1 & 3 Orsett Road, Grays, Essex, RM17 5DA
FREEHOLD COMMERCIAL INVESTMENT
Tuesday, 15th December 2020 12:00pm
BY ORDER OF B TOBIN & P JOSEPH AS LPA RECEIVERS
A pair of properties comprising two ground floor shops with internal access via No. 1 Orsett Road to first floor offices. The property benefits from parking to the rear of the property which is reached via Brooke Road. On the north side of the A126 Orsett Road, adjacent to The Old Courthouse Business Centre and near to the junction with the High Street where there are a variety multiple retailers. Grays railway station is within ¼ mile.
No. 1 Orsett Road:
Ground Floor Shop: 770 sq ft (71.5 sq m)
First Floor Offices: 1,103 sq ft (102.4 sq m)
No. 3 Orsett Road:
Ground Floor Shop: 666 sq ft (61.8 sq m)
The entire property is let on a repairing and insuring lease to Sequence (UK) Ltd (by way of assignment) for 10 years from 09.10.2013 at £32,250 p.a.
EQUIVALENT TO £32,250 p.a.
1. No. 3 Orsett Road is sub-let to Kayode Adelekan (t/a Kays's Barber Shop) from 12.02.2018 to 01.10.2023 at £15,000 p.a.
Auction Surveyor: Robert Woolfe - 020 8509 4408