Light industrial to let in Ferry Lane South, Rainham RM13

Location
Forming part of the established Ferry Lane Industrial Area located just south of the A13 which provides access to the M25 at Junction 30 and the A406 to the west. Rainham’s Mainline Train Station is close by and provides a service to London (Fenchurch Street) in approximately 25 minutes.

The property
Unit 11
A ground floor unit with an eaves height of approx. 4.4m, rising to approx. 6.3m at the apex. Sodium lighting is fitted and there is an electrically operated roller shutter loading door.

Unit 12
Comprising ground and first floor offices with ancillary welfare facilities. This space is part air-conditioned.
At first floor is a self-contained office capable of being included in a sale and let on a new 5-year lease at £12,350 pax. Alternatively, this area can be excluded.

Externally, there is on-site parking and loading access to the unit.

Accommodation The approximate gross internal floor area is:
Vacant unit 1,455 sq ft 135.2 sq m
Vacant offices 1,996 sq ft 185.6 sq m
Total 3,450 sq ft 320.9 sq m
Let offices (if required) 650 sq ft 60.4 sq m

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

Or

Freehold with vacant possession/part income producing (if required).

Legal costs
Each party is to be responsible for the payment of their own legal costs.

Figures
Rental -vacant unit/offices £65,000 per annum exclusive plus VAT.

Freehold -vacant unit/offices at £925,000

Freehold - including rental income of £12,350pax at £1,100,000

A bid Levy and service charge are payable, further details on request.

Money Laundering Regulations
Due to recent money laundering regulations, all Tenants and 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.

Business rates
The Rateable Value (2023) concerning Unit 11 & 12 is £33,250, making Rates Payable approx. £16,592 for Units 11 & 12.
As for ground floor Eagle House, the Rateable Value is £8,500 (2023), making nil rates payable under current Small Business Rate Relief. However, interested parties are advised to satisfy themselves fully.

EPC

Units 11/12 are awaiting reassessment.
The EPC of Ground floor Eagle House is C61, expiring February 2023.

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

Enquiries/viewing
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