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 25th March 2021
Rent £449,456 per Annum Exclusive
Status Sold Prior
Price
Sector Industrial/Warehouse
Auction Venue Live Streamed Auction
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.
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.
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.
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Review/ (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)
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 2
Ground
Warehouse
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 £1,250+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
