq. m 3,742 sq. ft.
Rear Store 61.87 sq. m 666 sq. ft.
Offices 188.87 sq. m 2,033 sq. ft.
Total 2,100.98 sq. m 22,615 sq. ft.
Services
We understand the property is connected to mains water, drainage, gas and three phase electricity. We have not tested any of the services and all interested parties should rely upon their own enquiries with the relevant utility company in connection with the availability and capacity of all of those serving the property including IT and telecommunication links
Business Rates
Rateable Value - £76,000
Rates Payable (2022/23) - £38,912 Approx.
Tenancy
The property is let on a full repairing and insuring lease for a term of 10 years which is set to expire on the 30 September 2023. We understand the lease is contracted outside the security of tenure provisions of the landlord and tenant act. The lease is subject to a photographic schedule of condition.
Buildings Insurance
The buildings insurance is arranged by the landlord with the cost recovered from the tenant.
Local Authority
Braintree District Council
T. 01376 552525
Title Number
EX727762
Terms
The property is available For Sale Freehold subject to the existing lease.
Guide Price
£2,250,000 (Two Million Two Hundred and Fifty Thousand Pounds)
VAT
We understand VAT is applicable, however it is anticipated the transaction will be treated as a transfer of a going concern (TOGC) and VAT will not be payable. It will be the purchasers responsibility to satisfy themselves the transaction qualifies.
Legal Costs
Each party to 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.
EPC
We have been advised the unit falls within band D (81) of the energy performance assessment scale. A full copy of the EPC assessment and recommendation report is available upon request.
Viewing
Strictly by appointment with the sole agent:
James Wright E: jw@fennwright.co.uk
John Logan E: jdl@fennwright.co.uk
( Agency Pilot Software ref: 14869858 )
