Unit 2, Hanbury Road Widford Industrial Estate Chelmsford Essex CM1 3AE

Unit 2, Hanbury Road
Widford Industrial Estate
Chelmsford
Essex
CM1 3AE

Freehold Industrial Ground Rent Investment

Let on new 125 year lease (approx.) from June 2016 (No Breaks)
5 yearly RPI linked rental increases (collared at 1% per annum and capped at 3% per annum)
Sublet and occupied by Booker Cash & Carry
Site area approximately 1.035 acres
Located on established Widford Industrial Estate with occupiers incuding Hertz, Magnet, Halfords, Topps Tiles and Volvo Cars
Excellent Road Communications - less than a mile from A414
For the Seller's Legal Pack, please click the Property Documents tab below

Lot
1
Auction
30th March 2017
Rent
£22,000 per Annum Exclusive
Status
Sold
Price
£589,000
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

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Freehold Industrial Ground Rent Investment

Let on new 125 year lease (approx.) from June 2016 (No Breaks)
5 yearly RPI linked rental increases (collared at 1% per annum and capped at 3% per annum)
Sublet and occupied by Booker Cash & Carry
Site area approximately 1.035 acres
Located on established Widford Industrial Estate with occupiers incuding Hertz, Magnet, Halfords, Topps Tiles and Volvo Cars
Excellent Road Communications - less than a mile from A414
For the Seller's Legal Pack, please click the Property Documents tab below

Lot 1
Auction 30th March 2017
Rent £22,000 per Annum Exclusive
Status Sold
Price £589,000
Sector
Ground Rent
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

Property Information

Location

Miles: Less than 2 miles south-west of Chelmsford, 28 miles north-east of Central London
Roads: A12, A127, A130
Rail: Chelmsford Railway Station
Air: Stansted Airport

Situation

The property is located on the northern side of Hanbury Road in the established Widford Industrial Estate, which lies less than a mile from A414 London Road which connects to the A12. Other occupiers on Widford Industrial Estate include Hertz, Magnet, Halfords, Topps Tiles, Volvo Cars and National Tyres and Autocare.

Tenure

Freehold.

Location

Miles: Less than 2 miles south-west of Chelmsford, 28 miles north-east of Central London
Roads: A12, A127, A130
Rail: Chelmsford Railway Station
Air: Stansted Airport

Situation

Tenure

Freehold.

Description

The property comprises a site area of about 1.035 acres upon which has been constructed a substantial industrial unit (currently being used as a cash & carry wholesale unit). The property has customer parking for approximately 26 cars.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

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

Description

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

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

Tenancy & Accommodation

Floor	Use	Site Area (Approx)		Tenant	Term	Rent p.a.x	Reviews
Ground	Warehouse/ Office/ Ancillary	1.035 Acres	(0.41 Hectares)	BEDELL CORPORATE TRUSTEES LIMITED AND ATRIUM TRUSTEES LIMITED ACTING AS JOINT TRUSTEES FOR GPCL (JERSEY) NO. 3 UNIT TRUST (1)	125 years, 5 months and 25 days from and including 30/06/2016 until 24/12/2141 on a full repairing and insuring lease	£22,000	30/06/2021 and five yearly thereafter (linked to RPI capped and collared between 1% and 3% per annum)
Totals		1.035 Acres	(0.41 Hectares)			£22,000