Hotel Development Opportunity Close To London Gateway For Sale

Business description

One of the most exciting opportunities Essex has witnessed since the arrival of the M25! The offer comprises an existing 30,000 sq.ft. fitness centre with function rooms licenced for 500 people. Detached 9 en-suite Motel. Planning permission for additional 40,000 sq.ft. of mixed accommodation of retail and leisure space. The Thames Gateway is recognised as the largest regeneration zone in Western Europe with the creation of 200,000 new homes & 80,000 new jobs by 2016. The logistics park will be the largest in Europe with 860,000 square metres of accommodation. London Gateway will be the UK?s first 21st Century major deep-sea container port.

The Location:
Corringham, part of Stanford Le Hope Essex, the latter being the location where Dubai Port is developing a £400-million ($744 million) contract to build the first phase of a new container port. The property is strategically located to take maximum advantage from the overall development. London Gateway is going to be the most technically advanced container port in the world integrated with Europe?s largest logistics park. This is the first major contract to be awarded in the £1.5 billion project, scheduled to be built over the next 10 to 15 years. The 1,500-acre site is just 25 miles from central London on a former Shell Haven oil refinery site near Thurrock and the Lakeside Shopping & Leisure complex.

Potential:
Planning Permission was granted for an additional 40,000 sq.ft. comprising a mixed retail & leisure use.

Rates:
The 2010 VOA valuation was of Sports Centre & Premises with a Rateable Value of £49,000.

Property information

Property:

Freehold

Location:

Property:
The property comprises an existing detached building of some 30,000 sq.ft. housing a fully equipped Gymnasium, Squash Courts, Changing & Shower/Locker Rooms, Function Rooms with ancillary Kitchens, Offices and Reception. In addition, an existing Motel. The plot extends to approx 2 acres with substantial car parking areas and a number of outbuildings, as well as an outdoor Pool.