For Sale

Church Road, Little Bentley, CO7

Guide Price

£475,000

Description

  • Type: Industrial
  • Producing an immediate rental income
  • Total accommodation of 7,898 sq ft (GIA) across two units
  • Adjoining land extending to approximately 0.70 acres
  • Previous planning consent for additional commercial units and equestrian use
  • Three phase electricity and mains water
  • Conveniently located to A133 to Clacton on Sea and A120 to Harwich

Location
The premises is located on Church Road, Little Bentley. Positioned within a small cluster of properties, the site enjoys a pleasant semi-rural setting whilst benefitting from good connectivity to nearby towns and road infrastructure.

Description
The premises comprises a workshop of steel portal frame with blockwork and fibre cement cladding to eaves. At present, the unit is divided into two units, with Unit 3 benefitting from tenant in occupation. Unit 4 is currently vacant. The approximate gross internal areas are:

Unit 3
Ground Floor - 2,819 sq.ft First Floor Storage - 803 sq.ft

Unit 4
Ground Floor - 1,941 sq.ft First Floor - 2,335 sq.ft

Adjoining Land
Adjoining the unit is a further area of land measuring 0.70 acres or thereabouts. This land has previously been approved for the erection of a further warehouse, erection of three B1 units and the erection of stables and to use the land for equestrian purposes. Therefore the land holds further potential, subject to planning. The land is currently down to grass.

Passing Rent
The tenant of unit 3 is currently paying a passing rent of £33,804 per annum.

Terms
The whole of the freehold interest is available for offers in excess of £475,000.

Service Charges
No service charges are payable.

Business Rates
Unit 3 has a Rateable Value of £11,250. Unit 4 is not currently rated. Interested parties are advised to make their own enquiries with the local rating authority to confirm their liabilities.

Legal Costs
Each party will be responsible for their own legal costs.

Anti-Money Laundering Regulations
Anti-Money Laundering Regulations require Cottrells Property to formally verify prospective purchaser’s identity, residence and source of funds prior to instructing solicitors.

VAT
We are advised that VAT is not applicable.

Energy Performance Certificate
The premises is exempt due to it's nature and lack of space heating.

Site Plan
The site plan is provided for identification purposes only.

Location