Approximately 6,607.45 sq m (71,122 sq ft) with a site area of 0.89 hectares (2.2 acres)
Future redevelopment potential (subject to consents)
Active management potential
Lot 19
Auction 23rd October 2014
Rent £142,161 per Annum Exclusive
Status Sold
Price £1,335,000
Sector Industrial, Warehouse
Auction Venue The Millennium Hotel 44 Grosvenor Square London W1K 2HP
On Instruction of the Joint LPA Receivers N London & D Mason
Property Information
Location
Miles
43 miles east of London 20 miles south-east of Chelmsford 41 miles south-west of Colchester
Roads
A127, A13, M25 (via A12/A13)
Rail
Southend Victoria Railway Station, Southend Central Railway Station
Air
London Southend Airport, London City Airport
Situation
The property is situated in a mixed use industrial and residential area ½ a mile north of Southend-on-Sea town centre. The property benefits from being close to both Southend Central and Southend Victoria rail stations and a short distance from the A127. Adjacent to the property is the Taylor Wimpey Bircham Road development of 60 residential units.
Tenure
Freehold.
Location
Miles
43 miles east of London 20 miles south-east of Chelmsford 41 miles south-west of Colchester
Roads
A127, A13, M25 (via A12/A13)
Rail
Southend Victoria Railway Station, Southend Central Railway Station
Air
London Southend Airport, London City Airport
Situation
The property is situated in a mixed use industrial and residential area ½ a mile north of Southend-on-Sea town centre. The property benefits from being close to both Southend Central and Southend Victoria rail stations and a short distance from the A127. Adjacent to the property is the Taylor Wimpey Bircham Road development of 60 residential units.
Tenure
Freehold.
Description
The property comprises a site of approximately 0.89 hectares (2.2 acres) upon
which there are over 40 industrial units. The property benefits from an inner
ring road serving each unit with two access points to the estate. The northen
access road is Grainger Close and the southern access point is from Grainger
Road.
Note
This property is being marketed for sale on behalf of Joint Law of Property Act Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Joint Law of Property Act Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Joint Law of Property Act Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.
VAT
VAT is not applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a site of approximately 0.89 hectares (2.2 acres) upon
which there are over 40 industrial units. The property benefits from an inner
ring road serving each unit with two access points to the estate. The northen
access road is Grainger Close and the southern access point is from Grainger
Road.
Note
This property is being marketed for sale on behalf of Joint Law of Property Act Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Joint Law of Property Act Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Joint Law of Property Act Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.
VAT
VAT is not applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Unit
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Review/(Reversion)
1 and adjoining yard
Ground First
Industrial
395.83 sq m 253.06 sq m
(4,261 sq ft) (2,724 sq ft)
J BASSETT
6 years from 29/09/2009
£16,600
(28/09/2015)
3/4/5
Ground
Industrial
307.14 sq m
(3,306 sq ft)
KEMP
6 years from 29/01/2010
£5,000
(28/01/2016)
6/7
Ground
Industrial
175.70 sq m
(1,891 sq ft)
MR BUSHNELL
Holding over
£4,750
8
Ground
Industrial
77.70 sq m
(836 sq ft)
COUNTY CAR SPRAYS
Holding over
£2,500
8a
Ground
Industrial
107.10 sq m
(1,153 sq ft)
VACANT POSSESSION
9/9a
Ground
Industrial
153.86 sq m
(1,656 sq ft)
SMITH O’CONNOR
6 years from 27/11/2013
£4,800
(26/11/2019)
10 & 10a
Ground First
Industrial
128.60 sq m 88.00 sq m
(1,384 sq ft) (947 sq ft)
JAMIE WELTON
6 years from 01/12/2013
£4,160
(30/11/2019) (3)
11
Ground First
Industrial
217.40 sq m 25.63 sq m
