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Zone A, Unit, 4 Cromwell Park, Chelmsford Road, Felsted, Dunmow CM6 3DD – CM6

Industrial unit for sale

£660,000 7,165 sq ft

Fenn Wright
Status
Under offer
Full address
4 Chelmsford Road, Dunmow, Felsted, Essex CM6 3DD – CM6
Property type
Industrial unit for sale
Asking price
£660,000
Features
Car park, Gym, Open plan, Reception, Restaurant, Storage, Telephone system
Size
7,165 sq ft

The site comprises two industrial units, one is vacant and one is let to a gym following a successful change of use to D2 in 2015. The vacant property on the left is of steel frame construction with a full mezzanine floor providing industrial / storage space at ground floor level with offices and storage at first floor level. The property on the right which has been let to a gym comprises an open plan area to the rear and a two storey section to the front elevation. The two storey section provides a reception and changing facilities on the ground floor and offices on the first floor. Externally there is a part tarmac, part concrete and part gravel top yard with parking for a number of vehicles. Please refer to the floor plans and site plan for further information.
LOCATION Great Dunmow is a market town with a population in the order of 8,500 situated approximately 9 miles east of Bishops Stortford, 9 miles west of Braintree and 7 miles east of Stansted Airport and the M11 motorway.
The Chelmsford Road Industrial Estate is situated approximately 1 mile south of Great Dunmow town centre and is conveniently positioned for access to the A120. The A120/M11 provide good road links to Cambridge and the M25 London Orbital motorway.
SERVICES We understand the property is connected to mains water, drainage and electricity. We have not tested any of the services and all interested parties should rely upon their own enquiries with the relevant utility company in connection with the availability and capacity of all of those serving the property including IT and telecommunication links.
LEASE TERMS The gym is let on a 5 year lease to two private individuals who are trading as Unique Health and Fitness Great Dunmow. The lease is subject to a personal guarantee from a third party. The lease was granted on the 15th December 2015 for a term of 5 years. There was a break option on the 18th December 2018 which the tenant did not exercise and there is an outstanding rent review from December 2018 which has not been implemented. The lease is outside sections 24 - 28 of the Landlord and Tenant Act 1954. The current passing rent is £18,825 per annum. Further details are available upon request.
GUIDE PRICE Offers for the entire site are invited in excess of £660,000. Our client will give consideration to selling the site in two lots. We are quoting offers in excess of £375,000 for the vacant property (marked blue) and offers in excess of £285,000 for the property which is subject to an existing lease to the gym (marked green).
The site comprises two industrial units, one is vacant and one is let to a gym following a successful change of use to D2 in 2015. The vacant property on the left is of steel frame construction with a full mezzanine floor providing industrial / storage space at ground floor level with offices and storage at first floor level. The property on the right which has been let to a gym comprises an open plan area to the rear and a two storey section to the front elevation. The two storey section provides a reception and changing facilities on the ground floor and offices on the first floor. Externally there is a part tarmac, part concrete and part gravel top yard with parking for a number of vehicles. Please refer to the floor plans and site plan for further information.
LOCATION Great Dunmow is a market town with a population in the order of 8,500 situated approximately 9 miles east of Bishops Stortford, 9 miles west of Braintree and 7 miles east of Stansted Airport and the M11 motorway.
The Chelmsford Road Industrial Estate is situated approximately 1 mile south of Great Dunmow town centre and is conveniently positioned for access to the A120. The A120/M11 provide good road links to Cambridge and the M25 London Orbital motorway.
SERVICES We understand the property is connected to mains water, drainage and electricity. We have not tested any of the services and all interested parties should rely upon their own enquiries with the relevant utility company in connection with the availability and capacity of all of those serving the property including IT and telecommunication links.
LEASE TERMS The gym is let on a 5 year lease to two private individuals who are trading as Unique Health and Fitness Great Dunmow. The lease is subject to a personal guarantee from a third party. The lease was granted on the 15th December 2015 for a term of 5 years. There was a break option on the 18th December 2018 which the tenant did not exercise and there is an outstanding rent review from December 2018 which has not been implemented. The lease is outside sections 24 - 28 of the Landlord and Tenant Act 1954. The current passing rent is £18,825 per annum. Further details are available upon request.
GUIDE PRICE Offers for the entire site are invited in excess of £660,000. Our client will give consideration to selling the site in two lots. We are quoting offers in excess of £375,000 for the vacant property (marked blue) and offers in excess of £285,000 for the property which is subject to an existing lease to the gym (marked green).
• Part Let Investment Opportunity on Popular Industrial Estate
• Available Immediately
• Site Area 0.42 Acre
• Secure Yard/Parking Area
• Convenient Access to the A120
• Currently Generating £18,425 per annum (2018 Rent Review Outstanding)
• Available as Whole or in Part
The site comprises two industrial units, one is vacant and one is let to a gym following a successful change of use to D2 in 2015. The vacant property on the left is of steel frame construction with a full mezzanine floor providing industrial / storage space at ground floor level with offices and storage at first floor level. The property on the right which has been let to a gym comprises an open plan area to the rear and a two storey section to the front elevation. The two storey section provides a reception and changing facilities on the ground floor and offices on the first floor. Externally there is a part tarmac, part concrete and part gravel top yard with parking for a number of vehicles. Please refer to the floor plans and site plan for further information.
LOCATION Great Dunmow is a market town with a population in the order of 8,500 situated approximately 9 miles east of Bishops Stortford, 9 miles west of Braintree and 7 miles east of Stansted Airport and the M11 motorway.
The Chelmsford Road Industrial Estate is situated approximately 1 mile south of Great Dunmow town centre and is conveniently positioned for access to the A120. The A120/M11 provide good road links to Cambridge and the M25 London Orbital motorway.
SERVICES We understand the property is connected to mains water, drainage and electricity. We have not tested any of the services and all interested parties should rely upon their own enquiries with the relevant utility company in connection with the availability and capacity of all of those serving the property including IT and telecommunication links.
LEASE TERMS The gym is let on a 5 year lease to two private individuals who are trading as Unique Health and Fitness Great Dunmow. The lease is subject to a personal guarantee from a third party. The lease was granted on the 15th December 2015 for a term of 5 years. There was a break option on the 18th December 2018 which the tenant did not exercise and there is an outstanding rent review from December 2018 which has not been implemented. The lease is outside sections 24 - 28 of the Landlord and Tenant Act 1954. The current passing rent is £18,825 per annum. Further details are available upon request.
GUIDE PRICE Offers for the entire site are invited in excess of £660,000. Our client will give consideration to selling the site in two lots. We are quoting offers in excess of £375,000 for the vacant property (marked blue) and offers in excess of £285,000 for the property which is subject to an existing lease to the gym (marked green).

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