1 & 2 Wrexham Road, Laindon, Basildon, SS15 6PX

Name: 1 & 2 Wrexham Road, Laindon, Basildon, SS15 6PX
Address: Basildon, Essex

£2,775,000 based on

Overview

Warehouse
Property Type

Description

Location

Description

The property comprises of an industrial unit with ancillary garage space, a modern office building providing 5 self-contained office suites and a IOS yard, currently used for a self-storage operation.
The industrial unit provides modern accommodation and is of steel portal frame construction with offices and welfare accommodation within both the ground and first floor level. The unit provides a single level loading door and is internally specified to a good condition. The office building provides 5 self contained suites with the ground floor units providing self contained kitchen and welfare space per office suite, with the first floor offices sharing kitchen and welfare facilities.
The IOS yard is well specified, with a reinforced concrete surface as well as a brick wall / concrete wall panel fencing to all boundaries. The site is currently used for the letting of 104 container units on a monthly basis, with an average occupancy rate of c.98% over the past 12 months.

Rent

The property estate is let to 4 tenants alongside ancillary open storage operation, which produces a total rental income of £246,540 per annum

EPC

The estate has Energy Performance Certificate ratings ranging from B (42) to E (109). Further information is available upon request.

Summary

Key points

Multi Let Industrial Investment in a prominent Essex industrial market
Located within one of Basildon's primary industrial areas
Excellent transport communications with access to both the A127 and A13 within 6 minutes drive time
The property comprises of an industrial unit with ancillary garage space, a modern office building providing 5 self-contained office suites and a IOS yard, currently used for a self-storage operation
Current passing rent of £246,540 per annum
Freehold