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Commercial property for sale


3,500 sq. ft.

Property Description

Full description

Tenure: Freehold

Buckingham Square is located just off of Hurrican Way, within the established Shotgate Business area. Wickford is situated to the north of Basildon and is conveniently positioned for the A129, A130, A127, A12 and A13. Junction 29 of the M25 orbital motorway is some 15 miles east of the area. Wickford is on the main Southend Victoria to London Liverpool Street line and the area is served by the local bus network.

An end of terrace industrial unit of steel portal frame construction with part brick and part profiled sheet clad elevations. The premises benefit from a full height roller shutter entrance. Externally there is a loading area and 3 designated car parking spaces.

The unit is occupied by a commercial tenant by virtue of a five year lease, of which four years are unexpired. The current passing rent is 18,245 pa.

Accommodation    Although we have not been able to undertake an internal inspection of the unit, we understand that it is arranged to provide a ground floor, gross internal area of 3,500 sq ft (325.16 sq ms) We have been further advised that the unit benefits from 3 car parking spaces.

Terms    The premises are occupied by Power-Sonic Europe Limited (a leading, global, battery manufacturer) by virtue of a 5-year lease, with an unexpired term of 4 years. The current passing rent is 18,245 pa and our client is seeing 260,000 for this freehold investment.

Business Rates    The premises are entered on the 2010 rating list as Warehouse and Premises with a current rateable value of 17,000

Viewing    Strictly by appointment with Dedman Gray Commercial on 01702 311111

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