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Freehold Investment Opportunity With Development Potential

Five Wells, West Street, Essex, RM17 6XR
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Property description

Situated close to the centre of Grays is this freehold self-contained office building with secure parking. The building is currently arranged in three main parts - a three storey hexagonal central section with access to two side road-fronting sections. Both side sections are accessed via the central section which contains a main reception area with cloakroom/W.C.s, stairwell and lifts to all floors.

Grays is situated in the Thames Gateway area approximately 25 miles to the east of Central London which can be accessed via the A13 and mainline railway station from Grays into London (Fenchurch Street). The property itself is located close to the centre of the town and adjacent to South Essex College Campus.

Planning
We are advised that the property has B1 Office Use. The building may suit other business uses or conversion to residential dwellings, subject to the necessary consents being obtainable. Interested parties are advised to make their own enquiries with the Local Planning Authority, Thurrock Council. Tel: 01375 652652. Website: thurrock.gov.uk.

Accommodation
The main central part of the building has a ground floor reception area with cloakrooms/W.C.s, stairwell and lift access to all floors. To the first and second floor there is office space.

The East Wing
This section is currently arranged as ground and first floor private offices and meeting rooms with some additional larger open plan areas at first floor level.

The West Wing
This section is currently arranged as further office and meeting rooms at ground floor level with a glazed door accessing the car park. At first floor level there is a further office with skylights into the roof.

Outside
To the rear of the property there is a secure car park accessed via West Street with marked parking spaces. In addition, and accessed from the ground floor level in the car park there is a garage.

Auctioneer’s Note 1
At the time of publication the Auctioneers have been unable to internally inspect the property. These details have been provided by the Seller and interested applicants should rely on their own investigations to verify the information provided.

Auctioneer’s Note 2
For information relating to the commercial element’s rateable value and other available data go to www.tax.service.gov.uk/view-my-valuation/search and enter the postcode for the property into the appropriate search field.

Tenancy
Occupation by The National Probation Service will remain for a maximum period of twelve months, with a rolling break option at nil rent. Please refer to the legal documents for further information.

Maps

Traditional auction

Exchange occurs at the end of the auction. This means that if the reserve is met or exceeded and the auction timer reaches zero, the successful bidder is legally obliged to pay the purchase price and the seller will be legally obliged to sell the property. To ensure that the successful bidder proceeds, the buyer is automatically charged a holding deposit, which is held in a secure client account, pursuant to the terms of a holding deposit agreement.

* Pricing information

The Guide Price amount specified is an indication of each seller's minimum expectation. It is not necessarily the amount at which the property will sell. Each property will be offered subject to a Reserve (a figure below which the property will not be sold) which we expect will be set no more than 10% above the Guide Price amount.

Bamboo Auctions and Clive Emson Auctioneers shall not be liable for any inaccuracies in the fees stated on this description page, in the bidding confirmation pop up or in the particulars. Buyers should check the contents of the legal pack and special conditions for accurate information on fees. Where there is a conflict between the fees stated in the particulars, the bid information box above or the bidding confirmation pop up and the contents of the legal pack, the contents of the legal pack shall prevail.

Stamp Duty Land Tax or Land and Buildings Transaction Tax may also apply in some circumstances.

Disclaimer

All information relating to this property, including descriptions, pictures and other related information has been provided by Clive Emson Auctioneers. All legal documents in relation to this property have been provided by the Vendor's solicitor. Neither Bamboo Auctions or any individual in employment with Bamboo Auctions makes any warranty as to the accuracy or completeness of any of the property information.
These particulars do not form part of any contract or offer. Buyers should not rely on them as statements of representation and should check that the information is correct by inspection or otherwise. Where there is a conflict between the contents of the legal documents and these particulars, the information contained in the legal documents shall prevail.

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