NOW SOLD

Location

The yard forms part of the popular Fairview Industrial Estate lying adjacent the A13 providing access to the M25 and The Queen Elizabeth II Bridge to the East and the M11 link, Docklands and City to the West. Rainham’s Train Station provides a c2c service to London (Fenchurch Street) in approximately 25 minutes.

The property

A regular shaped yard comprising a fully concreted surface with a fenced perimeter. Access is via electric gates to the front.

We understand that planning consent for the construction of a unit of approximately 7,050 sq ft (655 sq m) has been granted under reference P0328.11 but lapsed. Details are available via the London Borough of Havering website.

The estate benefits from manned security at its entrance, together with roving patrols.

Note – The portacabins and storage tanks will be removed as they are the property of the current tenant.

Accommodation Measured in accordance with the RICS Code of Measuring Guide the approximate gross internal floor area is:

*UNDER OFFER*

Yard       18,500 sq ft          1,720 sq m

(0.42 acre / 0.16 ha)

Terms

Freehold for sale with vacant possession on completion or to let on a new full repairing and insuring lease for a minimum term of 6 years with an upward only rent review upon expiry of the 3rd year.

Figures       

*UNDER OFFER* 

Freehold – £2m with vacant possession on completion.

Rental – £130,000 per annum exclusive.

A service charge, insurance and BID levy are payable, further details upon request.

Business rates

The Rateable Value (2023) is £26,750, making the Rates Payable approx. £13,348.25 (23/24).

Money Laundering Regulations

All purchasers when making an offer on a property will need to provide a copy of their current Passport photo page and a recent Utility Bill confirming their current address.

Legal costs

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

Energy Performance Certificate

Not Applicable.

Agent’s Note

All figures quoted are exclusive of VAT.

No warranty is given in respect of the current planning use.

None of the amenities or fixtures and fittings have been tested.

Measurements have been obtained using digital mapping. Interested parties should satisfy themselves fully as to measurements/sizes in due course.

Enquiries/viewing

Please contact us on 01708 860696 or email: jb@branchassociates.co.uk