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Detached Unit on a Site approx 0.375-0.75 acre TO LET *UNDER OFFER*

To rent: £87,500.00 - £155,000.00 Per Annum|21535 - 43070 Sq Ft|Warehouse, Land, Industrial, Office, General Industrial, Light Industrial, Storage, Offices, Commercial Land

PROPERTY DETAILS

TO RENT£87,500.00 - £155,000.00 Per Annum
SIZE21535 - 43070 Sq Ft
ADDRESSUnit 11d, Cliffside Industrial Estate, Askew Farm Lane, Grays, RM17 5XR
TYPEWarehouse, Land, Industrial, Office, General Industrial, Light Industrial, Storage, Offices, Commercial Land
TENURETo Let, Under Offer
POSTED ON24th July 2020

DESCRIPTION

Location
Forming part of an established industrial estate with access to London Road and thereafter the A13 at Junctions 30/31 of the M25. Junctions 30/31 of the M25 are also accessible via West Thurrock Way (B186) to the west. The site is only 1.4 miles from Grays Train Station, providing a service to London (Fenchurch Street) in approx 35 mins.

The property
A detached warehouse of steel frame clear span construction accessed via an electric roller shutter loading door. An open sided extension links with the main unit. Adjacent is a detached modular office including kitchen, toilet, air-conditioning and double glazing. Modular canteen, toilets and showers are positioned to the rear.

The yard is concreted, palisade fenced and gated.

The unit/yard can be divided to form two separate sites with modular offices/toilets by negotiation.

Accommodation The approximate gross internal area is follows:
*UNDER OFFER*
Main unit 10,402 sq ft 967.3 sq m
Modular office 673 sq ft 62.6 sq m
Total yard area 0.75 acre 0.3 hectare
OR two units of approx. 5,200 sq ft with yard approx. 0.375 acre.

Note: the yard area has been calculated by digital mapping and should be verified on site in due course.

Terms
To be let on a new lease for a term to be agreed, incorporating periodic static or upward only rent reviews.

Figures
For the entire site;
*UNDER OFFER*
Year 1 £145,000pax
Year 2 £150,000pax
Year 3 £155,000pax
OR
£87,500 if split into two parts
A rent deposit of two month’s rent is payable, as is a yearly service charge of 6% of the yearly rent. Vat is payable.

Legal costs
The ingoing party is to pay a nominal contribution towards the landlord’s legal costs (£100 per year of the lease).

EPC
In the process of being prepared.

Business Rates
The Rateable Value (2017) is £22,750pa making the rates payable £11,352pa (20/21). The property is described as “unsurfaced fenced land”, so the unit does not appear to be listed.

Agent’s Note
All figures quoted are exclusive of Vat (if applicable)
No warranty is given in respect of the current planning use.
None of the amenities or fixtures and fittings have been tested.
Particulars awaiting client’s approval.

Enquiries/viewing
Please contact us on 01708 860696 / 07775 804842 or email: jb@branchassociates.co.uk

LOCATION

Location: Unit 11d, Cliffside Industrial Estate, Askew Farm Lane, Grays, RM17 5XR

Upminster (5.7 miles)

Upminster Bridge (6.1 miles)

Hornchurch (6.2 miles)

Grays (0.8 miles)

Tilbury Town (2.4 miles)

Swanscombe (2.4 miles)

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