Well Located Industrial/Warehouse Unit on the established Temple Farm Industrial Estate
Let to Waverley Brownall Limited with a guarantee from Team Precision Engineering Limited
Located close to London Southend Airport
VAT free investment
For the Seller's Legal Pack, please click the Property Documents tab below
Lot 54
Auction 8th December 2016
Rent £15,000 per Annum Exclusive
Status Sold
Price £260,000
Sector Industrial, Warehouse
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
On behalf of CBRE Receivers
Property Information
Location
Miles
20 miles south-east of Chelmsford, 36 miles east of Central London
Roads
A127, A130
Rail
Prittlewell Railway Station
Air
London Southend Airport
Situation
The property is situated on the established Temple Farm Industrial Estate, located less than one kilometre from London Southend Airport. London Southend Airport has undergone expansion with an extension to the passenger terminal opened to the public in March 2014. Passenger numbers are set to increase to two million per year by 2020. Nearby occupiers on Temple Farm Industrial Estate include Eurocell, Howdens Joinery, Temple Furniture, DRS Heating and Plumbing Merchants, Rainbow Design Essex and a number of independent occupiers.
Tenure
Freehold.
Location
Miles
20 miles south-east of Chelmsford, 36 miles east of Central London
Roads
A127, A130
Rail
Prittlewell Railway Station
Air
London Southend Airport
Situation
The property is situated on the established Temple Farm Industrial Estate, located less than one kilometre from London Southend Airport. London Southend Airport has undergone expansion with an extension to the passenger terminal opened to the public in March 2014. Passenger numbers are set to increase to two million per year by 2020. Nearby occupiers on Temple Farm Industrial Estate include Eurocell, Howdens Joinery, Temple Furniture, DRS Heating and Plumbing Merchants, Rainbow Design Essex and a number of independent occupiers.
Tenure
Freehold.
Description
The property comprises an industrial/warehouse unit with a roller shutter
doors and a service yard at the front.
VAT
VAT is not applicable to this lot.
Note
This property is being marketed for sale on behalf of Fixed Charge
Receivers and therefore no warranties or guarantees in any respect,
including VAT, can be given. The information in these particulars has been provided by the Fixed Charge Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Fixed Charge Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises an industrial/warehouse unit with a roller shutter
doors and a service yard at the front.
VAT
VAT is not applicable to this lot.
Note
This property is being marketed for sale on behalf of Fixed Charge
Receivers and therefore no warranties or guarantees in any respect,
including VAT, can be given. The information in these particulars has been provided by the Fixed Charge Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Fixed Charge Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Lot
Unit
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Review/(Reversion)
54
44
Ground
Workshop/Office
202.30 sq m
(2,178 sq ft)
WAVERLEY BROWNALL LIMITED (1) with a Guarantee from TEAM PRECISION ENGINEERING LIMITED (2) (t/a Waverley Brownall)
Approximately 5 years and 3 months from 21/03/2016
£15,000
21/03/2019 (17/06/2021)
(1) Established in 1929, with headquarters in Essex, UK, Waverley Brownall is a leading global manufacturer and supplier of high-pressure compression fittings, valves, and bespoke instrumentation products. Waverley Brownall is a primary supplier of stainless steel pipe fittings, compression fittings and valves to the Britannia offshore platform, the Centrica Gas storage facility at Easington and the Conocophillips Humberside Refinery (Source: www.waverleybrownall.co.uk 24/10/2016). (2) For the year ending 31st March 2016, Team Precision Engineering Limited reported a net worth of £1,333,670 (Source: Experian Group 14/11/2016).
