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Our Ref: TC/SB/AC2459 – L02 – BEST BID Your Ref: 10 February 2020 PRIVATE & CONFIDENTIAL By E-mail Dear Sir OLD CHASE FARM, HYDE LANE, DANBURY, CHELMSFORD, ESSEX, CM3 4LP (“the Property”) BEST BID REQUEST Further to our recent correspondence, we have discussed your interest with the Joint Receivers and taken instructions. As a result, you are invited to submit your best offer, the terms of which are outlined below: 1.0 The Parties
1.1 The Vendor
G Mummery & T Maclennan, the Joint Receivers of Alexander Jubb c/o FRP Advisory LLP Jupiter House Worley Hill Business Park The Drive Brentwood Essex CM13 3BE
1.2 Vendor’s Solicitors
Addleshaw Goddard Exchange Tower 19 Canning Street Edinburgh EH3 8EH
FAO: Kirsten Fleming Tel: 0131 222 9527 E-mail: [email protected]
Old Chase Farm, Hyde Lane, Danbury, Chelmsford, Essex, CM3 4LP (“The Property”) Best Bid Request
1.3 Vendor’s Agents
Avison Young Kemsley 65 Gresham Street 113 New London Road London Chelmsford EC2V 7NQ CM2 0QT FAO: Jamie Lamond Tim Collins Tel: 020 7911 2123 01245 342 042 E-mail: [email protected] [email protected]
1.4 The Purchaser
Please confirm name, address and company number (if applicable) of the acquiring entity. FAO: Tel: E-mail:
1.5 Purchaser’s Solicitors
Please confirm name and address FAO: Tel: E-mail:
2.0 The Property
2.1 The Site
The site and property known as Old Chase Farm, Hyde Lane, Danbury, Essex, CM3 4LP Title Numbers: (a) EX820007 (b) EX822989 (c) EX816605
2.2 The Interest
Freehold
Old Chase Farm, Hyde Lane, Danbury, Chelmsford, Essex, CM3 4LP (“The Property”) Best Bid Request
3.0 The Price Please confirm your best offer. Evidence that funding is available to complete the transaction must be provided otherwise your bid may be discounted. This should be by way of a letter from a Bank or Building Society confirming that funds are available, or other satisfactory written evidence (e.g. copies of bank statements etc). A letter simply from a solicitor will not be deemed sufficient. We are advised that the property is not elected for VAT but should it become evident at a later stage that VAT is payable on the purchase price, the Receivers will charge accordingly.
4.0 Proposed Timetable Your bid letter including proof of funding should be sent, delivered or emailed on company headed paper to the following to arrive by 12 noon on Friday 28 February 2020..
Kemsley LLP 113 New London Road Chelmsford Essex CM2 0QT
FAO: Tim Collins Tel: 01245 342042 E-mail: [email protected]
5.0 Purchaser’s Timetable Your bid must include clear proposed timescales to undertake any further due diligence and for exchange and completion of contracts.
6.0 Conditions The following conditions as imposed by the Vendors are applicable as part of the transaction:-
i) The property is to be sold ‘as seen’;
ii) Each party will bear their own legal costs throughout this transaction;
iii) The contract will be non-assignable between exchange and completion;
Old Chase Farm, Hyde Lane, Danbury, Chelmsford, Essex, CM3 4LP (“The Property”) Best Bid Request
iv) In the event that the Vendor receives a higher offer from a third party before the exchange of contracts they reserve the right to sell the property to that other party;
v) The Vendor will only transfer such rights and title they have in the property;
vi) The Vendor reserves the right not to accept the highest offer, or indeed any offer;
vii) In the event that bids received are of a similar level, the Vendors reserve the right to request
best and final bids;
viii) Subject to Contract.
Please confirm whether your offer is subject to any conditionality. 6.0 Receivership Sale
The Property is being marketed for sale on behalf of the Joint Receivers and therefore, as is usual in a receivership sale, no representations, warranties or guarantees in any respect, will be given. The Joint Receivers are not bound to accept the highest or indeed any offer and they act as agents of the borrower and without personal liability.
Should you have any queries, please do not hesitate to contact me. Yours sincerely
TIM COLLINS, BA (HONS) SENIOR ASSOCIATE KEMSLEY LLP Direct line: 01245 342042 Mobile: 07720 806194 E-mail: [email protected]
FOR SALE
Old Chase Farm
Hyde Lane, Danbury, Chelmsford,
Essex, CM3 4LP
Open Storage / Agricultural Land
Asset Management / Redevelopment Potential (STPP)
7.19 hectares (17.8 acres)
avisonyoung.co.uk/14932
Old Chase Farm, Hyde Lane, Danbury, Chelmsford, CM3 4LP
Approximately 7.19 hectares
(17.8 acres)
Historically strong occupational
demand
Excellent Asset Management
opportunity
Scope for redevelopment
(STPP)
5.7 miles east of Chelmsford
Offers invited for the
freehold interest
Location
Danbury is a village located approximately 5.7 miles
east of Chelmsford City Centre, 4.8 miles west of
Maldon and 34 miles east of Central London.
