Unit 1 & 1A Lakeside Business Village Fleming Road Chafford Hundred Essex RM16 6YA

Unit 1 & 1A Lakeside Business Village
Fleming Road
Chafford Hundred
Essex
RM16 6YA

Freehold Retail and Office Investment

Ground Floor let to Tesco Stores Limited until 2020
Immediately adjacent to Railway Station.
200 metres from the major Lakeside Regional Shopping Centre
Includes car parking
Six Week Completion

Lot
32
Auction
17th October 2013
Rent
£40,500 per Annum Exclusive
Status
Sold
Price
£580,000
Auction Venue
The Millennium Hotel
44 Grosvenor Square
Mayfair
London W1K 2HP

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Freehold Retail and Office Investment

Ground Floor let to Tesco Stores Limited until 2020
Immediately adjacent to Railway Station.
200 metres from the major Lakeside Regional Shopping Centre
Includes car parking
Six Week Completion

Lot 32
Auction 17th October 2013
Rent £40,500 per Annum Exclusive
Status Sold
Price £580,000
Sector
High Street Retail
Auction Venue
The Millennium Hotel
44 Grosvenor Square
Mayfair
London W1K 2HP

Property Information

Location

Miles: 20 miles east of the City of London; 10 miles south of Romford; 2 miles north-east of Dartford Bridge
Roads: A13, M25 (Junction 30)
Rail: Chafford Hundred Railway Station (35 mins to London Fenchurch Street)
Air: London City Airport, London Southend Airport,; London Stansted Airport, London Gatwick Airport

Situation

Chafford Hundred is a popular London commuter town located in close proximity to Lakeside Retail Park. The property is situated on the west side of Fleming Road within Lakeside Business Village, immediately adjacent to Chafford Hundred Railway Station.
Nearby occupiers include Premier Inn and Bannatyne’s Health and Fitness. The major Lakeside Shopping Centre is located approximately 200 metres from the property.

Tenure

Freehold.

Location

Miles: 20 miles east of the City of London; 10 miles south of Romford; 2 miles north-east of Dartford Bridge
Roads: A13, M25 (Junction 30)
Rail: Chafford Hundred Railway Station (35 mins to London Fenchurch Street)
Air: London City Airport, London Southend Airport,; London Stansted Airport, London Gatwick Airport

Situation

Tenure

Freehold.

Description

The property comprises a modern building with retail accommodation on the ground floor and self-contained office accommodation on the first floor. The retail unit benefits from 6 car parking spaces.

VAT

VAT is applicable to this lot.

EPC

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

Description

The property comprises a modern building with retail accommodation on the ground floor and self-contained office accommodation on the first floor. The retail unit benefits from 6 car parking spaces.

VAT

VAT is applicable to this lot.

EPC

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

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Review
Ground	Retail	293.72 sq m	(3,161 sq ft)	TESCO STORES LIMITED (1)	20 years from 29 September 2000 until 2020	£40,500	29/09/2015
First	Office	Not Measured		STREAMADVICE LIMITED (2)	999 years from 24th June 2013 until 3012	Peppercorn
Totals		293.72 sq m	(3,161 sq ft)			£40,500

(1) For the year ending 25/02/2012, Tesco Stores Limited reported a turnover of £41,981,000,000, pre-tax profits of £2,126,000,000 and a total net worth of £6,894,000,000.
(2) The tenant has sublet the property.