COMMERCIAL PROPERTY SPECIALISTS

COMMERCIAL PROPERTY SPECIALISTS
Branch Associates

Thurrock Office: 01708 860696

Maldon Office: 01621 855725

Branch Associates

Thurrock Office: 01708 860696

Maldon Office: 01621 855725

Branch Associates

Thurrock Office: 01708 860696

Maldon Office: 01621 855725

UNITS, OTHER

INSTRUCTIONS

Unit 3 Lamson Road - Industrial End terrace unit approx. 11,515 sq ft FOR INVESTMENT

For Sale

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Location

The premises form part of an established industrial area lying immediately to the North of the A13 providing access to the National Motor Way system via junctions 30/31 of the M25, approximately 4.7 miles distant. The Train Station is within walking distance and provides a service to London (Fenchurch Street) in approximately 25 minutes.


The property

A semi-detached factory/warehouse fronted by two storey office/ancillary accommodation with internal first floor and mezzanine throughout. There are 2/3 car spaces to the front as well as a loading area.

The unit is of steel frame construction beneath a lined insulated roof incorporating translucent panels. The front elevation is part facing brick and profile cladding. Loading is provided via an electrically operated loading door.

The maximum eaves height is approx. 6.0m being approx. 3.3m beneath the first floor/mezzanine and an apex height of approx. 6.25m at mezzanine level. Works toilets, office, and disabled persons toilets occupy the ground floor section to the front. Open plan offices with toilet and staff room with separate toilet are situated at first floor.

The property benefits from 3-phase power, mains water and mains drainage.


Accommodation The approximate gross internal floor area is:

Ground floor                           sq ft                      sq m

Offices/ancillary                     683                        63.5

Factory                                   5,127                      476.8

First floor

Office/ancillary                        844                        78.4

Concrete first floor               3,223                      299.7

Total GIA                               9,877                      918.5

Mezzanine                            1,638                      152.3


Tenure

Freehold for sale subject to lease as below.


Lease

Our Client, D & D Commercial Services Ltd. is proposing to enter into a new full repairing (subject to Schedule of Condition) and insuring lease for 15 years at an initial rent of £90,000 pax, subject to rent reviews every 5th anniversary.


Covenant

D & D Commercial Services Ltd (Company no. 05986518) was incorporated in 2006 being engaged in the manufacture of retread commercial vehicle tyres. In the year to 30th September 2021, the turnover was c£644,000 with a Gross Profit of c£117,000. Copy accounts are available on request. The Company’s Creditsafe rating is C36.


Proposal

Offers in excess of £1,235,000 are sought for the freehold interest, subject to the lease as described.  A purchase at this level represents a NIY of 7.28% allowing for costs at 4.75%. VAT is payable on the sale price.


Legal costs

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


Energy Performance Certificate

In the process of being prepared.


Money Laundering Regulations

Due to recent money laundering regulations, all Tenants and Purchasers when making an offer on a property will need to provide a copy of their current Passport photo page and a recent Utility Bill confirming their current address.


Agent’s Note

All figures are quoted exclusive of VAT.

No warranty is given in respect of the current planning use and none of the amenities or fixtures and fittings have been tested.


Enquiries/viewing

Strictly by prior arrangement with sole agents Branch Associates on 01708 860696/ 07775 804842 or jb@branchassociates.co.uk Contact Johnathan Branch

Enquiries/viewing
Please contact us on
01708 860696
07775 804842
or email: jb@branchassociates.co.uk
UNITS, OTHER

INSTRUCTIONS

Unit 3 Lamson Road - Industrial End terrace unit approx. 11,515 sq ft FOR INVESTMENT

For Sale

Location

The premises form part of an established industrial area lying immediately to the North of the A13 providing access to the National Motor Way system via junctions 30/31 of the M25, approximately 4.7 miles distant. The Train Station is within walking distance and provides a service to London (Fenchurch Street) in approximately 25 minutes.


The property

A semi-detached factory/warehouse fronted by two storey office/ancillary accommodation with internal first floor and mezzanine throughout. There are 2/3 car spaces to the front as well as a loading area.

The unit is of steel frame construction beneath a lined insulated roof incorporating translucent panels. The front elevation is part facing brick and profile cladding. Loading is provided via an electrically operated loading door.

The maximum eaves height is approx. 6.0m being approx. 3.3m beneath the first floor/mezzanine and an apex height of approx. 6.25m at mezzanine level. Works toilets, office, and disabled persons toilets occupy the ground floor section to the front. Open plan offices with toilet and staff room with separate toilet are situated at first floor.

The property benefits from 3-phase power, mains water and mains drainage.


Accommodation The approximate gross internal floor area is:

Ground floor                           sq ft                      sq m

Offices/ancillary                     683                        63.5

Factory                                   5,127                      476.8

First floor

Office/ancillary                        844                        78.4

Concrete first floor               3,223                      299.7

Total GIA                               9,877                      918.5

Mezzanine                            1,638                      152.3


Tenure

Freehold for sale subject to lease as below.


Lease

Our Client, D & D Commercial Services Ltd. is proposing to enter into a new full repairing (subject to Schedule of Condition) and insuring lease for 15 years at an initial rent of £90,000 pax, subject to rent reviews every 5th anniversary.


Covenant

D & D Commercial Services Ltd (Company no. 05986518) was incorporated in 2006 being engaged in the manufacture of retread commercial vehicle tyres. In the year to 30th September 2021, the turnover was c£644,000 with a Gross Profit of c£117,000. Copy accounts are available on request. The Company’s Creditsafe rating is C36.


Proposal

Offers in excess of £1,235,000 are sought for the freehold interest, subject to the lease as described.  A purchase at this level represents a NIY of 7.28% allowing for costs at 4.75%. VAT is payable on the sale price.


Legal costs

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


Energy Performance Certificate

In the process of being prepared.


Money Laundering Regulations

Due to recent money laundering regulations, all Tenants and Purchasers when making an offer on a property will need to provide a copy of their current Passport photo page and a recent Utility Bill confirming their current address.


Agent’s Note

All figures are quoted exclusive of VAT.

No warranty is given in respect of the current planning use and none of the amenities or fixtures and fittings have been tested.


Enquiries/viewing

Strictly by prior arrangement with sole agents Branch Associates on 01708 860696/ 07775 804842 or jb@branchassociates.co.uk Contact Johnathan Branch

Enquiries/viewing
Please contact us on
01708 860696
07775 804842
or email: jb@branchassociates.co.uk

DOWNLOAD PROPERTY INFORMATION

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©2022
 Branch Associates Ltd
Privacy Policy
Website by
www.labanbrowndesign.co.uk