Commercial Investment and Land

SOLD FOR £5,402,000
|
Clive Emson
|
SOLD FOR £5,402,000

Sold by Clive Emson Auctioneers powered by Bamboo Auctions.


Pricing

  • £800,000 Guide Price
  • £5,402,000 Sale Price
  • 575.25% above reserve

Stats

  • 113 Bids
  • 14 Watchers
  • 3476 Page Views

Auction Type

  • Traditional Auction

The Property

Currently let at £40,000 per annum This area of land between London Road and the River Thames is mostly overgrown but gives access via a roadway to works to the east of the site. The works also occupy the Clinker Pad (see further details below). Furthermore, there is a section of land in the bottom left-hand corner adjoining the River Thames that is sold off on a 199-year lease. The two sections of land either side of the railway line are connected by a road bridge, which is subsequently situated below another railway bridge crossing the site. The land may offer potential for alternative uses, subject to all necessary consents being obtainable. **Site Measurements** The site extends to approximately 5.8 hectares (14.36 acres). **Local Planning Authority** Thurrock Council. Tel: 01375 652652\. Website: thurrock.gov.uk. **Tenancy** Clinker Pad, highlighted yellow on the plan, is let for a period of 10 years from 28th March 2018 at a current rent of £40,000 per annum. This area of land is approximately 2.35 acres. The area highlighted blue on the plan is sold on a long lease for 199 years from 28th March 2008 at a peppercorn rent. This area is approximately two acres in size.

© 2024 Bamboo Auctions. All rights reserved.