Commercial property for sale

Basildon

£1,100,000

Property Description

Full description

Tenure: Freehold

LOCATION:
Hornsby Square forms part of the Southfields Industrial Estate which is located just south of the A127 (London to Southend). The development is accessed from the B148 West Mayne via Fenton Way, Hornsby Square and Christy Way.

DESCRIPTION:
An excellent opportunity to acquire this fully occupied Industrial investment comprising of four units within the Southfields Industrial Estate. Some of the tenants have been in residence now for approximately 11 years, Southfields is considered to be one of the most popular industrial Estates because of its links to and from the M25.

Features    8.2% Gross yield
Industrial investment
Fully occupied
Popular location
Offers considered


Investment Details    Unit 21: Industrial unit measuring approximately 2200 sqft, achieving a rent of 16,500 per annum on a open ended lease.

Unit 31: Industrial unit measuring approximately 1540 sqft, achieving a rent of 10,000 per annum on a one year lease, same tenants as Unit 21.

Unit 41: Industrial unit measuring approximately 2870 sqft, achieving a rent of 16,000 per annum on a one year lease.

Unit 34: Industrial unit measuring approximately 6350 sqft, multiple occupancy with a combined rent of 48,0000 per annum.



Net Rent Roll    The four units are et on commercial terms with a comulative rent role of 90,500.00

Terms    The investment is available on a freehold basis for which our client is seeking 1,100,000.

Viewing    Viewing are strictly by appointment by Dedman Gray Commercial on 01702 311111

VAT    We advised that VAT is not applicable in this transaction.


More information from this agent

Nearest stations

  • Wickford (5.9 mi)
  • Pitsea (4.7 mi)
  • Basildon (2.5 mi)
Distances are straight line measurements

To view this property or request more details, contact:

Dedman Gray, Thorpe Bay

103 The Broadway, Thorpe Bay, Essex, SS1 3HQ

01702 744063 Local call rate

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