Office/business unit Investment 17,362 sq ft (1614.6 sq m) with 63 car spaces FREEHOLD FOR SALE

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Location
Benbridge Industrial Estate is less than a mile from Maldon’s High Street and within 5 miles of the A12 at Hatfield Peverel. Various neighborhood facilities are within walking distance. A train line is available at Hatfield Peveral, providing a service to London (Liverpool Street) in approx. 42 minutes.

Maldon is a popular market town with a district population of approximately 60,000.

The property
Endeavour House is a self-contained four-storey office building constructed in March 1989 with 39 designated car spaces. It is air-conditioned and served by a passenger lift. The specification includes double glazing, gas central-heating, LED lighting and includes a goods in area to ground floor.

Units 1A-E is a terrace of 5 two-storey business units with 24 car spaces.

Floor and site plans are available on request.

Accommodation The approximate floor areas are:
Accommodation Sq ft Sq m
Endeavour House 11,876 1,104
Unit 1a 953 88.6
Unit 1b 1,184 110.1
Unit 1c & 1d 2,172 201.9
Unit 1e 1,177 109.4
Total 17,362 1,614.6

Tenure
Freehold for sale subject to leases as shown on the attached tenancy schedule. Note: the information has been provided by our client directly and copy leases are available on request.

Covenant
72.5% of the rental income is guaranteed by Rolls-Royce Solutions UK Ltd. In the year to 31st December 2024, the company had a revenue of £220,712,000 and profit before tax of £25,402,000. Net current assets were £35,692,000.

Units 1A-E are let to four local covenants.

Proposal
The price has been reduced from £2,500,000 to £2,200,000. A purchase at this level represents a NIY of 8.2% allowing for costs at 5.6%. Sale by way of a TOGC for which copy accounts are available to named principals only.

Legal costs
Each party is to be responsible for the payment of their own legal costs incurred.

Energy Performance Certificates (EPCs)
The EPC ratings are as follows:
Endeavour House – C61 expiring Feb 2033
Unit 1a – C56 expiring Aug 2032
Unit 1b – C63 expiring Aug 2032
Unit 1c – C57 expiring Sept 2032
Unit 1d – C52 expiring Sept 2032
Unit 1e – C55 expiring Sept 2032

Asbestos Surveys
Available on request.

Agent’s Note
All figures quoted are exclusive of VAT (if applicable)
No warranty is given in respect of the current planning use.
None of the amenities or fixtures and fittings have been tested.
The floor and areas have been provided by our clients and should be verified on site in due course.

Enquiries/viewing
Strictly by prior arrangement with sole agents Branch Associates on 01708 860696 or jb@branchassociates.co.uk Contact Johnathan Branch