(2,340 sq ft) (276 sq ft)
YOUR MUM LIMITED
6 years from 25/10/2013
£7,000
(24/10/2018)
12/14
Ground
Industrial
143.85 sq m
(1,548 sq ft)
J R HODGKINS
6 years from 01/04/2009
£4,300
(31/03/2015)
12a/14a
First
Industrial
176.34 sq m
(1,898 sq ft)
J O’BRIAN & S MITCHELL
21 months from 01/02/2014
£5,250
(17/11/2015) (4)
13
Ground
Industrial
63.38 sq m
(682 sq ft)
MR SCHUBERT
6 years from 26/04/2013
£2,000
26/04/2018 (25/04/2019)
15/17
Ground
Industrial
132.60 sq m
(1,427 sq ft)
HOCKLEY ENTERPRISES LTD
6 years from 13/05/2013
£3,000
13/05/2018 (12/05/2019)
16
Ground
Industrial
100.70 sq m
(1,084 sq ft)
A G PRECISION ENGINEERING LTD
6 years from 10/02/2014
£3,000
10/02/2018 (09/02/2020)
16a
First
Industrial
100.69 sq m
(1,084 sq ft)
VACANT POSSESSION
18
Ground
Industrial
87.86 sq m
(946 sq ft)
MR & MRS COUZENS
10 years from 24/06/2005
£4,500
(23/06/2015)
18a
Ground
Industrial
18.58 sq m
(200 sq ft)
LUKE ROSE-CHAMBERS
6 years from 10/05/2013
£2,000
(01/04/2019)
19
Ground
Industrial
73.00 sq m
(786 sq ft)
INSPIRES INTERIORS LTD
6 years from 29/09/2010
£2,000
(29/09/2016)
20
Ground
Industrial
87.04 sq m
(937 sq ft)
GLASBY AND HAZELWOOD
6 years from 24/12/2013
£4,000
(23/12/2019)
20a
First
Industrial
67.24 sq m
(724 sq ft)
A M FINCH
6 years from 29/09/2010
£1,500
(28/09/2016)
21
Ground
Industrial
159.07 sq m
(1,712 sq ft)
J R HODGKINS
10 years from 29/11/2005
£4,250
(28/11/2015)
21a/23a
First
Industrial
225.84 sq m
(2,431 sq ft)
VACANT POSSESSION
22
Ground
Industrial
77.76 sq m
(837 sq ft)
MAX MULTIBRANCH LIMITED
6 years from 17/04/2013
£3,650
(16/04/2019)
23
Ground
Industrial
75.10 sq m
(808 sq ft)
SOUTHEND VINEYARD (CHARITY)
6 years from 21/05/2014
£2,500
(21/03/2020)
24
Ground
Office
70.61 sq m
(760 sq ft)
VACANT POSSESSION
25/27
Ground
Industrial
288.15 sq m
(3,102 sq ft)
ANTHONY HAZEL
Tenancy at will
25a
First
Industrial
22.69 sq m
(244 sq ft)
VACANT POSSESSION
29 29a
Ground First
Leisure
124.20 sq m 198.81 sq m
(1,337 sq ft) (2,140 sq ft)
GRANGE SOCIAL & SPORTS CLUB LIMITED
6 years from 29/06/2010
£9,000
(28/06/2016)
30
Ground
Industrial
222.96 sq m
(2,400 sq ft)
SOUTHEND COMBAT ACADEMY LTD
6 years from 29/06/2010
£6,750
(28/06/2016)
31/33
Ground (Raised)
Industrial
205.14 sq m
(2,208 sq ft)
P & G CARRINGTON
6 years from 13/06/2011
£5,500
(12/06/2017)
32
Ground
Industrial
180.30 sq m
(1,941 sq ft)
K M JENNER
6 years from 20/09/2010
£4,600
(28/09/2016)
34
Ground
Industrial
119.21 sq m
(1,283 sq ft)
AM USED CAR SALES LIMITED
Tenancy at will (5)
£5,200
35/37
Ground (Raised)
Industrial
143.20 sq m
(1,541 sq ft)
G MORGAN
Holding over
£3,050
36
Ground
Industrial
122.10 sq m
(1,314 sq ft)
VORN LIMITED
10 years from 12/12/2005
£4,000
(11/12/2015)
38
Ground
Industrial
116.41 sq m
(1,253 sq ft)
ROBERT CUMMINS
5 years from 03/12/2010
£5,250
(02/12/2015)
39/45
Ground (Raised)
Industrial
388.60 sq m
(4,183 sq ft)
G J MORGAN
6 years from 29/09/2012
£7,000
28/09/2015
39a/45a
Lower Ground
Industrial
304.60 sq m
(3,279 sq ft)
VACANT POSSESSION
40
Ground
Industrial
114.72 sq m
(1,235 sq ft)
SOUTHEND VINEYARD
Tenancy at will (5)
£5,000 (1)
42
Ground
Industrial
234.45 sq m
(2,524 sq ft)
GOODWIN
Tenancy at will (6)
£0 (2)
42a
First
Industrial
232.28 sq m
(2,500 sq ft)
VACANT POSSESSION
Electrical Sub Station
EASTERN ELECTRICITY BOARD
21 years from 25/03/1979. Holding over
£50
Underground Cable
EASTERN ELECTRICITY BOARD
99 years from 25/12/1954
£1
Totals
6,607.45 sq m
(71,122 sq ft)
£142,161
(1) The rent is inclusive of service charge and insurance. (2) There is no signed tenancy agreement. (3) The landlord has served notice to determine the lease on 15/12/2014. (4)As to Unit 12A/14A, the lease is currently being assigned to M C Mitchell. (5) The landlord is in discussion with the tenant to complete a new 6 year lease. (6)As to Unit 42, the landlord has served Section 25 notices expiring on 18/08/2015 and 31/08/2015. (7) As to Unit 25/27, the landlord has served Section 25 notices expiring on 05/04/2015 and 30/04/2015.
