Station House, Station Road, Maldon - Realla
Commercial - Essex
01245 261226 Station House & Development Plot, Station Road, Maldon, CM9 4LQ
For Sale Freehold •
Let to Ocean Express Limited
•
Currently Generating £92,155 Per Annum
•
9,542 Sq. Ft. Net Internal Area
•
Allocated Car Parking for 50 Vehicles
•
Additional Development Plot Included
•
Adjacent Proposed Blackwater Retail Park
•
Guide Price - Offers in the region of £925,000
Most active agency in Suffolk and North Essex Estates Gazette (February 2014)
Office Investment Opportunity with Development Plot 9.95% Gross Initial Yield
Details Location
Business Rates
Maldon is an attractive town with a resident population of some 22,000 located approximately 10 miles to the east of Chelmsford and 18 miles south west of Colchester. The town is served by the A414 which provides access to the A12 dual carriageway some 8 miles to the west.
We understand from enquiries with the Local Rating Authority the building is currently listed under two assessments:
Station Road is located approximately one mile to the north of Maldon Town centre within one of the towns main business locations. The property is within close proximity to a number of businesses including Carrs Flour Greens, Jewsons and the recently opened Lidl Supermarket. Adjacent to the property is a large site which has been cleared for future development. The proposed Blackwater Retail Park is rumoured to have agreed terms with Costa Coffee, Next, Sports Direct, Home Bargains amongst others.
Station House, Station Road, Maldon,CM9 4LQ Rateable value £44,000 Approx. Rates payable (2016/2017) £21,560 approx. The Platform, Station Road, Maldon, CM9 4LQ Rateable value £16,750 Approx. Rates payable (2016/2017) £8,200 approx.
Tenancy & Lease Terms Station House is Let on a Fully Repairing and Insuring Lease to Ocean Express Limited on a 10 year Lease dated 31 March 2000 and is subject to two Deeds of Variation: Deed of Variation 2001: Lease varied in 2002 to remove rent provision
Description Station House comprises a Grade II Listed character office building which has been created through conversion and refurbishment of a former railway station. In addition there is a modern single storey extension to the side and rear. The original central section is two storey and benefits from a number of character features both internally and externally. We have not been able to inspect the interior of the property, however we understand the property is finished to a good standard with carpeting throughout, central heating and air conditioning to part. A floor plan is provided on page 3 of these particulars We understand Station House benefits from 50 car parking spaces. To the west of station house there is a parcel of land known as “The Glass House” that is to be included within the sale of Station House. The parcel of land benefits from full planning permission (Ref FUL/ MAL/03/01054) for the erection of a two storey B1 office building. Works were implemented in 2008.
Deed of variation 2003: Lease varied to encompass new term of 15 years from 22 June 2003 at an annual rental of £68,300 per annum exclusive subject to rent reviews applicable 22 June 2010, 2015 and 2018. We understand the current passing rent is £92,155 per annum which was agreed at the June 2015 review. Guide Price Offers in the region of £925,000 are sought for the freehold interest. A sale at this level would generate a gross initial yield of 9.95% VAT The property has not been elected to VAT. Particulars Prepared December 2016. Viewing Strictly by prior appointment with the sole agent:
Accommodation As we have been unable to inspect the interior of the property the areas quoted have been taken from plans provided by our client and are subject to confirmation. Station House
886.50 Sq. M (9,542 Sq. Ft) GIA
Building Plot
Unmeasured
James Wright [email protected] 01245 292826
Particulars for Station House & Development Plot, Station Road, Maldon, CM9 4LQ
Particulars for Station House & Development Plot, Station Road, Maldon, CM9 4LQ
For further information
01245 261226 fennwright.co.uk
Fenn Wright for themselves and for the vendors or lessors of this property whose agents they are give notice that: i.
The particulars are set out as a general outline for the guidance of intending purchasers or lessees; and do not constitute, nor constitute part of, an offer or contract.
ii. All descriptions, dimensions, references to condition and necessary permissions for use and occupation, and other details are given in good faith and are believed to be correct but any intending purchasers or lessees should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them. iii. The vendor or lessor does not make or give, and neither Fenn Wright nor any person in their employment has the authority to make or give, any representation or warranty whatsoever in relation to this property. iv. All statements contained in these particulars as to this property are made without responsibility on the part of Fenn Wright or the vendor/lessor. v. All quoting terms may be subject to VAT at the prevailing rate from time to time. vi. Fenn Wright have not tested any electrical items, appliances, any plumbing or heating systems and therefore, cannot give any warranty or undertaking as regards their operation or efficiency.
