Warehouse for sale in Towers Road, Grays RM17

Location
Forming part of a popular trading estate, less than 3 miles from the A13. Grays c2c Station is only 1.6 miles away, providing a service to London (Fenchurch Street) in approx. 37 minutes. Tilbury Port is approx. 3.2 miles distant.

The property
A mid-terrace single storey unit with small side extension comprising steel and concrete frame construction with blockwork elevations internally and rendered elevations to front.

The eaves height is approximately 2.1m rising to a maximum height of approximately 3.3m.

Internally, there is fluorescent lighting, a kitchenette and toilet.

Access is via an electric roller shutter to front, opening out onto a concreted yard area.

Accommodation Measured in accordance with the RICS Code of Measuring Guide the approximate gross internal floor area is:
Unit 2,299 sq ft 213.6 sq m
Yard 1,277 sq ft 118.6 sq m

It is to be noted that there is an electrical substation located within part of the yard.

Terms
To be let on a new, full repairing and insuring lease for a term to be agreed. Incorporating periodic upwards only rent reviews.

Or

Freehold for sale with vacant possession.

Figures

To let - £25,000 per annum exclusive. VAT is payable.

Or

For sale - £495,000

A 2 month rent deposit will be payable, subject to financial status. Building insurance, utilities and 6% of the rent is payable as a service charge.

Business rates
The Rateable Value is £22,250 (2023), making Rates Payable approximately £11,102.75 (23/24). However, interested parties are advised to satisfy themselves fully in this respect.

Legal Costs
The Tenant is to be responsible for the payment of the Landlord’s legal costs in the sum of £100 + VAT for each year of the lease. E.g. 3 years = £300+VAT.

Money Laundering Regulations
All purchasers when making an offer on a property will need to provide a copy of their current Passport photo page and a recent Utility Bill confirming their current address.

Energy Performance Certificate
The EPC rating is E102.

Agent’s Note
No warranty is given in respect of the current planning use.
None of the amenities or fixtures and fittings have been tested.
All figures are exclusive of VAT.
These particulars are awaiting client approval.

Enquiries/viewing
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