Light Industrial

Freehold light industrial unit let to a private individual on a 12-year lease from 2020 at £5,520 p.a. with review due October 2026. Market rent estimated at £11,000–£11,500 p.a. Approx. 1,323 sq. ft. in total with yard/parking. Located on the established Charfleets Industrial Estate. Excellent investment with strong rental growth potential.

Location

The property is situated on Cambria Close, within the well-established Charfleets Industrial Estate on Canvey Island. Charfleets is the main commercial and industrial hub of the island, providing excellent access to local road networks, including links to the A13 and A130 for routes into Southend, Basildon, and the wider Essex area. The estate is home to a mix of local and national occupiers, making it a strong business location with consistent demand for industrial units.

The Property

End-terrace light industrial/warehouse unit of brick and profile sheet construction. Roller shutter loading door and separate pedestrian access. Ground floor accommodation of approx. 1,117 sq. ft. including workshop/warehouse space, office, WC, and ancillary areas. First floor office/storage accommodation of approx. 206 sq. ft. Total area: 1,323 sq. ft. (approx.) Externally, the unit benefits from a forecourt area suitable for loading, parking, and yard space. A Parcel of land to the side of the premises is also included within the title which is currently being used for extra parking. This area does house a gas meter and are advised is not suitable for an extension to the main building.

Tenancy

Tenant: Private individual Lease Term: 12 years from 2020 Rent Passing: £5,520 per annum Rent Review: Next due October 2026 Market Rent Estimate: £11,000 – £11,500 per annum, offering potential for significant uplift at review.

Tenure

Freehold sale at £179,995

Legal Costs

Each party shall be responsible for their own legal costs incurred

Disclaimer

Whilst every care is taken to ensure that these particulars are correct, accuracy is no way guaranteed and none of the information supplied forms part of any contract. Acceptance of these particulars constitutes a contract to the effect that all negotiations for the business or property will be made through Gilbert & Rose otherwise the purchaser will be equally responsible with the vendor for damages equal to the amount of our commission.