Grainger Road Industrial Estate Grainger Road Southend on Sea Essex SS2 5DD

Grainger Road Industrial Estate
Grainger Road
Southend on Sea
Essex
SS2 5DD

Substantial Freehold Industrial Investment

  • Includes over 40 industrial units
  • Approximately 6,607.45 sq m (71,122 sq ft) with a site area of 0.89 hectares (2.2 acres)
  • Future redevelopment potential (subject to consents)
  • Active management potential
  • Lot
    19
  • Auction
    23rd October 2014
  • Rent
    £142,161 per Annum Exclusive
  • Status
    Sold
  • Price
    £1,335,000
  • Sector
    Industrial/Warehouse
  • Auction Venue
    The Millennium Hotel
    44 Grosvenor Square
    London W1K 2HP
  • On Instruction of the Joint LPA Receivers N London & D Mason
Important Update
  • Expand
  • Photos
  • Map

* More information on the term "guide" can be found here

Substantial Freehold Industrial Investment

  • Includes over 40 industrial units
  • Approximately 6,607.45 sq m (71,122 sq ft) with a site area of 0.89 hectares (2.2 acres)
  • Future redevelopment potential (subject to consents)
  • Active management potential
  • Lot 19
  • Auction 23rd October 2014
  • Rent
  • Status Sold
  • Price £1,335,000
  • Sector
    Industrial/Warehouse
  • Auction Venue
    The Millennium Hotel
    44 Grosvenor Square
    London W1K 2HP
  • On Instruction of the Joint LPA Receivers N London & D Mason

Property Information

Location
Miles
43 miles east of London 20 miles south-east of Chelmsford 41 miles south-west of Colchester
Roads
A127, A13, M25 (via A12/A13)
Rail
Southend Victoria Railway Station, Southend Central Railway Station
Air
London Southend Airport, London City Airport
Situation

The property is situated in a mixed use industrial and residential area ½ a mile north of Southend-on-Sea town centre. The property benefits from being close to both Southend Central and Southend Victoria rail stations and a short distance from the A127. Adjacent to the property is the Taylor Wimpey Bircham Road development of 60 residential units.

Tenure

Freehold.

Location
Miles
43 miles east of London 20 miles south-east of Chelmsford 41 miles south-west of Colchester
Roads
A127, A13, M25 (via A12/A13)
Rail
Southend Victoria Railway Station, Southend Central Railway Station
Air
London Southend Airport, London City Airport
Situation

The property is situated in a mixed use industrial and residential area ½ a mile north of Southend-on-Sea town centre. The property benefits from being close to both Southend Central and Southend Victoria rail stations and a short distance from the A127. Adjacent to the property is the Taylor Wimpey Bircham Road development of 60 residential units.

Tenure

Freehold.

Description

The property comprises a site of approximately 0.89 hectares (2.2 acres) upon
which there are over 40 industrial units. The property benefits from an inner
ring road serving each unit with two access points to the estate. The northen
access road is Grainger Close and the southern access point is from Grainger
Road.

Note

This property is being marketed for sale on behalf of Joint Law of Property Act Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Joint Law of Property Act Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Joint Law of Property Act Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.

VAT

VAT is not applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises a site of approximately 0.89 hectares (2.2 acres) upon
which there are over 40 industrial units. The property benefits from an inner
ring road serving each unit with two access points to the estate. The northen
access road is Grainger Close and the southern access point is from Grainger
Road.

Note

This property is being marketed for sale on behalf of Joint Law of Property Act Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Joint Law of Property Act Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Joint Law of Property Act Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.

