Halfords Autocentre 680 London Road Thurrock Essex RM20 3LX

  • Halfords Autocentre<br>680 London Road<br>Thurrock<br>Essex<br>RM20 3LX

Halfords Autocentre
680 London Road
Thurrock
Essex
RM20 3LX

Freehold Motor Trade/Warehouse Investment with Index-Linked Rent Reviews

  • Let to Halfords Autocentres Limited
  • Lease expires May 2036 (subject to option)
  • 5-yearly CPIH rent reviews subject to a 1% collar and 3% cap (compounded annually)
  • Site area approximately 0.36 acres (0.14 ha) including 15 customer car parking spaces. Site coverage ratio of 30%
  • Site underpinned by long term redevelopment value
  • Strong established industrial and commercial location. 1 mile from Lakeside Shopping Centre
  • Nearby occupiers include Ikea, B&Q, DHL, Screwfix, Toolstation, Selco, Dulux, Thurrock Engineering Supplies and GSF Car Parts
  • Lot
    6
  • Auction
    9th May 2024
  • Rent
    £49,500 per Annum Exclusive
  • Status
    Sold
  • Price
    £874,000
  • Sector
    Industrial/Warehouse
  • Auction Venue
    Live Streamed Auction
  • On Behalf of a Major Fund
  • Expand
  • Photos
  • Map

Freehold Motor Trade/Warehouse Investment with Index-Linked Rent Reviews

  • Let to Halfords Autocentres Limited
  • Lease expires May 2036 (subject to option)
  • 5-yearly CPIH rent reviews subject to a 1% collar and 3% cap (compounded annually)
  • Site area approximately 0.36 acres (0.14 ha) including 15 customer car parking spaces. Site coverage ratio of 30%
  • Site underpinned by long term redevelopment value
  • Strong established industrial and commercial location. 1 mile from Lakeside Shopping Centre
  • Nearby occupiers include Ikea, B&Q, DHL, Screwfix, Toolstation, Selco, Dulux, Thurrock Engineering Supplies and GSF Car Parts
  • Lot 6
  • Auction 9th May 2024
  • Rent £49,500 per Annum Exclusive
  • Status Sold
  • Price £874,000
  • Sector
    Industrial/Warehouse
  • Auction Venue
    Live Streamed Auction
  • On Behalf of a Major Fund

Property Information

Location
Miles
23 miles east of Central London, 24 miles south-west of Southend-on-Sea
Roads
A13, A282, A1090, M25 (Junction 30)
Rail
Chafford Hundred Station and Grays Station (Overground)
Air
London City Airport
Situation

Thurrock is a London commuter town located 23 miles east of Central London and 24 miles south-west of Southend-on-Sea, benefitting from excellent road communication links. The property is 2 miles south of Junction 30 of the M25, which provides access to the Dartford Crossing and the wider national motorway network and is prominently situated on the corner of London Road at its junction with Motherwell Way, in an established industrial and commercial location. Nearby occupiers include Ikea, B&Q, DHL, Screwfix, Toolstation, Selco, Dulux, Thurrock Engineering Supplies and GSF Car Parts.

Tenure

Freehold.

Location
Miles
23 miles east of Central London, 24 miles south-west of Southend-on-Sea
Roads
A13, A282, A1090, M25 (Junction 30)
Rail
Chafford Hundred Station and Grays Station (Overground)
Air
London City Airport
Situation

Thurrock is a London commuter town located 23 miles east of Central London and 24 miles south-west of Southend-on-Sea, benefitting from excellent road communication links. The property is 2 miles south of Junction 30 of the M25, which provides access to the Dartford Crossing and the wider national motorway network and is prominently situated on the corner of London Road at its junction with Motherwell Way, in an established industrial and commercial location. Nearby occupiers include Ikea, B&Q, DHL, Screwfix, Toolstation, Selco, Dulux, Thurrock Engineering Supplies and GSF Car Parts.

Tenure

Freehold.

Description

Comprises a purpose-built single storey workshop/garage of 5,685 sq ft on a site area of approximately 0.36 acres (0.14 ha). The property benefits from around 15 customer car parking spaces to the front and side.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

C69

Description

Comprises a purpose-built single storey workshop/garage of 5,685 sq ft on a site area of approximately 0.36 acres (0.14 ha). The property benefits from around 15 customer car parking spaces to the front and side.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

C69

Tenancy & Accommodation

Floor Use Gross Internal Floor Areas
Approx sq m
Gross Internal Floor Areas
(Approx sq ft)
Tenant Term Rent p.a.x. Rent Reviews
Ground
Mezzanine
Reception/Workshop/Ancillary
Ancillary
435.15
92.99
(4,684)
(1,001)
HALFORDS AUTOCENTRES LIMITED (1) 15 years from 26/05/2021 until 25/05/2036 (2) on a full repairing and insuring lease
£49,500
26/05/2026 and 26/05/2031 linked to CPIH collared at 1% p.a. and capped at 3% p.a. compounded annually.
Total  
528.14
(5,685)
   
£49,500
 

(1) There are over 600 Halfords Autocentres nationwide that serve over 750,000 customers with a wide range of vehicle repair and maintenance services. For the year ending 31/03/2023, Halfords Autocentres Limited reported a turnover of £285,100,000, a pre-tax profit of £9,600,000 and a net worth of £44,800,000.
(2) The lease is subject to a tenant only break option on 25/05/2031, subject to 6 months’ written notice.

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.

Property Documents

  • Solicitors Legal Pack
    Updated Date
    07.05.24
    File Size
    49 MB
    Login to View
  • Brochure
    Updated Date
    10.05.24
    File Size
    3 MB
    View PDF
  • Common Auction conditions
    Updated Date
    20.05.24
    File Size
    620 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
Henry JohnHenry John +44 (0)20 7034 4860 +44 (0)7876 884 320henry.john@acuitus.co.uk
Seller's Solicitors
Shepherd and Wedderburn LLP Octagon Point, St Paul's
5 Cheapside
London
EC2V 6AA
Gabby Ives +44 (0)20 7429 4956gabby.ives@shepwedd.com

Useful Links

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

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