Modern High Yielding Mulit-Let Office Investment with Asset Management Angles
Summary
- Refurbished
- Cat A accommodation with generous communal space
- Raised floors
- Suspended ceilings with recessed LED lighting
- New air conditioning
- 8 person lift
- Kitchen
- Ground floor reception
- WC's on all floors
- Cycle storage
- Showers
- Parking ratio 1:280 sq ft
Accommodation
The accommodation comprises the following areas:
| Name | sq ft | sq m | Availability |
| Ground - Offices | 2,426 | 225.38 | Available |
| 1st - office | 13,480 | 1,252.33 | Available |
| 2nd - Office | 14,269 | 1,325.63 | Available |
| Total | 30,175 | 2,803.34 |
Location
Basildon is a major business centre in Essex, with a population of circa 187,600 and the second largest economy along the eastern section of the river Thames after Canary Wharf.
The town lies 26 miles east of Central London, 11 miles south of the city of Chelmsford and 10 miles west of the city of Southend-on-Sea. It was created as a new town after World War II in 1948, to accommodate the London population overspill.
Many of Basildon’s residents work in Central London, due to the town being well connected in the county to the City of London and the Docklands financial and corporate headquarters districts, with a 40 minute journey from the three Basildon stations with links into London Fenchurch Street.
Get directions from Google Maps
Mainline Stations
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Basildon23 mins
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Laindon31 mins
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Pitsea58 mins
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Billericay64 mins
Underground Station
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Shenfield116 mins
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Brentwood130 mins
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Ockendon156 mins
-
Upminster168 mins
Further Information
Rates Payable Upon Enquiry
EPC Rating This property has been graded as B
Description
The property comprises a three-storey office building which has recently been heavily refurbished and extended with works completed in late 2022. The landlord invested £5.3m on the capex or circa £140 psf. The original property has been substantially extended with a two-storey building to the rear providing office space totaling 38,330 sq ft of Cat A office accommodation with generous communal space.
Access to the property is via a secure electric gate into the car park. The property has excellent parking provision for 110 vehicles or 1:280 sq ft ratio.
Gallery
