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For Sale by Auction on 19th September 2024, Freehold Ground Rent Investment, Knight of Aveley Public House, Derry Avenue, South Ockendon, RM15 5LN

4,562 Sq Ft / Leisure / Investment

For Sale

Available - Last updated: 19 August 2024

For Sale by Auction on 19th September 2024

A rectangular shaped site totalling approximately 0.28 hectares (0.69 acres). The site contains a part single storey and part two storey building of traditional construction beneath a part flat and part pitched roof totalling approximately 424.00 sq m (4,562 sq ft). The building is arranged as a public house and we understand has recently undergone an extensive refurbishment and re-opened in July 2024.

Externally there is a large parking area. The site may offer future development potential, subject to obtaining the necessary consents and prospective purchasers are advised to make their own enquiries in this regard.

Location

South Ockendon lies within the Thurrock unitary authority approximately 18 miles east of central London. It lies to the north of the A13, which provides access to central London to the west and the M25 at junction 30 (Mar Dyke Interchange). Ockendon railway station provides rail links to London Fenchurch Street via Upminster and numerous bus services serve the area.

Derry Avenue runs north from Darenth Lane in the town centre. The property lies on the west side of the road at its junction with Darenth Lane just to the south of the Derwent Parade shopping precinct where occupiers include Greggs, Domino's, Boots Pharmacy and William Hill. Adjacent to the property is a modern mixed-use development providing apartments and ground floor retail where tenants include Tesco Express.

Accommodation

Public House - 424.00 sq m (4,562 sq ft)

Site Area - 0.28 hectares (0.69 acres)

Terms

Tenure - Freehold

Guide Price - £175,000 - £200,000

EPC - Rating 62 Band C

Specification

  • Freehold ground rent investment
  • Reversion in 10 years (2034)
  • Currently a public house
  • Large corner site of approximately 0.28 hectares (0.69 acres)
  • Future development potential (subject to consents)
  • Currently producing £200 per annum
  • Offered on the instructions of Thurrock Council

Property Quote Price(s)

DescriptionSale typeGuide pricePrice type
Guide Price - £175,000 - £200,000 For Sale Freehold NA NA

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Contact agents

Agency Team

BidX1 Commercial

020 3151 9502

Simon Bailey

BidX1 Commercial

020 3151 9486

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