Features
- PRODUCING INCOME OF £65,000 PA
- STRONG COVENANT
- LET ON FRI LEASE UNTIL JUNE 2028
FULL DESCRIPTION
Description
The property comprises a substantial industrial / warehouse unit, currently occupied by Thorntons Limited (trading as Eat Natural), and used as a production facility.
The industrial area comprises two bays with 5m eaves height, with offices to the front, plus loading bay addition and mezzanine floor additions.
There is space for parking to the side.
The building is currently connected to the adjoining unit via a walkway.
Location
The property is located on the Bluebridge Industrial Estate, located just off the Colchester Road in Halstead, approximate 6 miles to the north-east of Braintree, and 15 miles east of Colchester.
Bluebridge Industrial Estate is a busy and well-established industrial estate, with a mix of national and independent occupiers including Travis Perkins, Eurospares, and Grimaldi Engineering.
Thorntons have a large presence on the estate, occupying at least 8 units.
Accommodation
Total GIA: 9,078 sq ft (843.37 sq m)
plus mezzanine
Description
The property comprises a substantial industrial / warehouse unit, currently occupied by Thorntons Limited (trading as Eat Natural), and used as a production facility. The industrial area comprises two bays with 5m eaves height, with offices to the front, plus loading bay addition and mezzanine floor additions. There is space for parking to the side. The building is currently connected to the adjoining unit via a walkway.
Location
The property is located on the Bluebridge Industrial Estate, located just off the Colchester Road in Halstead, approximate 6 miles to the north-east of Braintree, and 15 miles east of Colchester. Bluebridge Industrial Estate is a busy and well-established industrial estate, with a mix of national and independent occupiers including Travis Perkins, Eurospares, and Grimaldi Engineering. Thorntons have a large presence on the estate, occupying at least 8 units.
Accommodation
Total GIA: 9,078 sq ft (843.37 sq m) plus mezzanine floor
Tenure Comments
The freehold interest is for sale, subject to the existing lease. The property is let to Thorntons Limited by way of an FRI lease expiring 24th June 2028, at a rent of £65,000 per annum. The lease is guaranteed by Ferrero UK Limited. £975,000 reflecting a Net Initial Yield of 6.67%.
Legal Costs
Each party to be responsible for their own legal costs incurred.
Viewing
Strictly via prior appointment with sole agents Elwell Taylor (01245 266088).
VAT
We understand the property is not elected for VAT
EPC
EPC Rating to be confirmed.
Viewing
Please contact us on 01245 266088 if you wish to arrange a viewing appointment for this property, or require further information.
Disclaimer
Elwell Taylor endeavour to maintain accurate depictions of properties in Virtual Tours, Floor Plans and descriptions, however, these are intended only as a guide and purchasers must satisfy themselves by personal inspection.
Description
The property comprises a substantial industrial / warehouse unit, currently occupied by Thorntons Limited (trading as Eat Natural), and used as a production facility. The industrial area comprises two bays with 5m eaves height, with offices to the front, plus loading bay addition and mezzanine floor additions. There is space for parking to the side. The building is currently connected to the adjoining unit via a walkway.
Location
The property is located on the Bluebridge Industrial Estate, located just off the Colchester Road in Halstead, approximate 6 miles to the north-east of Braintree, and 15 miles east of Colchester. Bluebridge Industrial Estate is a busy and well-established industrial estate, with a mix of national and independent occupiers including Travis Perkins, Eurospares, and Grimaldi Engineering. Thorntons have a large presence on the estate, occupying at least 8 units.
Accommodation
Total GIA: 9,078 sq ft (843.37 sq m) plus mezzanine floor
Tenure Comments
The freehold interest is for sale, subject to the existing lease. The property is let to Thorntons Limited by way of an FRI lease expiring 24th June 2028, at a rent of £65,000 per annum. The lease is guaranteed by Ferrero UK Limited. £975,000 reflecting a Net Initial Yield of 6.67%.
Legal Costs
Each party to be responsible for their own legal costs incurred.
Viewing
Strictly via prior appointment with sole agents Elwell Taylor (01245 266088).
VAT
We understand the property is not elected for VAT
EPC
EPC Rating to be confirmed.
Viewing
Please contact us on 01245 266088 if you wish to arrange a viewing appointment for this property, or require further information.
Disclaimer
Elwell Taylor endeavour to maintain accurate depictions of properties in Virtual Tours, Floor Plans and descriptions, however, these are intended only as a guide and purchasers must satisfy themselves by personal inspection.