Star Lane Industrial Estate, Star Lane, Great Wakering, Southend-on-Sea, SS3
Business rates & charges may apply
- SIZE
Ask agent
- SECTOR
Commercial property for sale
Key features
- Investment Sale
- Freehold
- Yard & Buildings
- Established Industrial Location
- 15 year lease expiring 2038 with 5 yearly rent reviews
- Waste Handling Use
- Current Rent £70,000 p.a.
Description
Yard & buildings on a secure site of approx. 0.585 acres currently let to Sortera for use as a waste handling centre. This occupation is by virtue of a 15-year lease expiring in 2038 which is subject to 5 yearly reviews and a current passing rent of £70,000 per annum
The premises are located on the Star Lane Industrial Estate, an established commercial area which is located approx. approx. 3 miles north-east of Southend-on-Sea City Centre, and enjoys good access to the A127 Southend Arterial Road via the B1017 and A13.
Accommodation
A full measured survey has not been undertaken, and the summary of approx. floor areas are based on a desk top review of information obtained from other sources. Yard 18,280 sq ft (1,698 sq ms) Buildings 6,255 sq ft (581 sq ms) Canopy 715 sq ft (66 sq ms) Site Area 0.585 acre (0.24 Hectares)
Terms
The site is let to Sortera for use as a waste handling centre. This occupation is by virtue of a 15-year lease expiring in 2038 which is subject to 5 yearly reviews and a current passing rent of £70,000 per annum. Our clients own the site by way of four 999 year leases which were granted between June 1987 and July 2024 at a peppercorn rent. Offers in the region of £1,100,000 are now sought and we understand that our clients have an option to acquire the freehold and thereby sell on a freehold basis. We are advised that the property has been elected for VAT.
Business Rates
The site appears on the 2023 Rating List as “workshop & premises” with an adopted rateable value of £51,500.
Commercial Energy Performance Certificate
The premises have a Commercial Energy Performance Certificate (EPC) rating of C-75, valid until 28th February 2033.
Legal Costs
Each Party to bear their own.
Viewing Arrangements
Strictly via the Sole Selling Agents, Dedman Gray Commercial. For more information or to arrange a viewing please contact: Roy Horton DD: E:
Brochures
Star Lane Industrial Estate, Star Lane, Great Wakering, Southend-on-Sea, SS3
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Shoeburyness Station1.5 miles
- Thorpe Bay Station1.5 miles
- Southend East Station2.6 miles
Notes
Disclaimer - Property reference DCM250020. 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 Property Consultants Limited, Thorpe Bay. 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.
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