ON BEHALF OF THE FIXED CHARGE RECEIVER: Morelands Industrial Estate and adjacent land, Tile Works Lane, Rettendon Common, Chelmsord, Essex, CM3 8HB INDUSTRIAL INVESTMENT OPPORTUNITY WITH AN ADDITIONAL 58.55 ACRES OF GRAZING LAND Outline or indicative purposes only.
INVESTMENT CONSIDERATIONS The Property comprises a multi-let industrial estate on a 13.94 acre site and three additional parcels o land totalling 58.55 acres (72.49 acres overall) The industrial estate is occupied by 22 tenants producing a low passing rent o 336,060 per annum The three parcels o land are part let to two tenants at a passing rent o 10,000 per annum Total current income o 346,060 per annum Freehold Signiicant asset management and development opportunities (STP) Lapsed planning application or demolition o existing buildings and earth bund and redevelopment or 24 residential dwellings PROPOSAL We are inviting unconditional oers or the reehold interest. DATA ROOM For access to the Allsop data room, please use the ollowing link: https://datarooms.allsop.co.uk/register/ morelandsindustrialestate
Morelands Industrial Estate and adjacent land, Tile Works Lane, Rettendon Common, Chelmsord, Essex, CM3 8HB A1 M1 t s Hatield A1(M) J23 M25 Hertord Enield J25 A10 LONDON A414 A414 HARLOW Epping M11 J27 M11 Chigwell M11 A13 A414 M25 Romord Stansted Airport 20 Mins Chipping Ongar J28 J29 CHELMSFORD A12 Brentwood Butts Green A127 Billericay Basildon A13 Wickord A130 LOCATION Chelmsord is an aluent City in the county o Essex, within London s commuter belt. It is a major oice and regional administrative centre, located approximately 54.7 km (34 miles) north east o central London. Chelmsord beneits rom excellent road communications with the A12 dual carriageway providing access to the M25 motorway (junction 28). The A414 provides access to the M11 and Harlow to the east, with the A130 providing access to Braintree to the north and Basildon to the south. Chelmsord Railway Station beneits rom outstanding high speed connections to London Liverpool Street with a astest journey time o 34 minutes. During peak times there are 7 trains per hour to London Liverpool Street. Chelmsord Railway Station is the second busiest station in the East o England. SITUATION The property is situated between the villages o Rettendon Common and South approximately 9.7km (6 miles) south east o Chelmsord, 12km (7.5 miles) north o Basildon and 20.9km (13 miles) north west o Southend-on-Sea. The Estate is accessed rom Tile Works Lane via Old Barn Lane which serves a number o traditional style bespoke residential houses. The surrounding area is predominantly rural with the industrial estate being located immediately adjacent to open countryside. spite being a rural area, the property beneits rom being a short distance rom the A130, which leads directly to the A12 trunk road to the north at Howe Green and the A127 trunk road to the south, just east o Basildon. The property beneits rom being approximately 7.2km (4.5 miles) north o Wickord Station which provides direct routes to London Liverpool Street in a journey time o less than 40 minutes. A12 East A12 West A130 Heybridge Reservoir Rettendon South South Woodham Ferrers Billericay A132 Battlesbridge Hullbridge Wickord A132 A130 Hockley A127
Morelands Industrial Estate and adjacent land, Tile Works Lane, Rettendon Common, Chelmsord, Essex, CM3 8HB 45.4m DESCRIPTION Line The entire property extends to approximately 72.46 acres (29.32 hectares) and provides a multi-let industrial estate and 3 parcels o land which are currently used or grazing. Moreland Industrial Estate originally ormed the Rettendon Tile Works, which excavated and manuactured roo tiles. The operation ceased many years ago and the site is now currently occupied by a number o industrial buildings o various sizes, the main cluster being located to the southern point o the site. k ac Tr Drain Silver Lodge Silver Ash (um ) Path The Bungalow BE Protempore 'S E TT NN U EN AV Homestead Cottage E Homestead Fairview A 13 0 The property is currently let to 22 tenants on a variety o leases/ licenses (see schedule o accommodation). 