Situated within an established industrial area approximately one mile north of Southend town centre. The estate affords good road communications with access to the A127 via the A1159 Eastern Avenue.
Single storey warehouse incorporating offices together with two single storey office/storage units on the site extending to approx 0.18 acres. The office/storage buildings comprise two separate buildings located within the yard also incorporating toilet facilities. The yard is fully concreted and secured with access off Stock Road. Industrial unit has roller shutter access and a maximum eaves height of 15ft 10ins (4.83 m). The long leasehold interest is owned by a well established, reputable building firm, A.W.Hardy & Co and is for a period of 99 years from 2nd May 1977.
ACCOMMODATION Warehouse 1,368 sq ft (127 sq m) Office 1 226 sq ft (21 sq m) Office 2 211 sq ft (20 sq m) Total Area: 1,805 sq. ft. (168 sq. m.)
LEASE TERMS Held on a long lease of term 99 years from 2nd May 1977 with the first rent review after the 9th year and then every 10th year thereafter. The rent is reviewed to 25% of the Open Market rental value. The last review was determined on the 1st October 2011 for the actual review date of 2nd May 2006. Current rent £3,000 pax. The review of 2016 was not actioned or documented so reversionary prospects exist. Time is not deemed to be of the essence.