Accommodation
The properties have been measured in accordance with the RICS Code of Measuring Practice on a gross internal area (GIA) basis and provides the following measured areas:
Unit 4
Ground floor warehouse, offices & ancillary: 11,731 sq ft / 1,089.82 sq m
First floor offices: 1,078 sq ft / 100.11 sq m
Total: 12,809 sq ft / 1,189.93 sq m
Unit 5
Ground floor warehouse, offices & ancillary: 11,734 sq ft / 1,090.08 sq m
Total: 24,543 sq ft / 2,280.01 sq m
Unit 5 has a mezzanine floor measuring approximately 10,600 sq ft (986.5 sq m) which could be available by separate negotiation.
Lease terms
The properties are available individually or as a whole by way of an assignment of the existing lease/s expiring on 12 April 2027 or subletting on terms to be agreed. The rents are currently passing at approximately £79,821 per annum (Unit 4) and £74,727 per annum (Unit 5).
A new direct lease with the landlord may be available by separate negotiation.
Rates
The combined Rateable Value for the properties is £105,000. For the year commencing 1 April 2024, rates payable are normally charged at 54.6p in the pound. All interested parties are, however, advised to make their own enquiries directly with Braintree District Council at: www.braintree.gov.uk
Legal costs
All parties to bear their own legal costs incurred in any transaction.
Energy perfomance certificate
The properties have EPC ratings of B (Unit 5) and C (Unit 4). Certificates available upon request.
VAT
All prices, premiums and rents etc. are quoted exclusive of VAT at the prevailing rate.