FIVE WELLS, GRAYS, ESSEX RM17 6XR BLOCK FORWARD PURCHASE OPPORTUNITY Five Wells, Grays, 2 Essex RM17 6XR EXECUTIVE SUMMARY • Centrally located in Grays Town Centre within a five minute • There will be 20 on site car parking spaces. walk of Grays Station. • Practical completion expected in August 2019. • Direct trains to London Fenchurch Street in 32 minutes. • The entire development comes with a six year CML • An opportunity to forward purchase an entire newly compliant warranty. developed block of 26 flats. • We are instructed to seek offers in excess of£5,600,000 • The development will provide 12 x 1 bed, 13 x 2 bed and 1 x 3 (Five Million and Six Hundred Thousand Pounds), subject bed with a total net saleable area of 14,513 sq ft. to contract. Five Wells, Grays, 3 Essex RM17 6XR LOCATION Grays is the largest town in the borough of Thurrock, situated in the county of Essex. The town is 20 miles east of London on the northern side of the River Thames and has a population in the region of 40,000 residents. Housing is considerably more affordable in Grays than in the outer boroughs of the capital, making it a popular destination. Grays is well served by public transport, Grays Railway Station supplies direct access into London Fenchurch Street in 32 minutes and buses operate to many locations including Basildon, Purfleet and Aveley. With excellent road links, the A13 and M25 motorway are both within 2 miles of Grays and provide further access to Essex and Greater London. The Dartford Crossing is situated 3.5 miles to the west and is the busiest estuarial crossing in the UK. Two of the largest shopping centres in the county – Lakeside and Bluewater Shopping Centre can both be accessed by bus and car. Both centres provide a high standard of retail, entertainment and dinning. KEY: Five Wells, Grays, Essex RM17 6XR Five Wells, Grays, 4 Essex RM17 6XR SITUATION The subject property is located in a prime position in the heart of the town centre. Just 0.4 miles north of the property is Grays Railway London Fenchurch Lakeside Shopping Grays Railway London Stansted Street - 32 minutes Centre - 2.5 miles Station - 5 minutes Airport - 37 miles Station which provides access into the City of London and Southend-on-Sea. Southend-on-Sea - Dartford Crossing - Grays Shopping London Gatwick 37 minutes 3.5 miles Centre - 10 minutes Airport - 39 miles Grays Shopping Centre is situated 0.5 miles to the north east of the property and holds 45 stores including Iceland, Poundland, Barclays and Wilko. GRAYS REGENERATION In 2017 Thurrock Council secured a multi-million-pound government funding for the regeneration of Grays town centre over the next decade. The project will concentrate on six hubs: Purfleet, Grays, Lakeside and West Thurrock, Tilbury, London Gateway and Thames Enterprise Park, the developments include: • Improvements to Grays Beach • New rail line crossing • Development of a new theatre • Improving the road system • Building more than 4,500 new homes - Creating over 1,600 new jobs. Five Wells, Grays, 5 Essex RM17 6XR ACCOMMODATION SCHEDULE Flat No No of beds Floor Build Type GIA (sq ft) GIA (sq m) 1 2 Ground Conversion 580 53.71 2 1 Ground Conversion 350 32.54 3 1 Ground Conversion 352 32.74 4 1 Ground Conversion 373 34.71 5 1 Ground Conversion 349 32.44 6 2 Ground Conversion 466 43.29 7 1 Ground Conversion 415 38.53 8 1 Ground Conversion 403 37.41 9 1 Ground Conversion 453 42.06 10 1 Ground Conversion 483 44.9 11 2 Ground Conversion 574 53.31 12 1 Ground Conversion 350 32.54 13 1 Ground Conversion 352 32.74 14 1 Ground Conversion 373 34.71 15 1 Ground Conversion 349 32.44 16 2 Ground Conversion 543 50.44 17 2 Second Conversion 633 58.83 18 2 Second New Build 646 60.01 19 2 Second New Build 646 60.01 20 2 Second New Build 753 70.01 21 2 Second New Build 807 75 22 2 Second New Build 807 75 23 2 Second New Build 546 50.75 24 2 Second New Build 650 60.42 25 2 Second New Build 787 73.13 26 3 Second New Build 1474 137 TOTAL 14,513 1,348.67 Five Wells, Grays, 6 Essex RM17 6XR PROPOSAL SPECIFICATION We are instructed to seek offers in excess of Draft specification available on request. £5,600,000 (Five Million and Six Hundred Thousand Pounds), subject to contract. EPC PRACTICAL COMPLETION Available on practical completion. Practical completion is expected in August 2019. CONTACT For further information or to arrange a viewing, please contact the sole agents: Daniel Minsky Chaim Aziz [email protected] +44 (0)207 266 8500 +44 (0)20 7266 8500 +44 (0)7970 824 292 +44 (0)7866 466 526 [email protected] www.estate-office.com DISCLAIMER: The particulars are set out as a general outline only for the guidance of intended purchasers or lessees and do not constitute or constitute part of an offer or contract. All descriptions, dimensions, reference to condition and necessary permissions for use and other details are given without responsibility and any intending purchasers or tenants should not rely on them as statements or representations of fact, but must themselves by inspection or otherwise as to the correctness of each of them. No person in the employment of Estate Office has an authority to make or give any representation or warranty whatsoever in relation to this property. Feb-19..