ICS House, 10-14 Hall Road
Heybridge
Maldon
Nr Chelmsford, Essex
CM9 4LA

Substantial Office/Industrial Investment

  • Majority let to Sensia UK Limited Guaranteed by Rockwell Automation Limited until 2035 (Subject to Options)
  • Attractive and Substantial Office Building and 2 separate Warehouse buildings
  • Approximately 74,792 sq ft on a site of 1.67 acres (0.68 Hectares)
  • Potential Residential conversion of Office building and Residential Redevelopment of Warehouse buildings (Subject to Consents)
  • Rockwell Automation Limited in occupation since 1982
  • Lot
    16
  • Auction
    25/Mar/2021
  • Rent
    £449,456 per Annum Exclusive
  • Status
    Sold Prior
  • Price*
     
  • Sector
    Industrial/Warehouse
  • Auction Venue
    Live Streamed Auction
Important Update
  • ICS House, 10-14 Hall Road<br>Heybridge<br>Maldon<br>Nr Chelmsford, Essex<br>CM9 4LA
  • Expand
  • Photos
  • Map

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

Property Information

Location
Miles
25 miles north east of London, 10 miles east of Chelmsford, 20 miles south west of Colchester, London Gateway Tilbury Port,
Roads
M25, M11, A12, A414,
Rail
Chelmsford railway station,
Witham railway station
Air
London Stanstead Airport, London Southend Airport, London City Airport
Situation

The historic, affluent and attractive North Essex town of Maldon is synonymous worldwide with Maldon Sea Salt and popular with day tourists is situated approximately 25 miles north east of London, 20 miles south west of Colchester and 10 miles east of Chelmsford. The town benefits from excellent road communications with A414 linking to the A12, M11 and then M25. The town benefits from being approximately 39 miles south of the Port of Felixstowe, 17 miles north of the major London Gateway and Tilbury ports. The property is prominently situated on the south side of Colchester Road (B1022) at it's junction with Hall road and runs adjacent to the Chelmer and Blackwater Navigation canal. The immediate locality benefits from a mix of industrial and residential properties with a major Asda supermarket and the Bental Shopping Ventre close by whilst the Blackwater Retail Park, situated a short distance to the south of the property whose occupiers include Aldi, Next, Costa and Travelodge.

Tenure

Freehold.

Description

The property comprises a substantial Grade II listed former mill converted to offices and with two separate warehouse buildings. The offices provide a well configured open plan office accommodation with raised floors and two passenger lifts. The two Warehouse buildings benefit from approximate eaves heights of 6m.(19ft) and vehicle access loading doors. The property benefits from a site area of 1.67 acres (0.68 Hectares) with a site coverage of approximately 45% providing car parking. The property may benefit from longer term residential redevelopment, subject to consents. The Seller has commissioned an indicative scheme showing a development of 32 flats and 19 houses all of which are mix of 3 and 4 bedrooms. See legal pack for details.

VAT

VAT is applicable to this lot.

Completion Period

Six week completion

EPC

See legal pack.

Tenancy & Accommodation

Building No.FloorUseFloor Areas
(Approx)
TenantTermRent p.a.xReview/
(Reversion)
Office
Building
Ground
First
Second
Office
4,030 sq m
(43,388 sq ft)
Sensia UK Limited
(guaranteed by
Rockwell
Automation Limited)
(1)
Let for term of
15 years from
24/06/2020
until 2035 (2)
£280,00025/12/23/06/2025
23/06/2030
(23/06/2035)
(24/12/2027)
Warehouse 1GroundWarehouse
2,228 sq m
(23,992 sq ft)
Sensia UK Limited
(guaranteed by
Rockwell
Automation
Limited)(1)
Let for a term
of 5 years from
24/06/2020
£131,956(23/06/2025)
Warehouse 2GroundWarehouse
688 sq m
(7,412 sq ft)
The Fulfilment
Company Limited
(3)
Let for term of
10 years from
01/12/2020 (4)
£37,500(30/11/2030)
Total
6,946 sq m
(74,792 sq ft)
  £449,456 

(1) Rockwell Automation Limited (CRN 00872110) was incorporate in 1966 and for the year ending 30th September 2019 reported a Turnover of £60,873,000., Pre tax profits of £16,571,000. and Net Assets of £48,847,000.(Rockwell Automation Limited Annual report and accounts).
(2) As to the office building, the lease provides for tenant options to determine the lease on 23rd June 2025 and 2030 on serving 9 months written notice.
(3) The Fulfillment Company Limited (CRN 07712882) was incorporated in 2011.
(4) As to Warehouse 2, the lease provides for a tenant option to determine the lease on the 5th anniversary of the term.

If you are the successful bidder, Acuitus requires a separate payment of £1,000 inclusive of VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Due to the current restrictions in movement throughout the UK, the property may not have been inspected by Acuitus. Some photographs may not be current and these will be dated where this is the case. Plans showing nearby occupiers and mention of nearby occupiers may reflect a dated situation as some tenants are not currently in occupation. Floor areas and accommodation details are likely to have been obtained from VOA.Gov.UK and the Vendor.

Property Documents

  • Solicitors Legal Pack
    Updated Date
    19.03.21
    File Size
    72 MB
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  • Catalogue Page
    Updated Date
    05.03.21
    File Size
    1 MB
    View PDF
  • Site Plan
    Updated Date
    05.03.21
    File Size
    896 KB
    View PDF
  • Common Auction conditions
    Updated Date
    16.03.21
    File Size
    687 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF
  • Money Laundering Regs
    Updated Date
    07.10.20
    File Size
    1,016 KB
    View PDF
  • Customer Due Dilligence Form
    Updated Date
    20.05.20
    File Size
    585 KB
    View PDF

Contacts

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060519john.mehtab@acuitus.co.uk
Billy StruthBilly Struth +44 (0)20 7034 4854billy.struth@acuitus.co.uk
Seller's Solicitors
TLT LLP 3 Hardman Square
Manchester
M3 3EB
Claire Hamilton 0333 006 1842claire.hamilton@tltsolicitors.com

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