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For Sale property id: 52176470
USD 11,514,292 Mortgage Calculator
GBP 9,300,000
  • 2652.38 m²
  • Land Size
    4905.28 m²
  • View
    City view
  • Orientation
    East

Description

We have a unique opportunity for a potential investor to acquire a multi-let business space and industrial/warehouse investment in a key Greater London area.

• A modern estate of 18 units totalling approximately 28,550 sq ft (2,652.4 sq m) GIA.

• Strategically located close to J9 of the M25 with access to the national motorway network.

• Fully let to 16 tenants with an average weighted unexpired lease term of approximately 3.8 years and 2.0 years to breaks.

• Current rental income of £497,792 per annum exclusive, equating to £17.44 per sq ft (£187.68 per sq m).

• Recent lettings of Units 8 and 9 equate to £19.42 per sq ft with potential to increase the rent to £556,725 pa, i.e £19.50 per sq ft which reflects the current market rental value.

• Site extends to 1.213 acres (0.491 hectares).

• Let to a range of SMEs with tenants including Stulz UK, Trafag (UK) and Stego UK.

• Freehold.

• The property is elected for VAT.

• Offers are invited in excess of £9,300,000 (Nine Million Three Hundred Thousand Pounds) for the freehold interest, subject to contract and exclusive of VAT. Buyer fees of 2% plus VAT apply.

• A purchase at this level would reflect a net initial yield in the region of 5% after allowing for purchaser’s costs of 6.65%, with a capital value of £326 per sq ft.

• When adopting market a rental value of £19.50 per sq ft, the potential reversionary yield increases to 5.6%.

What's Nearby?

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Close to major motorway, Modern Warehouses, Modern Office Space

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