1 Runwell Road, Wickford, Essex, SS11

Investment Consideration:
GDV of c.£7,300,000
Vacant possession
VAT is NOT applicable to this property
Comprises detached light industrial building on a plot of 0.29 acres with front and rear yards
Basildon Borough Planning Committee has resolved to grant planning permission for demolition of existing building and erection of 4-storey mixed-use building comprising 29 apartments and 1 retail unit, with associated car parking at basement
Total approved residential GIA: 1,741 sq m (18,740 sq ft)
Total approved commercial GIA: 80 sq m (861 sq ft)
Situated within 400m from Wickford Railway Station with an average journey time to London's Liverpool Street of 43 minutes
Occupiers nearby include Pizza Hut, Texaco Petrol Station with Londis Supermarket, Restaurant, Takeaway, Estate Agents and more.

Property Description:
Comprises detached light industrial building on a plot of 0.29 acres with front and rear yards, previously used as a car service garage and showroom, providing the following accommodation and dimensions:
Ground Floor: 415 sq m (4,467 sq ft)
3 service garages, showroom and office area, storage

Development Opportunity:
On 11th January 2023 the Basildon Borough Planning Committee has resolved to grant planning permission for demolition of existing car showroom/outbuildings and erection of 4-storey mixed-use building comprising 29 residential apartments (14 x 1-Bed and 15 x 2-Bed) and 1 x retail unit (class E) with associated basement car parking.

Location:
Wickford is a town and civil parish in the south of the English county of Essex, located approximately 30 miles (50 km) east of London, within the Borough of Basildon along with the original town of Basildon, Billericay, Laindon and Pitsea. Wickford railway station is situated on the Shenfield to Southend Line, which provides services between London Liverpool Street and Southend Victoria. The property is situated within 400m from Wickford Railway Station with an average journey time to London's Liverpool Street of 43 minutes. Occupiers nearby include Pizza Hut, Texaco Petrol Station with Londis Supermarket, Restaurant, Takeaway, Estate Agents and more.