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Ground Floor Commercial Unit with Good Lease

Ground Floor Commercial Unit with Good Lease

Address

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Auction date

16 Apr 2023

Guide price

£120,000

Type

Commercial

Tenure

Leasehold

EPC Rating

D

Status

Ended

Auction location placehbolder

Description

This is a ground floor commercial unit situated in a desirable location near Thames Drive, currently let at £12,000 per annum, offering a yield of 10% based on the guide price. The unit includes a 999-year lease and rear parking access.

  • Gross internal area is approximately 63.09 square meters (679 sq ft)
  • Occupied by Icelab Essex Cryo Ltd with a five-year lease starting from March 6, 2023
  • Ground rent advised at £250 per annum

Last update: 03 Apr 2026

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