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
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.
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
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.
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
(1) The property is currently sublet to a tenant trading as Booker Cash & Carry for a term expiring in February 2030.
