Lot 22

COMMERCIAL INVESTMENT AND LAND WITH POTENTIAL

Kerneos Site, London Road, Purfleet, Grays, Essex, RM20 3NL
Kerneos Site, London Road, Purfleet, Grays, Essex, RM20 3NL
Sold £5,402,000

Currently let at £40,000 per annum

This area of land between London Road and the River Thames is mostly overgrown but gives access via a roadway to works to the east of the site. The works also occupy the Clinker Pad (see further details below). Furthermore, there is a section of land in the bottom left-hand corner adjoining the River Thames that is sold off on a 199-year lease. The two sections of land either side of the railway line are connected by a road bridge, which is subsequently situated below another railway bridge crossing the site.

The land may offer potential for alternative uses, subject to all necessary consents being obtainable.

Site Measurements

The site extends to approximately 5.8 hectares (14.36 acres).

Local Planning Authority

Thurrock Council. Tel: 01375 652652. Website: thurrock.gov.uk.

Tenancy

Clinker Pad, highlighted yellow on the plan, is let for a period of 10 years from 28th March 2018 at a current rent of £40,000 per annum. This area of land is approximately 2.35 acres. The area highlighted blue on the plan is sold on a long lease for 199 years from 28th March 2008 at a peppercorn rent. This area is approximately two acres in size.

Viewing

On site during daylight hours and at the sole risk of the viewer. Care must be taken to avoid trespass en-route.

Freehold with Part Vacant Possession

Important

All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers Solicitors), together with the Addendum, which will be available on Auction Day.

* Price Information

Guides are provided as an indication of each Seller’s minimum expectation. They are not necessarily figures at which a property will sell for and may change at any time prior to Auction. Unless stated otherwise, each Lot will be offered subject to a reserve (a figure below which the Auctioneer cannot sell the Lot during the Auction).

We expect the reserve will be set within the guide range or no more than 10% above a single figure guide. Please check our website regularly at cliveemson.co.uk, or contact us on 01622 608400, in order to stay fully informed with the up-to-date information.

Additional Fees

An Administration fee and Other non-optional fees may also be payable in addition to the bid price. All lots are offered subject to the Common Auction Conditions and Special Conditions of Sale or Revised Special Conditions of Sale (as applicable) and may include the repayment of search and other fees and or costs payable by the buyer.

All buyers are advised to inspect all available legal documentation prior to bidding and will be deemed to fully understand what they may be liable for if they are successful in purchasing. This should also include Stamp Duty, Land Registry fees and VAT which may become payable on completion in line with any property transaction, whether it is by auction or private treaty. If, as a buyer, you are in doubt you should seek advice from your own professional advisors. For more information on fees please go to cliveemson.co.uk/buyers-fees/