Robert Way
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Robert Way
5,515 SF Industrial Building Wickford SS11 8DD £895,000 (£162/SF)
Executive Summary
Comprises a semi-detached Factory / Warehouse building currently split up to provide a front factory/warehouse with high-quality offices interconnecting with the rear warehouse area accessed via its own electric roller shutter loading door. The building benefits from a front forecourt & rear yard for parking & loading.
The Front Warehouse & Offices are let to Work and Wear Direct Ltd on a Full Repairing & Insuring lease for a term of years to expire September 2025 without further rent review. The lease is outside the security of the Landlord & Tenant Act 1954. The current rent is £35,000 pax. The rear warehouse is let to Work and Wear Direct Ltd on an informal agreement at a current rent of £30,000 pax.
Total Income from the entire building £65,000 pax.
The property is held on a lease for a term of 99 years from 26th May 2015 at a Ground Rent of £100.00 per annum.
The Front Warehouse & Offices are let to Work and Wear Direct Ltd on a Full Repairing & Insuring lease for a term of years to expire September 2025 without further rent review. The lease is outside the security of the Landlord & Tenant Act 1954. The current rent is £35,000 pax. The rear warehouse is let to Work and Wear Direct Ltd on an informal agreement at a current rent of £30,000 pax.
Total Income from the entire building £65,000 pax.
The property is held on a lease for a term of 99 years from 26th May 2015 at a Ground Rent of £100.00 per annum.
Property Facts
| Price | £895,000 | Lot Size | 0.63 AC |
| Price Per SF | £162 | Rentable Building Area | 5,515 SF |
| Sale Type | Investment | Number of Floors | 1 |
| Tenure | Long Leasehold | Year Built | 1980 |
| Property Type | Industrial | Tenancy | Single |
| Price | £895,000 |
| Price Per SF | £162 |
| Sale Type | Investment |
| Tenure | Long Leasehold |
| Property Type | Industrial |
| Lot Size | 0.63 AC |
| Rentable Building Area | 5,515 SF |
| Number of Floors | 1 |
| Year Built | 1980 |
| Tenancy | Single |
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