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For Sale by Auction on 19th September 2024, Long Leasehold Retail Investment, 1,3 & 5 Aire Drive, South Ockendon, RM15 5AP

2,077 Sq Ft / Retail / Investment

For Sale

Available - Last updated: 15 August 2024

For Sale by Auction on 19th September 2024

Three ground floor retail units providing part of a larger established retail and residential parade. Nos 1 and 3 Aire Drive total approximately 64.2 sq m (691 sq ft) each and No 5 Aire Drive totals approximately 64.6 sq m (695 sq ft). Externally there is on-street customer parking that does not form part of the demise.

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 routes serve the area.

Aire Drive runs between Daiglen Drive and Anton Road to the south of the town centre. The properties form part of an established neighbourhood shopping parade on the north side of Aire Drive in a mainly residential area.

Accommodation

1 Aire Drive - Ground floor retail - 64.2 sq m (691 sq ft)

3 Aire Drive - Ground floor retail - 64.2 sq m (691 sq ft)

5 Aire Drive - Ground floor retail - 64.6 sq m (695 sq ft)

Terms

Tenure - Leasehold for a term of 200 years at a ground rent of £100 per annum with RPI increases every 10 years (refer to legal pack)
Guide Price - £100,000 - £110,00
EPC:

1 Aire Drive - Rating 56 Band C

3 Aire Drive - Rating 39 Band B

5 Aire Drive - Rating 95 Band D

Specification

  • Long leasehold retail investment
  • Includes three retail units
  • Established retail parade
  • Producing £17,350 per annum
  • Offered on the instructions of Thurrock Council

Property Quote Price(s)

DescriptionSale typeGuide pricePrice type
Guide Price - £100,000 - £110,00 For Sale Leasehold NA NA

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Agency Team

BidX1 Commercial

020 3151 9502

Simon Bailey

BidX1 Commercial

020 3151 9486

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