Industrial Warehouse Sale and Leaseback

Long income, single-let industrial opportunity. Strategically located in Basildon, benefiting from excellent road connectivity with access to M25 J9 via the A127. The property comprises an industrial warehouse with a self-contained yard, totalling approximately 51,744 sq ft (GIA). 2.57 acre site with a site cover of 45% of industrial accommodation. Let to Power Adhesives Limited (who will take a leaseback on completion of the sale) on a 15 year Full Repairing and Insuring (FRI) lease, subject to a schedule of condition. Passing rent of £500,000 per annum, which reflects £9.66 per sq ft. WAULT of 15 years to expiry. The surrounding area is popular with industrial, logistics, retail warehouse and trade counter, occupiers including Yodel, DX Freight, Amazon and Hermes.