Under Offer

Unit B Woodside Industrial Estate, Dunmow Road, Bishop's Stortford, CM23 5RG

7,928 sq ft

Property Advisor

Walter Scott

Partner, Logistics and Industrial

View Walter's profile

Brochure

The property comprises a light industrial/ warehouse unit of steel portal frame construction, with profile steel and glazed elevations under a pitched and insulated roof.

Offices are arranged over ground and first floors, with the first floor currently fitted to laboratory space. The laboratory fit-out is potentially available to interested parties by way of a separate negotiation.

Property specification

Loading yard to the front with 20 parking spaces
Minimum warehouse eaves height of 7m
Ground floor offices, WCs & kitchen
First floor laboratory & office space
Estate security barrier and intercom system

Accommodation

The property has been measured in accordance with the RICS Code of Measuring Practice on a gross internal area (GIA) basis and provides the following measured areas:

Ground floor warehouse, offices & ancillary: 7,021 sq ft / 652.29 sq m
First floor labs & offices: 961 sq ft / 89.32 sq m
TOTAL: 7,982 sq ft / 741.61 sq m

Services

There is an estate service charge payable in addition, with a current annual budget of £5,300.

Lease terms

The property is available by way of an assignment of the existing lease expiring on 1 January 2028 or alternatively, by way of a subletting on terms to be agreed. The rent is currently passing at £104,000 per annum exclusive.

A new direct lease with the landlord may be available by separate negotiation.

Rates

The exact Rateable Value for the property is TBC but we expect this to be in the region of £50,000. For the year commencing 1 April 2023, rates payable are normally charged at 51.2p in the pound. All interested parties are, however, advised to make their own enquiries directly with East Herts District Council at: www.eastherts.gov.uk

Legal costs

All parties to bear their own legal costs incurred in any transaction.

Energy perfomance certificate

The property has an EPC rating of C-60. Certificate available upon request.

VAT

All prices, premiums and rents etc. are quoted exclusive of VAT at the prevailing rate.

Location

Bishop's Stortford is situated on the Hertfordshire and Essex border approximately 35 miles to the north of central London and 25 miles south of Cambridge. The Town is immediately adjacent to the M11 motorway and in close proximity to Stansted Airport.

Woodside Industrial Estate is prominently located just off Dunmow Road, within a quarter of a mile of Junction 8 of the M11 which connects directly to the M25 approximately 15 miles to the south and the A120 to the east.

Bishop's Stortford mainline railway station is approximately 1.5 miles to the west in the centre of town, giving direct access to London Liverpool Street and Cambridge with approximate journey times of 40 minutes and 30 minutes respectively.

Stansted Airport is located 3 miles to the east along the A120.