VAT

VAT is not applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Unit Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x Review/(Reversion)
1 and adjoining
yard
Ground
First
Industrial
395.83 sq m
253.06 sq m
(4,261 sq ft)
(2,724 sq ft)
J BASSETT 6 years from 29/09/2009 £16,600 (28/09/2015)
3/4/5 Ground Industrial
307.14 sq m
(3,306 sq ft)
KEMP 6 years from 29/01/2010 £5,000 (28/01/2016)
6/7 Ground Industrial
175.70 sq m
(1,891 sq ft)
MR BUSHNELL Holding over £4,750  
8 Ground Industrial
77.70 sq m
(836 sq ft)
COUNTY CAR SPRAYS Holding over £2,500  
8a Ground Industrial
107.10 sq m
(1,153 sq ft)
VACANT POSSESSION      
9/9a Ground Industrial
153.86 sq m
(1,656 sq ft)
SMITH O’CONNOR 6 years from 27/11/2013 £4,800 (26/11/2019)
10 & 10a Ground
First
Industrial
128.60 sq m
88.00 sq m
(1,384 sq ft)
(947 sq ft)
JAMIE WELTON 6 years from 01/12/2013 £4,160 (30/11/2019) (3)
11 Ground
First
Industrial
217.40 sq m
25.63 sq m
(2,340 sq ft)
(276 sq ft)
YOUR MUM LIMITED 6 years from 25/10/2013 £7,000 (24/10/2018)
12/14 Ground Industrial
143.85 sq m
(1,548 sq ft)
J R HODGKINS 6 years from 01/04/2009 £4,300 (31/03/2015)
12a/14a First Industrial
176.34 sq m
(1,898 sq ft)
J O’BRIAN & S MITCHELL 21 months from 01/02/2014 £5,250 (17/11/2015) (4)
13 Ground Industrial
63.38 sq m
(682 sq ft)
MR SCHUBERT 6 years from 26/04/2013 £2,000 26/04/2018 (25/04/2019)
15/17 Ground Industrial
132.60 sq m
(1,427 sq ft)
HOCKLEY ENTERPRISES LTD 6 years from 13/05/2013 £3,000 13/05/2018 (12/05/2019)
16 Ground Industrial
100.70 sq m
(1,084 sq ft)
A G PRECISION ENGINEERING LTD 6 years from 10/02/2014 £3,000 10/02/2018 (09/02/2020)
16a First Industrial
100.69 sq m
(1,084 sq ft)
VACANT POSSESSION      
18 Ground Industrial
87.86 sq m
(946 sq ft)
MR & MRS COUZENS 10 years from 24/06/2005 £4,500 (23/06/2015)
18a Ground Industrial
18.58 sq m
(200 sq ft)
LUKE ROSE-CHAMBERS 6 years from 10/05/2013 £2,000 (01/04/2019)
19 Ground Industrial
73.00 sq m
(786 sq ft)
INSPIRES INTERIORS LTD 6 years from 29/09/2010 £2,000 (29/09/2016)
20 Ground Industrial
87.04 sq m
(937 sq ft)
GLASBY AND HAZELWOOD 6 years from 24/12/2013 £4,000 (23/12/2019)
20a First Industrial
67.24 sq m
(724 sq ft)
A M FINCH 6 years from 29/09/2010 £1,500 (28/09/2016)
21 Ground Industrial
159.07 sq m
(1,712 sq ft)
J R HODGKINS 10 years from 29/11/2005 £4,250 (28/11/2015)
21a/23a First Industrial
225.84 sq m
(2,431 sq ft)
VACANT POSSESSION      
22 Ground Industrial
77.76 sq m
(837 sq ft)
MAX MULTIBRANCH LIMITED 6 years from 17/04/2013 £3,650 (16/04/2019)
23 Ground Industrial
75.10 sq m
(808 sq ft)
SOUTHEND VINEYARD (CHARITY) 6 years from 21/05/2014 £2,500 (21/03/2020)
24 Ground Office
70.61 sq m
(760 sq ft)
VACANT POSSESSION      
25/27 Ground Industrial
288.15 sq m
(3,102 sq ft)
ANTHONY HAZEL Tenancy at will    
25a First Industrial
22.69 sq m
(244 sq ft)
VACANT POSSESSION      
29
29a
Ground
First
Leisure
124.20 sq m
198.81 sq m
(1,337 sq ft)
(2,140 sq ft)
GRANGE SOCIAL & SPORTS CLUB LIMITED 6 years from 29/06/2010 £9,000 (28/06/2016)
30 Ground Industrial
222.96 sq m
(2,400 sq ft)
SOUTHEND COMBAT ACADEMY LTD 6 years from 29/06/2010 £6,750 (28/06/2016)
31/33 Ground
(Raised)
Industrial
205.14 sq m
(2,208 sq ft)
P & G CARRINGTON 6 years from 13/06/2011 £5,500 (12/06/2017)
32 Ground Industrial
180.30 sq m
(1,941 sq ft)
K M JENNER 6 years from 20/09/2010 £4,600 (28/09/2016)
34 Ground Industrial
119.21 sq m
(1,283 sq ft)
AM USED CAR SALES LIMITED Tenancy at will (5) £5,200  
35/37 Ground
(Raised)
Industrial
143.20 sq m
(1,541 sq ft)
G MORGAN Holding over £3,050  
36 Ground Industrial
122.10 sq m
(1,314 sq ft)
VORN LIMITED 10 years from 12/12/2005 £4,000 (11/12/2015)
38 Ground Industrial
116.41 sq m
(1,253 sq ft)
ROBERT CUMMINS 5 years from 03/12/2010 £5,250 (02/12/2015)
39/45 Ground
(Raised)
Industrial
388.60 sq m
(4,183 sq ft)
G J MORGAN 6 years from 29/09/2012 £7,000 28/09/2015
39a/45a Lower
Ground
Industrial
304.60 sq m
(3,279 sq ft)
VACANT POSSESSION      
40 Ground Industrial
114.72 sq m
(1,235 sq ft)
SOUTHEND VINEYARD Tenancy at will (5) £5,000 (1)  
42 Ground Industrial
234.45 sq m
(2,524 sq ft)
GOODWIN Tenancy at will (6) £0 (2)  
42a First Industrial
232.28 sq m
(2,500 sq ft)
VACANT POSSESSION      
Electrical Sub Station    
EASTERN ELECTRICITY BOARD 21 years from 25/03/1979.
Holding over
£50  
Underground Cable    
EASTERN ELECTRICITY BOARD 99 years from 25/12/1954 £1  
Totals    
6,607.45 sq m
(71,122 sq ft)
    £142,161

(1) The rent is inclusive of service charge and insurance.
(2) There is no signed tenancy agreement.
(3) The landlord has served notice to determine the lease on 15/12/2014.
(4)As to Unit 12A/14A, the lease is currently being assigned to M C Mitchell.
(5) The landlord is in discussion with the tenant to complete a new 6 year lease.
(6)As to Unit 42, the landlord has served Section 25 notices expiring on 18/08/2015 and 31/08/2015.
(7) As to Unit 25/27, the landlord has served Section 25 notices expiring on 05/04/2015 and 30/04/2015.

Property Documents

  • Site Plan
    Updated Date
    01.10.14
    File Size
    87 KB
    View PDF
  • Catalogue Page
    Updated Date
    01.10.14
    File Size
    999 KB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060 519john.mehtab@acuitus.co.uk
Associate Auctioneers
Hair & Son 200 London Road
Southend-on-Sea
Essex
SS1 1PJ
Steve Bridge 01702 394 959stevebridge@hairandson.co.uk
Seller's Solicitors
Brecher LLP 4thFloor, 64 North Row
London
W1K 7DA
Judith Stacy 020 7563 1030jstacy@brecher.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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