44.5m m) The property also includes 3 parcels o grazing land totalling 58.55 acres (23.69 hectares) that surround Morelands Industrial Estate to the north o Tile Works Lane. Access to this land is rom Tile Works Lane and Canon Barns Road which leads to East Water Treatment Works. The parcels o land are predominantly rectangular shaped and oer scope or use as a livery/riding stable or other alternative uses (STP). Track th (u Pa Additional Land: The site extends to approximately 13.94 acres (5.64 hectares) and the property has been sub-divided into 24 plots ranging in size rom 0.1 to 1.45 acres with many buildings and yards being used or a number o commercial uses including car crash repairs, vehicle servicing and storage. Some o these plots are suraced and some unsuraced with low speciication single storey workshop buildings on the suraced areas. Tank Canon Barns Drain Morelands Industrial Estate: ts O Pos Burnt Oak The Elms Four Ayes A 13 Silverlee 0 The Cabin TENURE Freehold SITE AREAS New House Farm Use Moreland Industrial Estate Industrial Acres 13.94 Hectares PLOT 2 5.64 Plot 1 Grazing 8.78 3.55 Plot 2 Grazing 37.88 15.33 Plot 3 Grazing OLD RN BA NE LA Barn Cottage 11.89 4.81 72.49 29.33 Ward Bdy 1.52m FF PLOT 3 PLOT 1 Laceys Farm The Ashes Trac MORELANDS INDUSTRIAL ESTATE k W TILE W KS OR N LA ar d Bdy U nd Gree ds niel E The Retreat Bromley Lodge Foxley End Lodge 1.5 2m m 1.52 OLD Chelsield RN BA NE LA Ordnance Survey Crown Copyright 2018. All rights reserved. Licence number 100022432. Plotted Scale - 1:6894 Rettendon Great Common Hunters Total Crown Copyright, ES 100004106. For identiication purposes only.
Ward Bdy 1.52m FF Morelands Industrial Estate and adjacent land, Tile Works Lane, Rettendon Common, Chelmsord, Essex, CM3 8HB SCHEDULE OF TENANCY AND ACCOMMODATION MORELANDS INDUSTRIAL ESTATE (SITE MAP) Plot Tenant Start Expiry Lease Term Monthly Quarterly Per annum PLOT A ESSEX AUTO REC 01/08/17 31/07/22 5 years 1,400 16,800 PLOT B Individual 01/08/17 31/07/22 5 years 1,750 21,000 PLOT C Individual 01/08/17 31/07/20 3 years 2,000 24,000 PLOT D USTORE Rolling Monthly 1,500 18,000 PLOT E & V (BUILDINGS) unit 1 ADS Rolling Quarterly 600 2,400 unit 2&6 SDM Rolling Monthly 1,000 12,000 unit 3 Individual Rolling Monthly 400 4,800 unit 4 Individual Rolling Monthly 800 9,600 unit 5 Vacant 0 unit 7 SDM Rolling Monthly 700 8,400 K L N O M I P C X W unit 8 Individual Rolling Monthly 250 3,000 unit 9 Individual Rolling Monthly 305 3,660 PLOTS F & U ESSEX AUTO REC 01/08/17 31/07/22 5 years 600 7,200 PLOT G ESSEX AUTO REC (temp) Rolling Monthly 600 7,200 PLOT H Individual 01/08/17 31/07/18 1 years 1,250 15,000 PLOT I Vacant 0 PLOTS J & K EUROPEVANS 01/08/17 31/07/22 5 years 1,750 21,000 PLOT L EUROVANS Rolling Monthly 900 10,800 PLOT M Individual 01/08/17 31/07/20 3 years 1,250 15,000 B J A H Recycling Business The Retreat G U F V D E Q R S T TILE WORKS LANE PLOT N Individual 01/08/17 31/07/20 3 years 1,250 15,000 Bromley Lodge PLOT O P & S EUROS LTD 01/08/17 31/07/20 3 years 1,250 15,000 PLOT P ROMICA (temp) Rolling Monthly 850 10,200 PLOT Q BOW SERVICES 01/08/17 31/07/22 5 years 2,000 24,000 PLOT R Vacant 3 years 0 Hunters Lodge 1.52m Foxley End 1.52m PLOT S Individual 01/08/17 31/07/20 3 years 550 6,600 Chelsield PLOT T AUTOS FIRST LTD 01/08/17 31/07/18 1 years 1,150 13,800 PLOT W INTERROUTE LTD 01/01/17 26/12/41 25 years 41,400 Ordnance Survey Crown Copyright 2018. All rights reserved. Licence number 100022432. Plotted Scale - 1:6894 PLOT X BALKN CAR PARTS 01/08/17 31/07/22 5 years 850 10,200 PLOT 1 (Grazing Land) Individual 01/12/18 6,000 PLOT 2 (Grazing Land) Individual 01/12/19 4,000 PLOT 3 (Land) Vacant 0 TOTAL 346,060
