Unit 14, The Gloucesters, Crompton Close Basildon, Essex SS14 3AZ
THE PROPERTY
Location Estimated District Population: 172,000 Miles: 15 miles west of Southend-on-Sea 20 miles east of Cental London
Roads: A13, A127, M25
Position The property is located in an established commercial area of Basildon, benefiting from excellent access to the A127, Southend Arterial Road via Miles Gray Road and Upper Mayne, which in turn, connects with the M25 (Junction 29) approximately 8 miles to the west. Pipps Hill Retail Park is located close to the subject property.
Nearby: Basildon Echo, Fords, First Data, Konica, B&Q, Argos, Burger King and CarphoneWarehouse
Description WAREHOUSE/OFFICES arranged on the ground and first floors, forming part of a larger development known as The Gloucesters. The property benefits from parking to the front and a service road to the rear.
Tenure Long Leasehold for a term of 999 years from 29th September 1982 at a peppercorn.
(1) The property is occupied by IOT (Holdings) plc, who were recently acquired by Sharp Electronics UK.We understand that IOT plc have been in occupation of the property since 1983. Sharp Electronics (UK) Ltd is involved in the development and manufacture of electronic equipment. The company employ more than 57,500 staff, of which nearly half are employed outside Japan. Its products are distributed to nearly 164 countries worldwide. For the year 03/10, Sharp Electronics (UK) Limited, reported a total turnover of £523.6 million, pre-tax profits of £9.2 million, and a net worth of £80.6 million. (Sources: One Source One-Stop Report and www.iotplc.com) (2) Areas provided by the Vendor.
The Special Conditions of Sale and a legal pack are available from the Seller’s Solicitors and are available online at www.cbre.co.uk/auctions. Seller’s Solicitor Shranks Solicitors. t: 0207 831 6677. e: bm@shranks.co.uk Ref: B Milburn Esq.
CROMPTON CLOSE
For identification purposes only – please see title documentation.