Plot G, Hume Avenue, Tilbury

Description

An attractive 0.6 acre IOS investment opportunity, offering a net initial yield of 8.34% secured against a new 15-year lease with AAT Quality Cars. The lease falls outside the Landlord & Tenant Act 1954 and reflects a passing rent of £3.00 psf (£79,175 per annum), with upwards-only rent reviews at the 5th and 10th anniversaries providing a clear platform for income growth.

The property extends to approximately 0.6 acres and benefits from B* planning consent. Lease commencement is subject to the discharge of planning conditions and completion of utility connections, anticipated within 6-8 weeks.

Location

Tilbury is London's principal freight terminal on the River Thames and a key logistics hub for the southeast of England. It also hosts the London International Cruise Terminal - the only cruise terminal with direct river access to Central London.

The area boasts excellent transport connectivity. A dual carriageway links Tilbury directly to the A13, with Junctions 30/31 of the M25 just 5 miles west. Connectivity will be further enhanced by the upcoming Lower Thames Crossing, with construction set to begin in 2026.

Tilbury benefits from a C2C mainline rail station offering frequent services to London Fenchurch Street, with a journey time of approximately 40 minutes.

The property is located just east of Tilbury Town Station on Dock Road and Hume Avenue, an extension of the A1089, which provides direct access to the A13. It is ideally positioned for quick access to Tilbury Docks, the 2 million sq. ft. Amazon Fulfilment Centre, and a wide range of retail and trade occupiers.

VAT

Interested parties are to make their own enquires with Medway Council for rates payable.

Accommodation

0.6 acres

Legal Costs

Each party to be responsible for the payment of their own legal costs.

Viewing

Strictly by appointment with agents.