Light Industrial for sale

Trygon Hangar North Service AreaAviation Way,Southend Airport,Southend on Sea,SS2 6UN

4,938 sq. ft. | £450,000

Property Description

Commercial information

  • 4,938 sq ft (458 sq m)

Key features

  • Secure airside location
  • Site of 0.763 Acres with Building of 4,938 sq ft
  • Busy expanding international airport
  • Long leasehold
  • Rare opportunity

Full description

Tenure: Leasehold

DESCRIPTION AND LOCATION

A large site situated on the North side maintenance area of London Southend Airport thereby benefitting from 24/7 airport security coverage. Access to main runway and all airport facilities.

Road access is via the security gate which is situated opposite the site giving access onto Aviation Way and the A127.

The site extends to approx. 0.763 acres with a workshop building of approx. 4,938 sq.ft.
Loading access is via sliding doors from the front of the building. Max eaves height is approx. 5.5m
There are a number of porta-cabins and temporary buildings attached to the rear providing office accommodation.

ACCOMMODATION

Main Building GIA: 4,938 sq ft (458.74 sq m)
Temp Offices: 931 sq ft (87 sq m)

Total Site Area: 0.763 Acres (33,242 sq ft)

TENURE

The property was initially held on a FR&I long lease dated 14th July 1972 for 23 years which was extended by a supplemental lease until 20th February 2039. The rent payable is £10,750 per annum exc. which is 25% of the Full Market Rental Value. The last rent review was 17th Sept 2011, the next review is Sept 2016 when the rent will be assessed on the rental value of the land and buildings, the tenant will then pay only 25% of this figure.

The User Clause permits the property to be used for the housing and maintenance of aircraft and any trade ancillary thereto, also the hire and sale of aircraft for hire and reward, but NOT for a Flying Club, tuition or Leisure purposes or for Air Freight.

TERMS

For Sale Long Leasehold £450,000

LEGAL COSTS

The ingoing tenant is to be responsible for the landlordís reasonable legal costs incurred in this transaction.


VIEWING

Strictly by prior appointment with the landlordís appointed agent:

Ayers & Cruiks
01702 343060

More information from this agent

Nearest stations

  • Southend Airport (0.7 mi)
  • Rochford (0.9 mi)
  • Prittlewell (1.7 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Ayers & Cruiks, Southend - Commercial

86-88 Baxter Avenue, Southend-On-Sea, SS2 6HZ

01702 744038 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Southend Airport (0.7 mi)
  • Rochford (0.9 mi)
  • Prittlewell (1.7 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Ayers & Cruiks, Southend - Commercial

86-88 Baxter Avenue, Southend-On-Sea, SS2 6HZ

01702 744038 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

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