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
  • Sector
    Ground Rent
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
Important Update
  • Expand
  • Photos
  • Map

* More information on the term "guide" can be found here

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
  • 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.

Property Documents

  • Site Plan
    Updated Date
    29.10.19
    File Size
    254 KB
    View PDF
  • Catalogue Page
    Updated Date
    29.10.19
    File Size
    667 KB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
Seller's Solicitors
Pinsent Masons LLP The Soloist, 1 Lanyon Place
Belfast
BT1 3LP
Felicity Cinnamon 02890 894 903felicity.cinnamon@pinsentmasons.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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