Additional information:
A freehold investment opportunity comprising two adjoining warehouse/general industrial units on a well-established estate.
The property comprises a self-contained warehouse consisting of two adjoining bays and benefiting from steel portal frame construction with steel cladding. The units have a pitched roof with an eaves height of 7.3 m.
Unit 12 offers open warehouse space, and Unit 12A has a small office which is air-conditioned and has WCs, storage space and a large mezzanine floor to the rear.
Both units benefit from electric roller shutters, three phase power, oil fed heaters, industrial extractors and LED lighting.
The property benefits from gas central heating, air-conditioning throughout and suspended ceilings with recessed Cat II lighting. We understand all mains services are connected (although not tested).
The property is offered for sale and leaseback with a new ten-year lease commencing on completion of the sale at an initial rent of £139,730 per annum exclusive, which represents a Net Initial Return of 7.53% after deduction of purchaser’s costs at an assumed 6%. Please see particulars for further lease details.
Ongar Industrial estate is well-established and conveniently positioned near major transport routes, ensuring efficient logistics and accessibility. It benefits from close proximity to the A120, providing direct access to the M11 motorway and facilitating swift travel to London, Stansted Airport and the wider East of England region. From an investment perspective this location is considered to be a prominent industrial location.
