Commercial Investment and Land
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.
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