Lot 22 - Commercial Investment And Land With Potential
Kerneos Site, Grays, RM20 3NL
Guide Price: *
£800,000
Fees apply
Buyer's fee:Check legal pack
All fees include VAT at 20%
Holding Deposit: *£5,000
*Only charged if you are the successful buyer and goes towards the purchase price
Auction Type:
Traditional
Sold for:
£5,402,000Bid history
113 bidsPThis is an automatic bid as the bidder has set a maximum bid for this lot
23/03/2022 12:16:15 - £5,402,000
LThis is an automatic bid as the bidder has set a maximum bid for this lot
23/03/2022 12:16:15 - £5,400,000
PThis is an automatic bid as the bidder has set a maximum bid for this lot
23/03/2022 12:11:49 - £5,302,000
See all 113 bids â–¾
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
Joint Auctioneer
T Kinloch Esq, Kemsley LLP, 113 New London Road, CHELMSFORD, Essex, CM2 0QT, 01245 342032, tom.kinloch@kemsley.com
Summary
- Lot number
- 22
- Auction end
- 23rd Mar at 12:21
- Property type
- Commercial
- Tenure
- Ask Agent
- Bedrooms
- 0
- Bathrooms
- 0
- Council tax band
- Ask Agent
Summary
- Lot number
- 22
- Auction end
- 23rd Mar at 12:21
- Property type
- Commercial
- Tenure
- Ask Agent
- Bedrooms
- 0
- Bathrooms
- 0
- Council tax band
- Ask Agent
This property is being sold by:
Clive Emson - Essex, North & East London
01245 205778
First Floor, 129 New London Road, Chelmsford, Essex, CM2 0QT
†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.
Refreshing the Page
To make sure that you are seeing the latest information for the property, we recommend you refresh the page. This ensures you're seeing live information and not stored (cached) data. If the page disconnects from the Internet, refreshing the page will show the latest information.
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.