Guide price £5,250,000 Simarco 1-2 Moss Road, Witham New Sole agency Freehold Investment Yield 9.1% Yield Share Save Key features Comprises a detached warehouse premises 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 9.1% GIY) Well located and Substantial Freehold Industrial Investment and with Development Potential. Entirely let to Simarco on a renewed 5 year lease paying £477,885 p.a. (9.1% GIY) About this property 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 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) Contact an agent Max Mason Savills Auctions +442078249088 Contact now Request details Download PDF brochure