The property comprises a prominently positioned industrial investment opportunity extending to approximately 0.42 acres (18,523 sq ft), with a warehouse unit of 6,905 sq.ft with utilities connected.
Location
Tilbury is the main freight terminal for London on the River Thames, serving as a major freight hub for the southeast of England. Additionally, Tilbury is also home to the London International Cruise Terminal and the only cruise terminal directly accessing London via the Thames. The area has excellent access to the national road network via a dual carriageway link to the A13 and on to Junction 30/31 of the M25 London Orbital Motorway approximately five miles to the west. This will be further enhanced by the construction of the Lower Thames Crossing tunnel which is due to start construction in 2026.
VAT
All prices and premiums are exclusive of VAT under the Finance Act 1989.
Rating
From enquiries made of the VOA, we are advised that the property has a current Rateable Value of £47,250. Interested parties are advised to make their own enquiries of the relevant local authority.
Legal Costs
Each party to bear their own legal costs incurred in this transaction.
EPC
The property has an EPC rating of D-97.
Tenure Comments
Freehold - The property is occupied by Tilbury Trading Ltd, who are currently holding over. Proposed terms have been put forward for a new 5-year lease, contracted outside the security of tenure provisions of the Landlord and Tenant Act 1954, at a new rent of £59,000 per annum, exclusive.. The proposed new lease is currently awaiting approval.