Guide Price
£1,100,000
Commercial Property
Light Industrial Wethersfield
Investment Oppotunity For Sale
Overstrand Garage, Hudsons Hill, Hedingham Road, Wethersfield, Braintree, Essex,CM7 4EH
Workshop and Office premises with an additional yard space expanding over 0.18ha with a long term, secure tenant within occupation.
Rayleigh OFFICE
For further information or to arrange to view this property please call
Ref: AHO/5150Key Information
Additional Information
Details
Investment opportunity for sale in Wethersfield. The site expands across 0.18ha* and comprises of two large commercial units as well as some additional concrete yard space.
Unit 1 - The largest of the two commercial properties on site measuring 4,857 square feet in total. This property merges both modern office accommodation alongside a spacious workshop/warehouse.
The office is set upon two floors, with the ground floor housing the staff room, kitchen, toilet facilities and two offices. Upstairs accommodates a board room, director office as well as some open plan office space. The entire office is fitted with air conditioning, oil fired heating and LED lighting. There is large amounts of natural light making it a pleasant working environment.
The workshop/warehouse offers a spacious ground floor space with reasonable eave heights, despite having the additional benefit of a mezzanine floor. The workshop/warehouse is fully insulated with LED lighting and 2 up and over doors. The workshop/warehouse space is equipped with 3-phase electrics and heavy duty single phase electrics.
Unit 2 - This property is used as a workshop and measures 2,502 square feet. It benefits from having 4.62m eave heights and 5.16m ridge heights. The unit is fully insulated with LED lighting, 3-phase electrics and heavy duty single phase electrics. The workshop also benefits from having two large up and over doors (5.75m wide).
Key Points -
- Modern office accommodation
- Staff room and kitchen
- Male & Female toilets
- Board room & directors office
- 3 phase and heavy duty single phase electrics
- Air conditioning and oil fired central heating
- Fully insulated
- Up & over shutter doors
- Gross rent of £81,000 per annum
- Current lease expires in March 2029
*We have measured the site using ordinance survey.
Location
The property is located on Hudsons Hill in Wethersfield, within the Braintree District of Essex. Wethersfield is an attractive and well-established village situated approximately 7 miles north-west of Braintree, 12 miles south-east of Saffron Walden and 15 miles north of Great Dunmow, providing convenient access to the wider Essex and Hertfordshire road network.
The village offers a range of local amenities including a village hall, church and primary school, whilst the nearby market town of Braintree provides an extensive range of retail, leisure and banking facilities together with a mainline railway station offering regular services to London Liverpool Street.
The location benefits from good road communications, with the A120 approximately 8 miles to the south providing links to the M11 motorway, Stansted Airport and the national motorway network. The surrounding area is characterised by a mix of agricultural land, commercial enterprises and rural businesses, making it a well-established location for commercial and industrial occupiers seeking a countryside setting with convenient regional accessibility.
Tenancy Agreements
The tenancy for the site is a 10 year lease agreement with approximately 2 years and 8 months remaining, currently producing a gross rental income of £81,000 per annum. The lease documents are available upon request. .
Services
All mains services are believed to be supplied to the property. All interested parties should satisfy themselves in this respect. The property had a macerator fitted in 2024.
Planning
The site is located in the local authority of Braintree District Council. All interested parties should satisfy themselves of existing and future planning potential. There have been multiple planning applications with relation to the property, those include -
Business Rates
The premises are registered with the Valuation Office Agency for Business Rates.
The current rateable value of the property is £21,750 - Summary valuation - Valuation Office - GOV.UK
EPC
The properties have the below EPC ratings -
Unit 1 - D (80D)
Unit 2 - C (51C)
Method of Sale
The property is offered for sale freehold.
We have been instructed to accept UNCONDITIONAL offers only.
All offers must provide supporting documentation including proof of financial ability to purchase at the offer price and timescales for exchange and completion.
VAT
Sale of the property is not subject to VAT.
Viewing
Being an investment property all viewings must be strictly by appointment with sole agents Whirledge & Nott Ltd.
Legal Costs
Each party to bear their own legal costs.
Anti Money Laundering
The purchaser will be required to satisfy anti money laundering regulations prior to solicitors being instructed.
Legal
Notice
Whirledge & Nott does not have any authority to give representations or warranties in relation to the property. These particulars do not form part of any offer or contract. All descriptions, photographs and plans are for guidance only and should not be relied upon as statements or representations of fact. All measurements are approximate. No assumption should be made that the property has the necessary planning, building regulations or other consents. Whirledge & Nott has not carried out a survey nor tested any appliances, services or facilities. Purchasers must satisfy themselves by inspection or otherwise.
There is a right of way through the yard which gains access to a residential dwelling.
Viewing
Strictly by appointment Viewing of the property is entirely at the risk of the enquirer. Neither Whirledge & Nott nor the vendor accept any responsibility for any damage, injury or accident during viewing.