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Units 27-28 Spital Road, West Station Yard, Maldon, CM9 6TS

Guide price £275,000 - £300,000 +VAT*
High-yielding commercial invesment... 2 x Freehold industrial units

Property Details

Description

The two units are situated on the popular West Station Yard Industrial Estate, a long established trading estate developed in the 1960s. The estate fronts Spital Road, with direct access to the A414 and A12 through the village on Danbury. Formerly 2 separate units now trading as one to a long-standing precision engineering works on a current ‘rolling periodic’ lease. The units benefit from three phase power, clear ceiling heights and two roller shutter access to the forecourt. Spanning nearly 4,000 sq.ft. in total a mezzanine area also provides further office, WC and storage facilities to both.

An excellent and high-yielding commercial investment with the possibility to serve notice to the existing tenants and obtain full vacant possession.

Key Features

  • DOUBLE UNITS
  • 4000 SQ.FT. TOTAL
  • POPULAR ESTATE
  • PLENTY OF PARKING
  • 2 X FREEHOLDS
  • STRONG YIELD
  • ESTABLISHED TENANT
Tenure

Freehold

EPC

TBC

Viewing

By appointment with the Auctioneers

Solicitors

Mrs Grace Kerr
Birketts LLP
Brierly Place
160-162 New London Road
Chelmsford
CM2 0AP

Tenancy

Periodic Tenancy from 2017 to GFB Ventures Ltd

Current Yield.

£2,348 pcm / £28,176 pa (gross)

Location

Units 27-28 Spital Road, West Station Yard, Maldon, CM9 6TS

*Guide prices are provided as an indication of a vendor’s minimum expectation and the level at which the reserve is set. Properties may not always sell within this guide and this figure may change at any time prior to the auction. The sale price will be dependent upon bidding in the auction room and on the Vendors’ instructions.

Reserve Price Each property will be sold subject to a reserve price, which will be set within, or below, the guide price range or no more than 10% above a single figure guide. This is a confidential figure set between the Vendor and the Auctioneer and is a figure below which the Auctioneer cannot sell the property.

Additional Fees All buyers are liable to pay an Administration Charge of £900 inclusive of VAT. \rOther fees/disbursements may also apply, therefore before making a purchase, please refer to the Legal Pack and Special Conditions.