1-3 Orsett Road
Grays
Essex
RM17 5DA

Freehold Retail Investment

  • Entirely let to Sequence (UK) Limited
  • Lease expires October 2023
  • Asset Management and Possible Change of Use Opportunity
  • Nearby occupiers include Subway, KFC, Paddypower and various banks, shops and cafe's
  • VAT-free Investment
  • Lot
    19
  • Auction
    05/May/2021
  • Rent
    £32,250 per Annum Exclusive
  • Status
    Sold
  • Price*
    £487,000
  • Sector
    High Street Retail
  • Auction Venue
    Live Streamed Auction
Important Update
  • 1-3 Orsett Road<br>Grays<br>Essex<br>RM17 5DA
  • Expand
  • Photos
  • Map

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

Property Information

Location
Miles
5 miles north-east of Dartford
22 miles east of Central London
Roads
A13, A282, M25 (J30)
Rail
Grays
Air
London Southend
Situation

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.

Tenure

Freehold.

Description

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

VAT is not applicable to this lot.

EPC

C. See legal pack at www.acuitus.co.uk.

Tenancy & Accommodation

AddressFloorUseFloor Areas
(Approx)
TenantTermRent 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
GroundRetail
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 £1,000 inclusive of VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Due to the current restrictions in movement throughout the UK, the property may not have been inspected by Acuitus. Some photographs may not be current and these will be dated where this is the case. Plans showing nearby occupiers and mention of nearby occupiers may reflect a dated situation as some tenants are not currently in occupation. Floor areas and accommodation details are likely to have been obtained from VOA.Gov.UK and the Vendor.

Property Documents

  • Solicitors Legal Pack
    Updated Date
    20.04.21
    File Size
    8 MB
    Login to View
  • Catalogue Page
    Updated Date
    16.04.21
    File Size
    817 KB
    View PDF
  • Site Plan
    Updated Date
    16.04.21
    File Size
    857 KB
    View PDF
  • Common Auction conditions
    Updated Date
    16.03.21
    File Size
    687 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF
  • Money Laundering Regs
    Updated Date
    07.10.20
    File Size
    1,016 KB
    View PDF
  • Customer Due Dilligence Form
    Updated Date
    20.05.20
    File Size
    585 KB
    View PDF

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
George GoucherGeorge Goucher +44 (0)20 7034 4860george.goucher@acuitus.co.uk
Seller's Solicitors
Ezran Law Churchill House, 120 Bunns Ln, Mill Hill
London
NW7 2AS
Jonathan Zeckler 020 3114 2100info@ezranlaw.co.uk

Useful Links

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