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193 London Rd 26,283 sq ft Industrial Property Staines TW18 4HR £4,250,000 (£161.70/sq ft) 2.06% Net Initial Yield



INVESTMENT HIGHLIGHTS
- Great local amenities
- Staines train station less than a mile from the site
- Direct access to the A30
EXECUTIVE SUMMARY
The entire site is fully let under two separate lease agreements (both outside the Landlord & Tenant Act 1954): 1. Warehouse Unit Tenant - Car Dealership Rent - £45,000pax Term - Expiry 01/02/26 2. Yard Area Tenant - Ford Motor Company Rent - £42,500pax Term - Expiry 26/01/26.
Planning Consent Granted: Approved by Spelthorne Borough Council on 19 September 2024 reference: 23/01524/FUL Consent Description: ‘Permission granted for the demolition of the existing vacant trade counter and storage/industrial unit, and the construction of a new steel portal frame structure featuring insulated metal-clad facades and brickworth plinth’ 42,000sqft of storage space across three floors 14,000sqft GIA with 8.1m eaves to underside haunch 14 designated parking spaces
Planning Consent Granted: Approved by Spelthorne Borough Council on 19 September 2024 reference: 23/01524/FUL Consent Description: ‘Permission granted for the demolition of the existing vacant trade counter and storage/industrial unit, and the construction of a new steel portal frame structure featuring insulated metal-clad facades and brickworth plinth’ 42,000sqft of storage space across three floors 14,000sqft GIA with 8.1m eaves to underside haunch 14 designated parking spaces
PROPERTY FACTS
| Price | £4,250,000 | Costar Property Class | C |
| Price per sq ft | £161.70 | Total Plot Size | 0.63 ac |
| Sale Type | Investment | Net Internal Area (NIA) | 26,283 sq ft |
| Yield | 2.06% | No. Floors | 2 |
| Tenure | Freehold | Year Built | 2015 |
| Property Type | Industrial | Tenancy | Single |
| Price | £4,250,000 |
| Price per sq ft | £161.70 |
| Sale Type | Investment |
| Yield | 2.06% |
| Tenure | Freehold |
| Property Type | Industrial |
| Costar Property Class | C |
| Total Plot Size | 0.63 ac |
| Net Internal Area (NIA) | 26,283 sq ft |
| No. Floors | 2 |
| Year Built | 2015 |
| Tenancy | Single |
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193 London Rd
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