Industrial Units Investment For Sale in Basildon, Essex, SS15

This property is marketed by:
Glenny

Key Features

• Excellent transport communications with access to both the A127 and A13 within 6 minutes drive time
• Current passing rent of £246,540 per annum
• Located within one of Basildon's primary industrial areas
• Freehold
• Multi Let Industrial Investment in a prominent Essex industrial market
• The property comprises of an industrial unit with ancillary garage space, a modern office building providing 5 self-contained office suites and a IOS yard, currently used for a self-storage operation

Description

The property comprises of an industrial unit with ancillary garage space, a modern office building providing 5 self-contained office suites and a IOS yard, currently used for a self-storage operation. The industrial unit provides modern accommodation and is of steel portal frame construction with offices and welfare accommodation within both the ground and first floor level. The unit provides a single level loading door and is internally specified to a good condition. The office building provides 5 self contained suites with the ground floor units providing self contained kitchen and welfare space per office suite, with the first floor offices sharing kitchen and welfare facilities. The IOS yard is well specified, with a reinforced concrete surface as well as a brick wall / concrete wall panel fencing to all boundaries. The site is currently used for the letting of 104 container units on a monthly basis, with an average occupancy rate of c.98% over the past 12 months.

Location

Basildon is a major commercial centre within the county of Essex and is located 33 miles (53 km) east of Central London, 17 miles (27km) south of Chelmsford and 12 miles (19 km) to the west of Southend-on-Sea. Basildon is a very prosperous south east town and is an important commercial centre within Essex. With a resident population of approximately 107,123 people. Basildon has a strong technical and skilled workforce and a diverse manufacturing base with representation from the motor industry, electronics, financial services and brewer industries. Major occupiers include: International Financial Data Services Ltd, York International, Selex, Xchanging Global Insurance Solutions, Ford and New Holland. The property is located on Wrexham Road in Laindon, which is a suburb of Basildon in Essex. The location is close to Durham Road junction with High Road, which in turn provides access to the Southend Arterial Road, (A127). The property is approximately 0.1 miles from Laindon rail station (C2C Line to London Fenchurch Street). This area is an established office and industrial location with a number of relatively modern commercial developments in close proximity.