£1,450,000Chapel Lane, Ipswich, SuffolkCommercial |
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This is an investment opportunity to purchase a Warehouse Industrial site which enjoys a high yield of £113,600 per annum
Well located within one mile of A14 and adjacent to Proposed SnOasis Leisure Development
LOCATION
The premises are situated in Chapel Lane, Great Blakenham close to the Orion and Great Blakenham Business Parks and opposite the site of the proposed Snoasis Leisure Development.
The A14 Claydon interchange is less than a mile away and Ipswich Town Centre is approximately five miles distant. The A14 and A12 trunk roads afford fast road access to the east coast ports of Felixstowe and Harwich together with Colchester, Bury St Edmunds, Cambridge and the Midlands. The M11, M25 and Stansted Airport are all within approximately one hour's drive time.
The site borders the London to Norwich mainline railway and there are fast and regular train services from Ipswich to Liverpool Street Station taking approximately one hour.
DESCRIPTION
The property comprises a purpose-built industrial/warehouse unit constructed and occupied by two separate bays.
The building is constructed of traditional steel portal frame with part brick and part colour steel profile cladding all under an insulated corrugate asbestos roof with approximately 10% roof lights.
Prior to the recent letting, the front bay was extensively refurbished and redecorated.
Both bays have a minimum eaves height of approximately 11'6" and a ridge height of approximately 22'3" and each bay has a nominal office content.
The front bay is accessed by means of a pair of roller shutter doors with the rear bay having a single goods access and there is an ample concrete forecourt in front of each bay together with extensive on-site car parking along Chapel Lane frontage of the the front bay.
The building provides the following floor areas but please note that all dimensions and areas are approximate:-
Front Bay: 23,887 sq.ft.
Rear Bay: 21,423 sq.ft.
Total Gross Internal Floor Area: 45,310 sq.ft.
SERVICES
Main water, electricity (3 -Phase supply) and drainage are connected. A sprinkler system is installed but this has been capped off within the front bay.
PLANNING
The premises had previously been used for general industrial purposes although detailed planning consent was granted in respect of both bays for change of use to Class B8 (warehousing, storage and distribution).
RATEABLE VALUES
Front Bay (currently assessed in two parts) giving a total rateable value of £69,500
Rear Bay - £53,500
LEASE TERMS
The front bay is let to Messrs. M & P Tydeman and Mrs L A Tydeman who trade as Anchor Industrial Safety under a lease for a term of 5 years from December 2005. The lease is on effectively full repairing and insuring terms save that the tenants are not required to keep or leave the premises in a better state than as witnessed by a schedule of condition. There was a tenant option to break on 01st October 2006 upon the tenant giving at least 6 months prior written notice.
Copies of these leases are available upon request.
RENTS
The rents receivable are currently as follows:-
Front Bay: £60,000 per annum - £2.51 per sq.ft.
Rear Bay: £53,600 per annum - £2.50 per sq.ft.
TENANT INFORMATION
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Anchor Industrial Safety are a family partnership and long established business. For the year ended 31st December 2004 their accounts show a turnover of just under £1.4 million and a net profit for the year of just over £110,000.
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Decco (Wilmslow) Ltd is a wholly owned subsidiary of Marlowe Holdings Ltd. According to Creditsafe.com for the year to 31st December 2004 Marlowe Holding Ltd had a turnover of just under £850 million and a pre-tax profit ofjust under £51 million. Through its subsidiaries Marlowe Holdings wholesale electrical, DIY, garden and industrial products.
FULLY LET and Producing £113,600 Per Annum
Chapel Lane
Great Blakenham
Ipswich
Suffolk
1P6 8JW
Approximately 45,310 sq.ft.
Site Just Under 2 Acres Offers invited for the Freehold interest in the region of:
£1,450,000
(N.B.THIS IS AN 'OFF MARKET' OPPORTUNITY)
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WAREHOUSE INDUSTRIAL INVESTMENT
This is an investment opportunity to purchase a Warehouse Industrial site which enjoys a high yield in Ipswich
Well located within one mile of A14 and adjacent to Proposed SnOasis Leisure Development
FULLY LET and Producing £113,600 Per Annum
Chapel Lane, Great Blakenham, Ipswich
Suffolk
1P6 8JW
Approximately 45,310 sq.ft.