Particulars for Station House & Development Plot, Station Road, Maldon, CM9 4LQ
Fenn Wright have Essex and Suffolk covered
01245 261226 Station House & Development Plot, Station Road, Maldon, CM9 4LQ
For Sale Freehold •
Let to Ocean Express Limited
•
Currently Generating £92,155 Per Annum
•
9,542 Sq. Ft. Net Internal Area
•
Allocated Car Parking for 50 Vehicles
•
Additional Development Plot Included
•
Adjacent Proposed Blackwater Retail Park
•
Guide Price - Offers in the region of £925,000
Most active agency in Suffolk and North Essex Estates Gazette (February 2014)
Office Investment Opportunity with Development Plot 9.95% Gross Initial Yield
Details Location
Business Rates
Maldon is an attractive town with a resident population of some 22,000 located approximately 10 miles to the east of Chelmsford and 18 miles south west of Colchester. The town is served by the A414 which provides access to the A12 dual carriageway some 8 miles to the west.
We understand from enquiries with the Local Rating Authority the building is currently listed under two assessments:
Station Road is located approximately one mile to the north of Maldon Town centre within one of the towns main business locations. The property is within close proximity to a number of businesses including Carrs Flour Greens, Jewsons and the recently opened Lidl Supermarket. Adjacent to the property is a large site which has been cleared for future development. The proposed Blackwater Retail Park is rumoured to have agreed terms with Costa Coffee, Next, Sports Direct, Home Bargains amongst others.
Station House, Station Road, Maldon,CM9 4LQ Rateable value £44,000 Approx. Rates payable (2016/2017) £21,560 approx. The Platform, Station Road, Maldon, CM9 4LQ Rateable value £16,750 Approx. Rates payable (2016/2017) £8,200 approx.
Tenancy & Lease Terms Station House is Let on a Fully Repairing and Insuring Lease to Ocean Express Limited on a 10 year Lease dated 31 March 2000 and is subject to two Deeds of Variation: Deed of Variation 2001: Lease varied in 2002 to remove rent provision
Description Station House comprises a Grade II Listed character office building which has been created through conversion and refurbishment of a former railway station. In addition there is a modern single storey extension to the side and rear. The original central section is two storey and benefits from a number of character features both internally and externally. We have not been able to inspect the interior of the property, however we understand the property is finished to a good standard with carpeting throughout, central heating and air conditioning to part. A floor plan is provided on page 3 of these particulars We understand Station House benefits from 50 car parking spaces. To the west of station house there is a parcel of land known as “The Glass House” that is to be included within the sale of Station House. The parcel of land benefits from full planning permission (Ref FUL/ MAL/03/01054) for the erection of a two storey B1 office building. Works were implemented in 2008.
Deed of variation 2003: Lease varied to encompass new term of 15 years from 22 June 2003 at an annual rental of £68,300 per annum exclusive subject to rent reviews applicable 22 June 2010, 2015 and 2018. We understand the current passing rent is £92,155 per annum which was agreed at the June 2015 review. Guide Price Offers in the region of £925,000 are sought for the freehold interest. A sale at this level would generate a gross initial yield of 9.95% VAT The property has not been elected to VAT. Particulars Prepared December 2016. Viewing Strictly by prior appointment with the sole agent:
Accommodation As we have been unable to inspect the interior of the property the areas quoted have been taken from plans provided by our client and are subject to confirmation. Station House
886.50 Sq. M (9,542 Sq. Ft) GIA
Building Plot
Unmeasured
James Wright [email protected] 01245 292826
Particulars for Station House & Development Plot, Station Road, Maldon, CM9 4LQ
Particulars for Station House & Development Plot, Station Road, Maldon, CM9 4LQ
For further information
01245 261226 fennwright.co.uk
Fenn Wright for themselves and for the vendors or lessors of this property whose agents they are give notice that: i.
The particulars are set out as a general outline for the guidance of intending purchasers or lessees; and do not constitute, nor constitute part of, an offer or contract.
ii. All descriptions, dimensions, references to condition and necessary permissions for use and occupation, and other details are given in good faith and are believed to be correct but any intending purchasers or lessees should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them. iii. The vendor or lessor does not make or give, and neither Fenn Wright nor any person in their employment has the authority to make or give, any representation or warranty whatsoever in relation to this property. iv. All statements contained in these particulars as to this property are made without responsibility on the part of Fenn Wright or the vendor/lessor. v. All quoting terms may be subject to VAT at the prevailing rate from time to time. vi. Fenn Wright have not tested any electrical items, appliances, any plumbing or heating systems and therefore, cannot give any warranty or undertaking as regards their operation or efficiency.
Particulars for Station House & Development Plot, Station Road, Maldon, CM9 4LQ
Fenn Wright have Essex and Suffolk covered
