Your email has been sent.
Argall Ave 10,000 SF Industrial Condo Unit in London E10 7FB
INVESTMENT HIGHLIGHTS
- Long leasehold investment
- Peppercorn ground rent
- Currently 63 years unexpired with option to extend by a furhter 26 years.
- Let and income producing for approximately 20 years
EXECUTIVE SUMMARY
Long leasehold investment currently with 63 years left to run at peppercorn ground rent. The leaseholder can extend the lease by a further 26 years if they wish to create an 89 year long leasehold interest. The property has been let and income producing to Stapletons who have been trading there for approximately 20 years with a current annual rental income of £37,692 p.a.x., with a rent review due in April 2024. The site is around 10,000 sqft (not measured). Rates payable £22,418 p.a.
PROPERTY FACTS Sale Pending
| Total Building Size | 10,000 SF | Typical Floor Size | 10,000 SF |
| Property Type | Industrial (Condo) | Year Built | 1990 |
| Property Subtype | Distribution | Lot Size | 0.65 AC |
| Building Class | C | Parking Ratio | 0.38/1,000 SF |
| Floors | 1 |
| Total Building Size | 10,000 SF |
| Property Type | Industrial (Condo) |
| Property Subtype | Distribution |
| Building Class | C |
| Floors | 1 |
| Typical Floor Size | 10,000 SF |
| Year Built | 1990 |
| Lot Size | 0.65 AC |
| Parking Ratio | 0.38/1,000 SF |
AMENITIES
- Security System
- Skylights
- Automatic Blinds
- Storage Space
UTILITIES
- Water
- Sewer
1 UNIT AVAILABLE
Unit 35
| Unit Size | 10,000 SF | Sale Type | Investment or Owner User |
| Condo Use | Industrial | Tenure | Long Leasehold |
| Unit Size | 10,000 SF |
| Condo Use | Industrial |
| Sale Type | Investment or Owner User |
| Tenure | Long Leasehold |
DESCRIPTION
For Sale, long leasehold investment currently with 63 years left to run at peppercorn ground rent. The leaseholder can extend the lease by a further 26 years if they wish to create an 89 year long leasehold interest. The property has been let and income producing to Stapletons who have been trading there for approximately 20 years with a current annual rental income of £37,692 p.a.x., with a rent review due in April 2024. The site is around 10,000 sqft (not measured). The property is offered FOr Sale on assignment of the existing lease.
Rates Payable £22,418 p.a.
Presented by
Argall Ave
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.