FOR SALE

Station Road, Upminster RM14 2SJ

Offers in excess of £2,000,000

Description

The property comprises a 2-storey commercial unit located to the front of the site occupied by Costa Coffee, a car MOT centre with under croft service area and front and rear parking area.

The existing buildings on site extend to approximately 7,319 sq.ft. (680 sq.m.) with the covered under croft service area extending to 1,878 sq.ft. (174.5 sq.m.), the overall site area extends to 0.34 acres.

The property can be accessed via either Station Road to the front or Wilson Close to the rear.

The property is let on separate agreements outside the L&T Act producing £60,000 p.a. in total; both agreements can be terminated with 6 months’ notice.

Location

The property is located on Station Road in Upminster. The local authority is The London Borough Of Havering.

The immediate area comprises a mixture of commercial and residential uses.

Upminster station is located a 2 minute walk (0.2 miles) from the property offering both London Underground (District Line), Overground and C2C services.

Journey times include London Fenchurch Street in 25 minutes and London Victoria in 58 minutes.

Planning & Development Potential

The property, which is located with the London Borough of Havering, benefits from Sui Generis Use (MOT Centre) and A1 Retail Use (Costa Coffee).

The property offers potential for comprehensive redevelopment by way of either a fully residential or mixed-use scheme, subject to obtaining the necessary consents.

A pre-application process is due to be undertaken with the Local Authority, which will seek feedback on two design options, which would deliver either 40 or 41 apartments plus 5,000 sq.ft. of commercial space.

The site is also suitable for continued commercial uses which benefit from a highly visible frontage on a busy East-London High Street.

Tenure

The property will be sold freehold.

VAT

The property is not elected for VAT.

Terms

Offers are invited in excess of £2,000,000

Additional Information

Further information including planning documents are available in the dataroom using access code ‘Upminster’.


Disclaimer - Kingsbury on its own behalf and on behalf of the Owner / Landlord of this property whose agent Kingsbury is, gives notice that this document does not constitute any form of contract for sale or lease. Statements should not be relied upon, and interested parties are advised to satisfy themselves as to the correctness of each statement. Kingsbury is the trading name of Kingsbury Investment & Development Consultants Ltd registered in England No: 06869268.


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  • Car repair centre and retail premises extending to 7,319 sq.ft. situated on a 0.34 acre site
  • Let on short term agreements to a MOT station and Costa Coffee, producing a combined rent of £60,000p.a.
  • Development proposals for mixed use schemes providing 40 or 41 residential apartments and High Street retail space
  • Located within walking distance of Upminster Underground station (District Line)
  • Offers are invited in excess of £2,000,000

To discuss this opportunity further, please contact Jordan Oldfield or Chris Incledon on 020 7183 2529

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