No longer on the market
This property is no longer on the market
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Property
Key information
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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