our ref: tc/sb/ac2459 – l02 – best bid your ref · 2020-04-24 · our ref: tc/sb/ac2459 – l02...

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]

mailto:[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




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;



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


Matthew Southall

Tel: +44 (0)20 7911 2018


Jamie Lamond

Tel: +44 (0)20 7911 2123


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

https://gva.box.com/v/Old-Chase-Farm

our ref: tc/sb/ac2459 – l02 – best bid your ref · 2020-04-24 · our ref: tc/sb/ac2459 – l02...

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