Light industrial for sale in Finch Drive, Braintree CM7

Offers over £650,000 (£120.75/sq. ft)
Light industrial for sale 5,383 sq. ft*
Interested in this property? Call +44 1376 538236 * or Request Details

* Calls to this number will be recorded for quality, compliance and training purposes.

Property description



Location
Finch Drive is the 6th turning on the right off of Springwood Drive. Springwood Industrial estate is located on the western outskirts of Braintree with quick access to the A120.

Description
The warehouse is of steel portal frame construction providing clear storage space with an eaves height of 17ft 6in (5.36m)rising to 25ft ( 7.73m) at the ridge. The warehouse benefits from fluorescent lighting, a single roller shutter loading door and roof lights.

The offices have been constructed within the warehouse at the front of the property. A separate entrance leads into a reception area, single office, male and female toilets and a kitchen. Stairs lead up to two offices at first floor level.

Accommodation
Warehouse 4,337 sq ft (403 sq m)
Ground Floor Offices 523 sq ft (48.5 sq m)
First Floor Offices 523 sq ft (48.5 sq m)

total: 5,383 sq ft (500 sq m)

services
The property has mains electricity, gas, water and drainage.

Terms
The subject property is let to UK Tapes Ltd until December 2023 at a rent passing of £25,000 per annum. The lease is drawn outside the Security of Tenure provisions of the Landlord and Tenant Act 1954.

We would estimate that the open market rental value of the property is currently in excess of £47,000 per annum.

Offers in excess of £650,000 plus VAT are sought for the freehold interest subject to the existing lease.

Outgoings
The rateable value of the subject property is £24,750.

Legal costs
Each party is responsible for their own legal costs.

Viewing
Strictly by appointment with Joscelyne Chase, please contact the Commercial Department

* Sizes listed are approximate. Please contact the agent to confirm actual size.

Arrange Viewing

For more information about this property, please contact
Joscelyne Chase, CM7 on +44 1376 538236 * (local rate)

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Joscelyne Chase, and do not constitute property particulars. Please contact Joscelyne Chase for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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