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Freestanding store for sale

Basildon, United KingdomUnlock address

73%

£9.100.000

Retail

#12970

Core+

3 Feb 2024

Property Details

Broker

Deactivated

35,289 m²

Leasable area

257 £/m²

6.50 %

Freehold

1

X

Fees

0.00 %

0.50 %

0.10 %

0.40 %

Investment Overview

Modern purpose-built retail warehouse that was developed in 1995. It is currently let as a single unit. The unit is of a steel framed construction with pitched roofs and brick-clad elevations. It comprises an L-shaped unit of 35,289 sq ft on ground floor, together with a mezzanine floor of 4,614 sq ft used for storage and first floor staff accommodation/office of 1,389 sq ft. Parking for 139 cars showing a ratio of 1:254 sq ft. Let at a rent of £632,934 pa, £17.94 psf (9.75 years without break).