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No longer on the market

This property is no longer on the market

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Property

Auction
Property
Added > 14 days

Key information

TenureAsk agent
Council taxAsk agent

Features and description

  • Freehold ground rent investment
  • Reversion in 27 years (2050)
  • Currently a BT Telephone Exchange
  • Site area approximately 0.25 hectares (0.61 acres)
  • Future development potential (subject to consents)
  • Currently producing £150 per annum
  • Offered on the instructions of Thurrock Council
  • Online Auction on Thursday, 25 January 2024

A rectangular shaped site totalling approximately 0.25 hectares (0.61 acres). The site contains a part single storey and part two storey u-shaped building of traditional construction beneath a flat roof with a building footprint totalling approximately 901.00 sq m (9,700 sq ft). The building and site are currently operated as a BT Telephone Exchange and externally there is a large parking area to the rear. The site may offer future development potential, subject to obtaining the necessary consents and prospective purchasers are advised to make their own enquiries in this regard.


Location:

South Ockendon lies within the Thurrock unitary authority approximately 18 miles east of central London. It lies to the north of the A13, which provides access to central London to the west and the M25 at junction 30 (Mar Dyke Interchange) to the east. Ockendon railway station provides rail links to London Fenchurch Street via Upminster and numerous bus services serve the area.

Darenth Lane runs west from Daiglen Drive in the town centre. The property lies on the east side of the road at its junction with Derry Avenue just to the south of the Derwent Parade shopping precinct where occupiers include Greggs, Domino's, Boots Pharmacy and William Hill. Opposite the property is a modern mixed-use development providing apartments and ground floor retail where tenants include Tesco Express.


Online Auction on Thursday, 25 January 2024. For further information, such as legal documents and property information, please visit bidx1.com.
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About this agent

BidX1 - Nationwide Auctions
BidX1 - Nationwide Auctions
Henry Wood House, 4-5 Langham Place London W1B 3DG
020 8033 0374
Full profileProperty listings
BidX1 are market-leaders in the digitalisation of property transactions, allowing buyers and sellers across the globe to complete transactions online in the most efficient and transparent manner. We combine industry-leading property expertise with proprietary technology to provide unparalleled levels of transparency, analytics and global reach, challenging the traditional process of marketing and transacting real estate. Our technology facilitates end-to-end online transactions, from listing to exchange of contracts.  To date BidX1 has sold over 20,000 properties through their digital platform, attracted visitors from 173 countries and buyers from 32 countries. A total value of £4 billion worth of property sold has been sold via our digital platform.  BidX1 currently operates in the UK, Ireland, and Cyprus, with further expansion into other European markets planned to meet the demand for an alternative to existing sale processes. BidX1 has a varied customer base, including multiple institutional investors, banks, listed vehicles, receivers, liquidators and propcos, as well as individual private sellers wishing to avail of the transparency and data that the digital platform provides.  Their innovative approach has earned them recognition in the form of a number of accolades, including the Irish Times' New Frontiers Award 2018 and the Investment Award 2018 at the Estates Gazette Tech Awards. BidX1 has also been shortlisted for Newcomer of the Year and Proptech Innovator of the Year at the Property Awards 2019 as well as for Proptech Company of the Year at the PROPS Awards 2019.
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