Freehold Industrial Office and Storage Yard Investment
2 storey building with substantial car parking
Established industrial location
Part of the Manor Way Industrial Estate and close to the Tilbury Docks
Lot 35
Auction 8th December 2011
Rent £48,465 per Annum Exclusive
Status Sold
Price £275,000
Sector Industrial, Warehouse
Auction Venue Millennium Hotel 44 Grosvenor Square London W1K 2HP
On behalf of the Co-operative Estates
Property Information
Location
Miles
8 miles north-east of Dartford, 23 miles east of Central London
Roads
A13, M25
Rail
Grays Rail Station
Air
London City, London Stansted
Situation
The property is situated on Curzon Road, a busy industrial location and part of the Manor Way Estate. The Tilbury Dock Approach Road is within close proximity, thereafter linking with the A13 and subsequently the M25 (Junction 30/31).
Tenure
Freehold.
Location
Miles
8 miles north-east of Dartford, 23 miles east of Central London
Roads
A13, M25
Rail
Grays Rail Station
Air
London City, London Stansted
Situation
The property is situated on Curzon Road, a busy industrial location and part of the Manor Way Estate. The Tilbury Dock Approach Road is within close proximity, thereafter linking with the A13 and subsequently the M25 (Junction 30/31).
Tenure
Freehold.
Description
The property comprises a former dairy depot including a two storey warehouse with first floor office and the extensive yard comprises a tarmacadam storage area. The site area is approximately 0.15 hectares (0.38 acres).
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a former dairy depot including a two storey warehouse with first floor office and the extensive yard comprises a tarmacadam storage area. The site area is approximately 0.15 hectares (0.38 acres).
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
(Reversion)
Ground and First Floor
Offices and Storage
291.24 sq m
(3,135 sq ft)
DAIRY CREST LIMITED (1) (2)
20 years from 05/07/1992
£48,465.77 on a fully repairing and insuring lease
(04/07/2012)
Totals
291.24 sq m
(3,135 sq ft)
£48,465.77
(1) For the year ending 31/03/2011 Dairy Crest Limited reported a turnover of £1,420,600,000, a pre-tax profit of £35,400,000 and a total net worth of £160,100,000. (Source www.riskdisk.com 31/10/2011) (2) The tenant has sub-let.