Morelands Industrial Estate and adjacent land, Tile Works Lane, Rettendon Common, Chelmsord, Essex, CM3 8HB ASSET MANAGEMENT POTENTIAL The property oers a number o asset management opportunities, including: a) Lease Renewals: Much o the income is on short term tenancies at low rental levels. These can be re-geared or an extended term and in line with market rent. b) Capital Expenditure: The investment provides the purchaser the opportunity to urther enhance rental value through reurbishing and or extending units. c) Conversion to residential: Subject to planning, the site presents an excellent opportunity to obtain planning permission to convert the industrial estate to residential (see below). d) Land: There is the real opportunity o maximising the potential o the land by considering a livery/riding school or other alternative uses (STP). PLANNING In 2014 outline permission was granted or demolition o existing buildings and earth bund and redevelopment or 24 no residential dwellings, new Paddock and Public open Space with associated access, landscaping and inrastructure (14/01657/FUL). Within the existing Local Plan, under the Site Allocations Plans (2012), Moreland Industrial Estate is allocated as a New Residential velopment Site and a Specialist Residential velopment Site (Policy DC35). The grazing land (Plots 1, 2 & 3) is designed as Green Belt and thereore subject to Policy s CP12, CP13, CP14 under the existing Local Plan. The new Local Plan which will used to guide planning in Chelmsord until 2036 is currently under consultation and is set to be adopted in early 2019. More inormation on the new Local Plan can be ound here: https://www.chelmsord.gov.uk/planning-and-building-control/ planning-policy-and-new-local-plan/new-local-plan/developingthe-new-local-plan/ ENVIRONMENTAL CONSIDERATION An Environmental Assessment Report was undertaken by GVA in September 2014 and is available within the data room. The conclusion alludes that although contaminants have been identiied, the site is satisactory or its existing use. However, remedial works will be required or uture alternative uses.
EPC EPC s available upon request. VAT The property is not VAT elected. DATA ROOM For access to the Allsop Data Room, please use the ollowing link: https://datarooms.allsop.co.uk/register/morelandsindustrialestate PROPOSAL We are inviting unconditional oers or the reehold interest. For urther inormation or to make arrangements or viewing please contact: James Salmon 020 7543 6880 james.salmon@allsop.co.uk Ronnie Morgan 020 7543 6808 ronnie.morgan@allsop.co.uk www.allsop.co.uk Receiver caveat: This property is being marketed or sale on behal o Joint Fixed Charge Receivers and thereore no warranties or guarantees in any respect, including VAT, can be given. The inormation in these particulars has been provided by the Joint Fixed Charge Receivers to the best o their knowledge, but the purchaser must rely solely on their own enquiries. The Fixed Charge Receivers are not bound to accept the highest or any oer and are acting in respect o the sale without personal liability. Misrepresentation Act: 1. Allsop LLP on its own behal and on behal o the vendor/lessor o this property whose agent Allsop LLP is, gives notice that: (a) these particulars do not constitute in whole or in part an oer or contract or sale or lease; (b) none o the statements contained in these particulars as to the property are to be relied on as statements or representations o act; and (c) the vendor/lessor does not make or give, and neither Allsop LLP nor any o its members or any person in its employment has any authority to make or give, any representation or warranty whatsoever in relation to the property. The only representations, warranties, undertakings and contractual obligations to be given or undertaken by the vendor/lessor are those contained and expressly reerred to in the written contract or sale or agreement or lease between the vendor/lessor and a purchaser or tenant. 2. Prospective purchasers or tenants are strongly advised to: (a) satisy themselves as to the correctness o each statement contained in these particulars; (b) inspect the property and the neighbouring area; (c) ensure that any items expressed to be included are available and in working order; (d) arrange a ull structural (and where appropriate environmental) survey o the property; and (e) carry out all necessary searches and enquiries. Allsop is the trading name o Allsop LLP. sign CommandD www.commandhq.co.uk 05.18