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Eley Rd 26,748 sq ft Industrial Unit Offered at £5,000,000 in London N18 3BB
Investment Highlights
- Ground and first floor warehouse space and secure private yard accessed via Kynoch Road (unit 1)
- Ground and first floor warehouse space, first floor office accommodation and secure private yard from the estate road (unit 2)
Executive Summary
Eley Business Park is situated at the junction between Eley Road and Kynoch Road within the well established Eley Industrial Estate in Edmonton, which forms part of the larger Lea Valley Industrial Area in the primary commercial area of the London Borough of Enfield. Occupiers in the immediate vicinity include Coca Cola, Access Self Storage, Howdens, CEF, Big Yellow Self Storage, Holland Bazaar and TOT Shirts. The unit has excellent road transport communications being situated off the north side of the North Circular Road (A406) and immediately east of its junction with Meridian Way (A1055). The A1055 extends between Tottenham Hale and the M25 Motorway (Junction 25) via Bullsmoor Lane is approximately 3.5 miles to the north. The M11 Motorway (Junction 4) is accessed via the North Circular Road (A406) approximately 3 miles to the east. Meridian Water Station, which is within 800m of The Estate, provides services (4 minutes journey time) to Tottenham Hale Station with its connections to London Underground (Victoria Line) and the Stansted Express with a travel time of just under one hour to Stansted Airport. London City Airport is approximately 8.5 miles distant
Property Facts
| Total Property Size | 26,748 sq ft | Typical Floor Size | 13,346 sq ft |
| Property Type | Industrial (Unit) | Year Built | 1968 |
| Property Subtype | Warehouse | Total Plot Size | 0.51 ac |
| Costar Property Class | B | Parking Allocation | 0.6/1,000 sq ft |
| Floors | 2 |
| Total Property Size | 26,748 sq ft |
| Property Type | Industrial (Unit) |
| Property Subtype | Warehouse |
| Costar Property Class | B |
| Floors | 2 |
| Typical Floor Size | 13,346 sq ft |
| Year Built | 1968 |
| Total Plot Size | 0.51 ac |
| Parking Allocation | 0.6/1,000 sq ft |
Amenities
- Security System
- Yard
- Roller Shutters
Utilities
- Water
- Sewer
1 Unit Available
Unit 1-2
| Unit Size | 26,748 sq ft | Unit Use | Industrial |
| Price | £5,000,000 | Sale Type | Investment |
| Price Per sq ft | £186.93 | Tenure | Freehold |
| Unit Size | 26,748 sq ft |
| Price | £5,000,000 |
| Price Per sq ft | £186.93 |
| Unit Use | Industrial |
| Sale Type | Investment |
| Tenure | Freehold |
Description
This substantial industrial / warehouse property was refurbished in 2015/6 and has loading via two roller shutter loading doors set within the front and rear elevations. Unit 1 incorporates a goods lift, while Unit 2 features an opening in the first floor to provide loading access via fork lift. Part of the first floor of Unit 2 also benefits from a high quality office fitout. Our client will consider proposals for the freehold interest subject to a new fully repairing and insuring lease to Forever Enterprises Limited at an initial rent of £375,000 per annum. The lease on will be for a 9 year term, with rent reviews at three yearly intervals and a mutual (Landlord & Tenant) break option at the expiration of the third year of the term (Landlord to give 12 months notice, Tenant to give 6 months notice). The new lease would exclude the security of tenure provisions afforded by the Landlord & Tenant Act 1954.
Sale Notes
Highly desirable and strategic industrial location. Sale and leaseback freehold investment for sale. Initial Rent: £375,000 pa. Site area: 0.52 Acres and gross internal area: 2,485 sq.m (26,749 sq.ft). Excellent communications via road and rail. Meridian Water Station within 800m. High specification office accommodation (Unit 2). Adjacent to Mollison Avenue and 500m to A406 North Circular Road. Secure private yards to front and rear. Load bearing first floor, goods lift and opening for fork-lift loading.
Presented by
Eley Rd
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