Freehold investment opportunity in Basildon, Essex

We’re excited to share this new freehold investment opportunity in Basildon, Essex.
 
Fresh on the market, Langdale House is a modern and well-specified unit of 17,088 sq ft. The property comprises of a detached, modern, purpose-built warehouse with adjoining two-storey offices, a secure yard and parking.
 
Located in the established Southfields Business Park, the unit has excellent access to Junction 29 of the M25 motorway and is just over a mile away from Laindon railway station, from which you can reach London Fenchurch Street in around 30 minutes. 
 
The property is let to AVL Powertrain UK Ltd on a full repairing and insuring lease which expires in late 2029. 
 
We are instructed to seek offers in excess of £3,950,000 (Three Million Nine Hundred and Fifty Thousand Pounds), subject to contract and exclusive of VAT.

A purchase at this level reflects a net initial yield of 6.36%, allowing for the purchaser’s costs of 6.53%.
 
For enquiries and further information, reach out to Philip Colman or Victoria Forster.