Danbury is rural in nature with extensive areas of
woodland and heath.
The site itself is located approximately 1.7 miles south of
the village and is accessed via Hyde Lane.
Hyde Land is a busy ‘B-road’ and provides links to
Maldon, Chelmsford and the wider road network via
the A12 and A130.
Description
The site is a former farm that comprises approximately
7.19 hectares (17.8 acres) of land arranged as a
continuous parcel.
The site is currently configured as:
─ Access road and adjacent land
─ Open Storage
─ Warehouse / Office
─ Bungalow
─ Agricultural Land
─ Woodland
The site historically operated with a range of occupiers
predominantly as a flexible open storage facility and
vehicle salvage workshop.
The site presents Asset Management opportunities
subject to obtaining the relevant consents.
Planning / Use Class
The existing use of the site comprises a mixture of open
storage (Class B8), including a circa 175 sq.m (1,885
sq.ft) warehouse building in light industrial use (Class
B1), a residential bungalow (Class C3) and agricultural
land.
The extent of the site in lawful use for open storage
comprises the land shown hatched blue above, as
confirmed by a Certificate of Lawful Development
issued in 2001. This is the extent of the site classified as
Previously Developed (brownfield) Land.
Interested parties should make their own enquiries as to
the extent of the land specified in the Certificate of
Lawful Use.
The remaining balance of the site is in predominantly
agricultural use, as confirmed by the Inspector in
December 2018 (ref: 15/00363/ENFB).
For indicative purposes only
Avison Young hereby gives notice that the information provided (either for itself, for any joint agents or for
the vendors lessors of this property whose agent Avison Young is) in this brochure is provided on the
following conditions:
(1) The particulars are set out as a general outline only, for the guidance of intending purchasers and/or
lessees and do not constitute an offer or contract, or part of an offer or contract.
(2) All descriptions, dimensions and references to this property’s condition and any necessary permission
for use and occupation, and any other relevant details, are given in good faith and are believed to
be correct. However, any intending purchasers or tenants should not rely on them as statements or
representations of fact but satisfy themselves of their correctness by inspection or otherwise.
(3) No person in the employment of Avison Young, or any joint agents, has any authority to make or
give any representation or warranty whatsoever in relation to the property or properties in this
brochure.
(4) All prices quoted are exclusive of VAT.
(5) Avison Young shall have no liability whatsoever in relation to any documents contained within the
brochure or any elements of the brochure which were prepared solely by third parties, and not by
Avison Young.
Avison Young
65 Gresham Street, London EC2V 7NQ
Avison Young is the trading name of GVA Grimley Limited. © 2019 GVA Grimley Limited
Contacts
Tim Collins
Tel: +44 (0)1245 342042
Email: [email protected]
Chris Cornhill
Tel: +44 (0)1245 342 051
Email: [email protected]
Matthew Southall
Tel: +44 (0)20 7911 2018
Email: [email protected]
Jamie Lamond
Tel: +44 (0)20 7911 2123
Email: [email protected]
65 Gresham Street
London
EC2V 7NQ
Tenure
Bare Land | 0.32 ha / 0.8 ac| EX820007 | Freehold
Storage Land | 3.84 ha / 9.49 ac| EX822989 | Freehold
Agricultural Land | 3.02 ha / 7.48 ac | EX816605 |
Freehold
Energy Performance Certificates
The bungalow has an EPC rating of 10 (G).
Rateable Value
The Bungalow is within Band E for Council Tax purposes
under Chelmsford Council.
The storage land at Old Chase Farm which is described
by the VOA as ‘Land used for storage and premises’
and has an adjustment of –15% in respect of the
planning restriction has a rateable value of £63,500. The
Uniform business Rates (UBR) multiplier for 2019/2020 is
50.4 p in the pound. Interested parties are expected to
make their own enquiries with regards to business rates
payable and any potential reliefs available.
Additional Information
Avison Young Property Reference: 14932
Kemsley Property Reference: AC 2459
Additional information is available within the dataroom:
https://gva.box.com/v/Old-Chase-Farm
Method of Sale
Unconditional Offers Invited for the Freehold Interest of
the whole.
Vendor Identity
The property is for sale by instruction of the Joint Fixed
Charge Receivers.
Viewing
Strictly by appointment only.
113 New London Road
Chelmsford
CM2 0QT