Freehold Retail Investment
Freehold Retail Investment
Grays is the largest town in the Borough of Thurrock and is situated on the north bank of the River Thames, approximately 5 miles north-east of Dartford and 22 miles east of Central London. The property is situated in a prominent location on Orsett Road, close to it's junction with High Street and less than 1/4 of a mile from Grays train station. Nearby occupiers include Subway, KFC, Paddypower and various banks, independents shops and cafe's.
Freehold.
Grays is the largest town in the Borough of Thurrock and is situated on the north bank of the River Thames, approximately 5 miles north-east of Dartford and 22 miles east of Central London. The property is situated in a prominent location on Orsett Road, close to it's junction with High Street and less than 1/4 of a mile from Grays train station. Nearby occupiers include Subway, KFC, Paddypower and various banks, independents shops and cafe's.
Freehold.
The property comprises two adjoining two storey buildings, one arranged as a double-fronted shop with office and ancillary accommodation on the first floor and the other arranged as a ground floor only shop. Part of the property, trading as Kays Barbers has been sublet. The property benefits from parking to the rear which is accessed via Brooke Road.
VAT is not applicable to this lot.
C. See legal pack at www.acuitus.co.uk.
The property comprises two adjoining two storey buildings, one arranged as a double-fronted shop with office and ancillary accommodation on the first floor and the other arranged as a ground floor only shop. Part of the property, trading as Kays Barbers has been sublet. The property benefits from parking to the rear which is accessed via Brooke Road.
VAT is not applicable to this lot.
C. See legal pack at www.acuitus.co.uk.
| Address | Floor | Use | Floor Areas (Approx) |
Tenant | Term | Rent p.a.x | |
|---|---|---|---|---|---|---|---|
| 1 Orsett Road (t/a William H Brown) |
Ground First |
Retail/Ancillary Offices |
71.50 sq m 102.00 sq m |
(770 sq ft) (1,103 sq ft) |
SEQUENCE UK LIMITED (1) |
10 years from 09/10/2013 until 08/10/2023 |
£32,250 |
| 3 Orsett Road (t/a Kay’s Barbers) - sublet |
Ground | Retail | 61.80 sq m |
(666 sq ft) |
|||
| Total |
235.30 sq m |
(2,539 sq ft) |
£32,250 | ||||
(1) For the year ending 31/12/2019, Sequence (UK) Limited reported a turnover of £165,667,000, pre-tax profits of £17,275,000 and shareholder's funds of £16,501,000. Sequence (UK) Limited is a national network of estate agents, with over 320 offices around the country, trading under 12 different brands (www.sequencehome.co.uk). Part of the property has been sublet to a tenant trading as Kay's Barbers at a sublet rent of £15,000 pa.
If you are the successful bidder, Acuitus requires a separate payment of £1,250+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
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