Property Information
Address:
Eastern Avenue, Thurrock, Essex
, RM20 3FH
, Essex
, United Kingdom
Price: Property no longer available.
Size: 17684 sq ft1643 sqm
Primary Category: Investment
All Categories:
Investment, Warehouse, Industrial,
Property Ref/Movehut: MH678184
Property Ref/Agent: 43168
*Please use the agent ref when calling the agent directly.
Property description
The property comprises a purpose built multi-let industrial estate arranged over 14 units across 6 buildings. The accommodation is of steel portal frame construction with block-work inner walls and external brickwork elevations.
Access to each unit is available via a sectional roller shutter door with separate personnel access to a trade counter/ office area.
Internally, the units benefit from male and female WCs, partitioned office areas and provide a minimum height of 5 metres to eaves.
Externally, the forecourt and parking areas are of block paviour construction and provide ample parking in front of the units.
Multi Let Industrial Estate in a dominant Essex industrial market.
Located within Thurrock's primary industrial area within close proximity to the M25.
Excellent transport communications with access to Junction 30/31 of the M25 and the A13 both within 5 minutes drive time.
The estate comprises 10 units providing 17,684 sq ft of Ground Floor GIA accommodation, with additional 1st floor accommodation of 4,295 sq ft. Unit sizes range from 949 sq ft to 2,428 sq ft.
The property is let to 9 tenants and benefits from a WAULT of 3.95 years to lease expiries and 2.54 years to lease breaks.
Current passing rent of £332,172 per annum, reflecting £18.78 psf (excluding 1st floor accommodation).
Strong revisionary potential with the latest on-site letting achieving £22.47 psf and a very limited industrial supply in the Thurrock market.
JAMES SALMON
RICHARD GALE
The property has been measured in accordance with the RICS Code of Measuring Practice 6th Edition and provides a Gross Internal Floor Area on the Ground Floor of 17,684 sq ft. (21,979 sq ft including 1st floor accommodation).
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