24 High St, Halstead CO9 2AP – Halstead
Office for sale
£475,000 4,724 sq ft Space for 44 people (est)
- Full address
- 24 High Street, Halstead, Essex CO9 2AP – Halstead
- Contact details
-
020 *** ****
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- Property type
- Office for sale
- Asking price
- £475,000
- Features
- Car park, Grade II, Restaurant, Telephone system
- Size
- 4,724 sq ft
- Estimated space
- 44 people
- Tenure
- Freehold
LOCATION Halstead is situated midway between Braintree and Sudbury on the A131 with a population of circa 12,000 people. The property is situated in the centre of town in the High Street, the principal retailing area for Halstead.
Substantial red brick house with attractive façade built in the latter part of the 18th Century arranged as stores in basement and offices on ground, first and second floors. The gross internal floor area is circa 4,724 sq ft with car parking for a minimum of 15 cars to the rear.
OUTGOINGS The property is described and assessed in the current Rating List as Office and Premises, Rateable Value £27,000.
PLANNING The property is Listed Grade II*. The property has been used as offices since 1974. Planning consent was granted in June 2008 (08/01168LBC) for the conversion and sub division of the existing building to provide three dwellings. We consider that the property is suitable for alternative uses in the long term which may include residential, restaurant, hotel subject to planning permission.
OTHER The property is let to Premaberg Holdings Ltd under a 10 year Lease commencing 4th April 2016 at a rental of £31,467 per annum. The Lease is on full repairing and insuring terms for a term of 10 years subject to five yearly upward only rent reviews, the Tenant having the right to Break the Lease on six months written notice, time to be of the essence at the end of Year 5. The Lease is subject to a Schedule of Condition. Premaberg was established in 1972, they design and manufacture air intake mist eliminators and filtration systems used to protect gas turbines operating on naval vessels. The group balance sheet for Premaberg Holdings Ltd dated 31st December 2015 states net assets of £3,730,550.
LOCATION Halstead is situated midway between Braintree and Sudbury on the A131 with a population of circa 12,000 people. The property is situated in the centre of town in the High Street, the principal retailing area for Halstead.
Substantial red brick house with attractive façade built in the latter part of the 18th Century arranged as stores in basement and offices on ground, first and second floors. The gross internal floor area is circa 4,724 sq ft with car parking for a minimum of 15 cars to the rear.
OUTGOINGS The property is described and assessed in the current Rating List as Office and Premises, Rateable Value £27,000.
PLANNING The property is Listed Grade II*. The property has been used as offices since 1974. Planning consent was granted in June 2008 (08/01168LBC) for the conversion and sub division of the existing building to provide three dwellings. We consider that the property is suitable for alternative uses in the long term which may include residential, restaurant, hotel subject to planning permission.
OTHER The property is let to Premaberg Holdings Ltd under a 10 year Lease commencing 4th April 2016 at a rental of £31,467 per annum. The Lease is on full repairing and insuring terms for a term of 10 years subject to five yearly upward only rent reviews, the Tenant having the right to Break the Lease on six months written notice, time to be of the essence at the end of Year 5. The Lease is subject to a Schedule of Condition. Premaberg was established in 1972, they design and manufacture air intake mist eliminators and filtration systems used to protect gas turbines operating on naval vessels. The group balance sheet for Premaberg Holdings Ltd dated 31st December 2015 states net assets of £3,730,550.
This office for sale is located in Halstead.
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NICHOLAS PERCIVAL OFFICE INVESTMENT currently producing £31,467 per annum 22-24 High Street, Halstead, Essex CO9 2AP FOR SALE FREEHOLD SUBJECT TO OCCUPATIONAL LEASE Potential in the long term for alternative uses subject to Planning Permission LOCATION TENURE Halstead is situated midway between Braintree and Sudbury on the A131 with a population of circa 12,000 people. The property is situated in the centre of town in the High Street, the principal retailing area for Halstead. The property is held Freehold and there are no onerous conditions affecting Title. TENANCY The property is let to Premaberg Holdings Ltd under a 10 year Lease commencing 4th April 2016 at a rental of £31,467 per annum. The Lease is on full repairing and insuring terms for a term of 10 years subject to five yearly upward only rent reviews, the Tenant having the right to Break the Lease on six months written notice, time to be of the essence at the end of Year 5. The Lease is subject to a Schedule of Condition. Premaberg was established in 1972, they design and manufacture air intake mist eliminators and filtration systems used to protect gas turbines operating on naval vessels. The group balance sheet for Premaberg Holdings Ltd dated 31st December 2015 states net assets of £3,730,550. RATING The property is described and assessed in the current Rating List as Office and Premises, Rateable Value £27,000. TERMS We are seeking £475,000 subject to contract for the Freehold interest, subject to the occupational Lease. VIEWING DESCRIPTION Strictly by prior appointment with the Sole Agents Messrs Nicholas Percival Chartered Surveyors on 01206 563222 or email info@nicholaspercival.co.uk C4590 Substantial red brick house with attractive façade built in the latter part of the 18th Century arranged as stores in basement and offices on ground, first and second floors. The gross internal floor area is circa 4,724 sq ft with car parking for a minimum of 15 cars to the rear. All prices and rentals quoted are exclusive of VAT (if applicable) TOWN PLANNING The property is Listed Grade II*. The property has been used as offices since 1974. Planning consent was granted in June 2008 (08/01168LBC) for the conversion and sub division of the existing building to provide three dwellings. We consider that the property is suitable for alternative uses in the long term which may include residential, restaurant, hotel subject to planning permission. Consumer Protection from Unfair Trading Regulations 2008 The Agents, for themselves and for the vendors or lessors of this property whose agents they are give notice that: (1) the particulars do not constitute, nor constitute any part of an offer or contract. (2) All statements contained in these particulars, as to this property, are made without responsibility on the part of the agents, or vendors or lessors. (3) All descriptions, dimensions and other particulars are given in good faith and are believed to be correct, but any intending purchasers or tenants should not rely on them as statements or representations of the fact and must satisfy themselves by inspection or otherwise as to the correctness of each of them. (4) No person in the employment of the agents has any authority to make or give away representation or warranty whatsoever in relation to this property. (5) We would stress that no warranty can be given for any of the services or equipment at the properties being offered for sale and no tests have been carried out to ensure that heating, electrical or plumbing systems and equipment are fully operational. Residential & Commercial Estate agents | Property Management | Chartered Surveyors www.nicholaspercival.co.uk info@nicholaspercival.co.uk 01206 563222 Beacon End Farmhouse, London Road, Stanway, Colchester, Essex CO3 0NQ