Site Just Under 2 Acres
(N.B.THIS IS AN 'OFF MARKET' OPPORTUNITY)
Offers invited for the Freehold interest in the region of:
PRICE £1,450,000
www.englishroseproperties.com
This is an investment opportunity to purchase a Warehouse Industrial site which enjoys a high yield of £113,600 per annum
Well located within one mile of A14 and adjacent to Proposed SnOasis Leisure Development
LOCATION
The premises are situated in Chapel Lane, Great Blakenham close to the Orion and Great Blakenham Business Parks and opposite the site of the proposed Snoasis Leisure Development.
The A14 Claydon interchange is less than a mile away and Ipswich Town Centre is approximately five miles distant. The A14 and A12 trunk roads afford fast road access to the east coast ports of Felixstowe and Harwich together with Colchester, Bury St Edmunds, Cambridge and the Midlands. The M11, M25 and Stansted Airport are all within approximately one hour's drive time.
The site borders the London to Norwich mainline railway and there are fast and regular train services from Ipswich to Liverpool Street Station taking approximately one hour.
DESCRIPTION
The property comprises a purpose-built industrial/warehouse unit constructed and occupied by two separate bays.
The building is constructed of traditional steel portal frame with part brick and part colour steel profile cladding all under an insulated corrugate asbestos roof with approximately 10% roof lights.
Prior to the recent letting, the front bay was extensively refurbished and redecorated.
Both bays have a minimum eaves height of approximately 11'6" and a ridge height of approximately 22'3" and each bay has a nominal office content.
The front bay is accessed by means of a pair of roller shutter doors with the rear bay having a single goods access and there is an ample concrete forecourt in front of each bay together with extensive on-site car parking along Chapel Lane frontage of the the front bay.
The building provides the following floor areas but please note that all dimensions and areas are approximate:-
Front Bay: 23,887 sq.ft.
Rear Bay: 21,423 sq.ft.
Total Gross Internal Floor Area: 45,310 sq.ft.
SERVICES
Main water, electricity (3 -Phase supply) and drainage are connected. A sprinkler system is installed but this has been capped off within the front bay.
PLANNING
The premises had previously been used for general industrial purposes although detailed planning consent was granted in respect of both bays for change of use to Class B8 (warehousing, storage and distribution).
RATEABLE VALUES
Front Bay (currently assessed in two parts) giving a total rateable value of £69,500
Rear Bay - £53,500
LEASE TERMS
The front bay is let to Messrs. M & P Tydeman and Mrs L A Tydeman who trade as Anchor Industrial Safety under a lease for a term of 5 years from December 2005. The lease is on effectively full repairing and insuring terms save that the tenants are not required to keep or leave the premises in a better state than as witnessed by a schedule of condition. There was a tenant option to break on 01st October 2006 upon the tenant giving at least 6 months prior written notice.
Copies of these leases are available upon request.
RENTS
The rents receivable are currently as follows:-
Front Bay: £60,000 per annum - £2.51 per sq.ft.
Rear Bay: £53,600 per annum - £2.50 per sq.ft.
TENANT INFORMATION
-
Anchor Industrial Safety are a family partnership and long established business. For the year ended 31st December 2004 their accounts show a turnover of just under £1.4 million and a net profit for the year of just over £110,000.
-
Decco (Wilmslow) Ltd is a wholly owned subsidiary of Marlowe Holdings Ltd. According to Creditsafe.com for the year to 31st December 2004 Marlowe Holding Ltd had a turnover of just under £850 million and a pre-tax profit ofjust under £51 million. Through its subsidiaries Marlowe Holdings wholesale electrical, DIY, garden and industrial products.
FULLY LET and Producing £113,600 Per Annum
Chapel Lane
Great Blakenham
Ipswich
Suffolk
1P6 8JW
Approximately 45,310 sq.ft.
Site Just Under 2 Acres Offers invited for the Freehold interest in the region of:
£1,450,000
(N.B.THIS IS AN 'OFF MARKET' OPPORTUNITY)