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For Sale by Auction on 25th January 2024, Royal Mail Sorting Office, 5 Derry Avenue, South Ockendon, RM15 5DZ

9,090 Sq Ft / Other

Sold - Last updated: 26 January 2024

For Sale by Auction on 25th January 2024

A rectangular shaped site totalling approximately 0.27 hectares (0.67 acres). The site contains a part single storey and part two storey building of traditional construction beneath a flat roof totalling approximately 844.46 sq m (9,090 sq ft). The building and site are currently operated as a Royal Mail Sorting Office and externally there is a large yard area providing external storage and car parking. 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 opposite 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

Royal Mail Sorting Office - 659.20 sq m (7,093 sq ft)

Site area - 0.27 hectares (0.67 acres)

Terms

Tenure - Freehold

Guide Price - £175,000

Specification

  • Freehold ground rent investment
  • Reversion in 19 years (2042)
  • Currently a Royal Mail Sorting Office
  • Site area approximately 0.27 hectares (0.67 acres)
  • Future development potential (subject to consents)
  • Currently producing £235 per annum
  • Offered on the instructions of Thurrock Council


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