Commercial property for saleBasildon
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.
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
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
To view this media, please visit the on-line version of this page at www.rightmove.co.uk/commercial-property-for-sale/property-32758681.html
Map & Street View
Street View is unavailable in this location
Disclaimer - Property reference DBS110226. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Dedman Gray, Essex. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
* This is the maximum possible speed. Broadband speed may be lower at peak times and can be affected by a range of technical and environmental factors. The speed you receive where you live may be lower than that listed above. Fibre/cable services at your postcode are subject to availability. You can confirm availability on the provider's website. The information is provided and maintained by comparethemarket.com
Map data ©OpenStreetMap contributors.