Unit 44 The Vintners Temple Farm Industrial Estate Southend Essex SS2 5RZ

  • Unit 44 The Vintners<br>Temple Farm Industrial Estate<br>Southend<br>Essex<br>SS2 5RZ

Unit 44 The Vintners
Temple Farm Industrial Estate
Southend
Essex
SS2 5RZ

Freehold Industrial/Warehouse Investment

  • Well Located Industrial/Warehouse Unit on the established Temple Farm Industrial Estate
  • Let to Waverley Brownall Limited with a guarantee from Team Precision Engineering Limited
  • Located close to London Southend Airport
  • VAT free investment
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    54
  • Auction
    8th December 2016
  • Rent
    £15,000 per Annum Exclusive
  • Status
    Sold
  • Price
    £260,000
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On behalf of CBRE Receivers
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Freehold Industrial/Warehouse Investment

  • Well Located Industrial/Warehouse Unit on the established Temple Farm Industrial Estate
  • Let to Waverley Brownall Limited with a guarantee from Team Precision Engineering Limited
  • Located close to London Southend Airport
  • VAT free investment
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot 54
  • Auction 8th December 2016
  • Rent £15,000 per Annum Exclusive
  • Status Sold
  • Price £260,000
  • Sector
    Industrial, Warehouse
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On behalf of CBRE Receivers

Property Information

Location
Miles
20 miles south-east of Chelmsford, 36 miles east of Central London
Roads
A127, A130
Rail
Prittlewell Railway Station
Air
London Southend Airport
Situation

The property is situated on the established Temple Farm Industrial Estate, located less than one kilometre from London Southend Airport. London Southend Airport has undergone expansion with an extension to the passenger terminal opened to the public in March 2014. Passenger numbers are set to increase to two million per year by 2020. Nearby occupiers on Temple Farm Industrial Estate include Eurocell, Howdens Joinery, Temple Furniture, DRS Heating and Plumbing Merchants, Rainbow Design Essex and a number of independent occupiers.

Tenure

Freehold.

Location
Miles
20 miles south-east of Chelmsford, 36 miles east of Central London
Roads
A127, A130
Rail
Prittlewell Railway Station
Air
London Southend Airport
Situation

The property is situated on the established Temple Farm Industrial Estate, located less than one kilometre from London Southend Airport. London Southend Airport has undergone expansion with an extension to the passenger terminal opened to the public in March 2014. Passenger numbers are set to increase to two million per year by 2020. Nearby occupiers on Temple Farm Industrial Estate include Eurocell, Howdens Joinery, Temple Furniture, DRS Heating and Plumbing Merchants, Rainbow Design Essex and a number of independent occupiers.

Tenure

Freehold.

Description

The property comprises an industrial/warehouse unit with a roller shutter
doors and a service yard at the front.

VAT

VAT is not applicable to this lot.

Note

This property is being marketed for sale on behalf of Fixed Charge 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 Fixed Charge Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Fixed Charge Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.

Completion Period

Six Week Completion

EPC

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

Description

The property comprises an industrial/warehouse unit with a roller shutter
doors and a service yard at the front.

VAT

VAT is not applicable to this lot.

Note

This property is being marketed for sale on behalf of Fixed Charge 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 Fixed Charge Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Fixed Charge Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.

Completion Period

Six Week Completion

EPC

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

Tenancy & Accommodation

Lot Unit Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x Review/(Reversion)
54 44 Ground Workshop/Office
202.30 sq m
(2,178 sq ft)
 WAVERLEY BROWNALL
LIMITED (1) with a Guarantee from
TEAM PRECISION ENGINEERING
LIMITED (2) (t/a Waverley Brownall)		 Approximately 5 years and 3
months from 21/03/2016		 £15,000 21/03/2019
(17/06/2021)

(1) Established in 1929, with headquarters in Essex, UK, Waverley Brownall is a leading global manufacturer and supplier of high-pressure compression fittings, valves, and bespoke instrumentation products. Waverley Brownall is a primary supplier of stainless steel pipe fittings, compression fittings and valves to the Britannia offshore platform, the Centrica Gas storage facility at Easington and the Conocophillips Humberside Refinery (Source: www.waverleybrownall.co.uk 24/10/2016).
(2) For the year ending 31st March 2016, Team Precision Engineering Limited reported a net worth of £1,333,670 (Source: Experian Group 14/11/2016).

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
Seller's Solicitors
Walker Morris LLP Kings Court, 12 King Street
Leeds
LS1 2HL
Natasha Mirzabaigian 0113 283 2500natasha.mirzabaigian@walkermorris.co.uk

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

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