Office, Rayleigh, SS6
£108.56 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
12,896 sq ft
1,198 sq m
- SECTOR
Office for sale
Description
Seize this exceptional investment opportunity in the thriving town of Rayleigh. This industrial office block totals approximately 14,583 sq. ft. across three suites is now available for sale, offering a lucrative total rental income of £127,000 per annum providing an 8.5% yield. Positioned in a in a high-demand business area in Rayleigh, with excellent transport links and a strong local economy, this property promises substantial returns and long-term growth potential. The property is fully leased to established and reputable tenants, ensuring consistent and reliable rental income. These versatile office spaces cater to a range of business needs.
Location
Situated in a well established industrial estate, offering fantastic transport links directly onto the A127.
Lease Terms
Tenant 1
Occupy the ground floor with a lease until 23rd June 2031 at a rental of £47,000 per annum exclusive, with a rent review on 24th June 2026. This tenant has occupied the suite since 1999 and undertook a substantial refurbishment of approximately £100,000 just last year. Due to this investment along with them renting a 40,000 sq. ft. unit next door, we assume their intentions are to be there long term.
Tenant 2
Occupy the first floor front with a lease until October 2031 at a rental of £25,000 per annum exclusive, with rent reviews in November 2025 & 2028. This tenant has occupied the suite since 2022 and undertook a refurbishment of approximately £40,000 when taking on the lease.
Tenant 3
Occupy the first floor rear and the entire second floor with a lease until September 2029 at a rental of £55,000 per annum exclusive, fixed for the remainder of the lease term.
Parking
The property benefits from ample parking, with 17 spaces that are secured with a barrier entrance and a further 6 spaces outside of the barrier make a total of 23 parking spaces.
Service Charge
There is a service charge payable by the tenants including buildings insurance which is paid in addition to the above-mentioned rental amounts. Don't miss out on this prime investment opportunity, for further details please do not hesitate to contact us!
Business Rates
The rateable values of the suites are split as follows; ground floor £39,250; first floor front £28,000; first floor rear and second floor £49,250.
Legal Costs
Each party are to be responsible for their own legal costs incurred in the transaction.
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.
Office, Rayleigh, SS6
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Rayleigh Station0.9 miles
- Hockley Station2.8 miles
- Leigh-on-Sea Station2.8 miles
Notes
Disclaimer - Property reference RX397669. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Gilbert and Rose Commercial, Essex Commercial. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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