|Energy Performance Rating||This property has been graded as E 105|
The market town of Sudbury is located approximately 15 miles north-west of Colchester and 20 miles west of Ipswich. The town is situated at the junction of the A131 and A134, which provides access to Chelmsford to the south and Bury St Edmunds to the north. The town benefits from good railway links being served by Sudbury Railway Station which is the northern terminus of the Gainsborough Line, a branch off the Great Eastern Main Line in the East of England. The property is situated prominently on the corner of Ballingdon Hill Industrial Estate, just off Ballingdon Hill (A131), approximately 1 mile south-west of Sudbury town centre. It is a fully occupied estate with other local occupiers.
- Prominently located on the corner of the estate
- Fully occupied Estate
- Tenant has recently refurbished the unit internally
- The current passing rent is £47,500 pa with another fixed uplift 2nd November 2020 to £50,000 pa
- Situated just off the A131
- A purchase at this level would reflect a Net Initial Yield of 7.47%
- Offers in excess of £363,500
The building comprises of a detached warehouse with good access to its front and side elevations. It is of brick construction under a pitched roof with an eaves height of 12’2” (3.7metres). The unit is accessed by front and side roller shutter doors. Internally the unit has been recently
refurbished by the tenant. The offices and staff accommodation is to the front of the warehouse.
|Ground - Warehouse||14,100 sq ft||1,310 sq m|
|Total||14,100 sq ft||1,310 sq m|
The property is let to Whitehouse Business Solutions Ltd for a term of 6 years from the 2nd November 2018, on full repairing and insuring covenants. The current passing rent is £47,500 per annum with another fixed uplift 2nd November 2020 to £50,000 per annum, thereafter subject to upwards only open market review 2nd November 2021. The vendor will top up the rent to £50,000 per annum from completion until 2nd Novermber 2020 by way of a reduction in the purchase price. The tenant can terminate the 1st November 2021 giving 6 months prior written notice. A schedule of condition is attached to the lease and is available on request
The property has an EPC rating of E105. A copy of the EPC is available on our website.
Anti-Money Laundering Regulations
In accordance with Anti-Money Laundering Regulations, two forms of identification and confirmation of the source of funding will be required from the successful purchaser.
We are instructed to seek offers in excess of £636,500 (Six Hundred & Thirty Six Thousand Five Hundred Pounds) subject to contract and exclusive of VAT.
A purchase at this level would reflect a Net Initial Yield of 7.47% assuming purchaser’s costs of 5.15%.
Viewing & Further Information
For further information, or if you would like to arrange a viewing, please contact our agents:
020 7478 9112
020 7478 9113