Home > Auctions > 2 July 2025 02 July 2025 - 9:00am > Lot 102

2 July 2025: Wednesday 02 July 2025 - 9:00am
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    Key features

    • Comprises a detached warehouse premises of 77,684 sq ft
    • Situated on an established trading estate
    • Arranged on a site of 2.62 acres
    • Entirely let to Simarco International Limited on a renewed 5 year lease
    • Simarco have been in occupation since 2015
    • VAT is applicable
    • Investment let at £477,885 p.a. (reflecting 10.06% GIY)

    Description

    The property comprises a detached warehouse premises which has been extended over time.


    The warehouse is made up of four parts with varying eaves heights. The original building has a minimum eaves height of 3.90m rising to 7.50m to the underside of the apex. The more recent additions have a minimum eaves height of 7.65m and 8.93m rising to 10.00m and 13.42m to the underside of the apex.


    The warehouse is accessed via four large loading doors (5.50m wide and 5.30m high) and four smaller loading doors of varying sizes. There are two additional loading doors around the far side of the building.


    At the front of the warehouse is a two story office section which provides a mix of reception, offices, meeting rooms and staff welfare facilities.


    Externally the property benefits from a good sized concrete surfaced yard which provides ample space for loading and unloading.

    Additional information

    Tenure

    Freehold.

    Accommodation

    Ground:

    Warehouse - Total 71,010 sq ft (6,596.99 sq m)

    Office/WC/Staff Facilities - Total 2,959 sq ft (274.95 sq m)


    First:

    Office/WC/Staff Facilities - Total 3,715 sq ft (345.15 sq m)


    Total - 77,684 sq ft (7,217.09 sq m)

    Tenancy

    The property is let to Simarco International Limited on a Full Repairing and Insuring Lease subject to a Photographic Schedule of Condition for a term of 5 years from the 17th January 2024 at a passing rent of £477,885 per annum.


    The lease is contracted outside of the security of tenure provisions contained within the Landlord and Tenant Act 1954 Part II.


    N.b. Simarco have been in occupation since 2015 and the latest lease is their 4th lease renewal.


    Simarco International Limited is one of the UK’s leading independent logistics and freight operators.


    Website: www.simarco.com


    Simarco International Limited for the year ended December 2022 reported:


    D&B Rating: 3A 1

    Turnover: £85.3m

    Pre-tax profit· £5.2m

    Shareholders Funds: £18.9

    (Source: Icans 30/01/2025)


    Rent

    £477,885

    Notes

    Joint Agent

    James Wright

    Fenn Wright

    jw@fennwright.co.uk


    Please note the areas provided are approximate. The photos and any drawings are for illustrative purposes only and may not reflect the exact boundary of the property. The property has not been internally inspected by Savills. Prospective purchasers must rely upon their own enquiries in this regard. Please refer to the legal pack.


    Additional charges and fees might be charged by the seller and/or other third parties. You are strongly advised to read the Special Conditions of Sale for the Lot prior to bidding to check for any additional charges and fees.

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        Local information

        • Witham is a town situated in the Braintree district in Essex, situated approximately 9.9 miles to Chelmsford and 51.2 miles to Central London
        • The property is located on the established Freebournes Industrial Estate adjacent to the A12 which provides convenient access to Junction 28 of the M25 (22 miles) to the south and the east ports of Harwich and Felixstowe to the north east.
        • Access to the M11 and Stansted Airport is via the A120 from Braintree which is linked to Witham via the B1018.
        Transport

        Road - The A12 sits adjacent to the property, providing access to Junction 28 of the M25

        Rail - The nearest rail service is Witham Station which provides a frequent service to London Liverpool Street with a journey time of approximately

        Port - The international port of Felixstowe is located 40 miles from Freebournes Industrial Estate and is easily accessible via the A12 and A14. The route from Felixstowe Port follows the A12, passing by the industrial estate before connecting to the M25 at Junction 28, ensuring convenient transport links.

        Legal documents

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        EPC rating

        If no EPC rating appears please refer to the legal pack.

        Guide prices and common auction conditions

        •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

        •The reserve price is the minimum price at which the property can be sold.

        •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

        •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

        Please note that all prices listed, whether prior to or post auction, are subject to contract.

        The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

        The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

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