Osprey House, Colchester Road Hedgerows Business Park Chelmsford Essex CM2 5PB

  • Osprey House, Colchester Road<br>Hedgerows Business Park<br>Chelmsford<br>Essex<br>CM2 5PB

Osprey House, Colchester Road
Hedgerows Business Park
Chelmsford
Essex
CM2 5PB

Freehold Office Investment

  • Entirely let to Secretary of State for Communities and Local Government
  • Approximately 2,039.40 sq m (21,953 sq ft) let on two leases (renewals) from 2014
  • Re-based Rents
  • Strategically located close to A12
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    20
  • Auction
    19th May 2016
  • Rent
    £358,924 per Annum Exclusive
  • Status
    Withdrawn Prior
  • Price
     
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • By Order of CBRE
Important UpdateInterested?
  • Expand
  • Photos
  • Map

Freehold Office Investment

  • Entirely let to Secretary of State for Communities and Local Government
  • Approximately 2,039.40 sq m (21,953 sq ft) let on two leases (renewals) from 2014
  • Re-based Rents
  • Strategically located close to A12
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot 20
  • Auction 19th May 2016
  • Rent £358,924 per Annum Exclusive
  • Status Withdrawn Prior
  • Price  
  • Sector
    Office
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • By Order of CBRE

Property Information

Location
Miles
20 miles north-east of Romford, 38 miles north-east of Central London
Roads
A12, A130, A414, A4060
Air
London Stansted Airport
Situation

The property is situated within the established Hedgerows Business Park in the Springfield district of Chelmsford. The business park is strategically located being adjacent to the A130, which connects to the A12, an arterial route connecting Central London with Colchester. Chelmsford Station is located about 2 miles away. Other occupiers on the business park include Mercedes Benz Chelmsford, NHS England, Skills Funding Agency, Scottish Equitable Plc and Glyn Hopkin Honda Chelmsford. Other occupiers in the area include Sainsbury's Supermarket, Aldi, Barratt Homes, Parcelforce and B&Q.

Tenure

Freehold.

Location
Miles
20 miles north-east of Romford, 38 miles north-east of Central London
Roads
A12, A130, A414, A4060
Air
London Stansted Airport
Situation

The property is situated within the established Hedgerows Business Park in the Springfield district of Chelmsford. The business park is strategically located being adjacent to the A130, which connects to the A12, an arterial route connecting Central London with Colchester. Chelmsford Station is located about 2 miles away. Other occupiers on the business park include Mercedes Benz Chelmsford, NHS England, Skills Funding Agency, Scottish Equitable Plc and Glyn Hopkin Honda Chelmsford. Other occupiers in the area include Sainsbury's Supermarket, Aldi, Barratt Homes, Parcelforce and B&Q.

Tenure

Freehold.

Description

The property comprises an office building arranged on the ground, first and second floors. The property is mainly open plan and benefits from suspended ceilings, raised flooring, VRV air conditioning and kitchen facilities on each floor. There is car parking for approximately 88 cars which provides a car parking ratio of 1:249 sq ft. The approximate site area is 1.189 acres equating to a low site coverage of 18.36%.

NB: As to the VAT status please refer to the special conditions.

Six Week Completion

Note
This property is being marketed for sale on behalf of Joint Law of Property Act Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Joint Law of Property Act Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Joint Law of Property Act Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability

VAT

VAT is applicable to this lot.

Viewings

There will be a block viewing for this property. Interested parties must register their details with the Auctioneers and provide identification on site. Please contact Georgina Roberts. Telephone: +44 (0)20 7034 4863.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises an office building arranged on the ground, first and second floors. The property is mainly open plan and benefits from suspended ceilings, raised flooring, VRV air conditioning and kitchen facilities on each floor. There is car parking for approximately 88 cars which provides a car parking ratio of 1:249 sq ft. The approximate site area is 1.189 acres equating to a low site coverage of 18.36%.

NB: As to the VAT status please refer to the special conditions.

Six Week Completion

Note
This property is being marketed for sale on behalf of Joint Law of Property Act Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Joint Law of Property Act Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Joint Law of Property Act Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability

VAT

VAT is applicable to this lot.

Viewings

There will be a block viewing for this property. Interested parties must register their details with the Auctioneers and provide identification on site. Please contact Georgina Roberts. Telephone: +44 (0)20 7034 4863.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x Reversion
Ground Office/Reception
691.70 sq m
(7,445 sq ft)
 SECRETARY OF STATE FOR
COMMUNITIES AND LOCAL
GOVERNMENT		 5 years from 10/01/2014 £119,955 09/01/2019
First
Second		 Office
Office
675.00 sq m
672.70 sq m
(7,266 sq ft)
(7,241 sq ft)
 SECRETARY OF STATE FOR
COMMUNITIES AND LOCAL
GOVERNMENT		 5 years from 10/01/2014 £238,969 09/01/2019
Totals  
2,039.40 sq m
(21,952 sq ft)
     £358,924  

Contacts

Seller's Solicitors
Trowers & Hamlins The Senate, Southernhay Gardens
Exeter
EX1 1UG
Simon Bryning 0207 423 8194sbryning@trowers.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk
Property InsuranceBrown & BrownNatasha WardBroking Director+44 7545 208 759bbrown.com

You may also be interested in

By clicking the Submit button I confirm that I would like to get updates on this Property. Please email me updates when they are published.

If you have a query, please fill in the box below, otherwise click the Submit button.

You have 200 character(s) left.

We will keep you updated about lot xthis property.

In the meantime, if you would like to speak to the Surveyor about this property, please call on .

Are you sure you want to remove this property from your Watch List?

Are you sure you are no longer interested in this property?

Are you sure you want to delete your Account?