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Unit 35 Forest Business Park 10,000 sq ft Industrial Unit Offered at £695,000 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.
1 Unit Available
- Unit
- Unit Size
- Unit Use
- Price
- NOI
| Sale Type | Investment or Owner Occupier | Tenure | Long Leasehold |
| Sale Type | Investment or Owner Occupier |
| 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.
Rates Payable £22,418 p.a.
| Unit | Unit Size | Unit Use | Price | NOI |
| Unit 35 | 10,000 sq ft | Industrial | £695,000 (£69.50/sq ft) | - |
Unit 35
| Unit Size |
| 10,000 sq ft |
| Unit Use |
| Industrial |
| Price |
| £695,000 (£69.50/sq ft) |
| NOI |
| - |
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Unit 35
| Unit Size | 10,000 sq ft |
| Unit Use | Industrial |
| Price | £695,000 (£69.50/sq ft) |
| NOI | - |
| Sale Type | Investment or Owner Occupier |
| 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.<br> <br> Rates Payable £22,418 p.a.</li></ul> |
Property Facts Sale Pending
The following property facts, amenities, and utilities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Property Size | 10,000 sq ft | Typical Floor Size | 10,000 sq ft |
| Property Type | Industrial (Unit) | Year Built | 1990 |
| Property Subtype | Distribution Warehouses | Total Plot Size | 0.65 ac |
| Costar Property Class | C | Parking Allocation | 0.38/1,000 sq ft |
| Floors | 1 |
| Total Property Size | 10,000 sq ft |
| Property Type | Industrial (Unit) |
| Property Subtype | Distribution Warehouses |
| Costar Property Class | C |
| Floors | 1 |
| Typical Floor Size | 10,000 sq ft |
| Year Built | 1990 |
| Total Plot Size | 0.65 ac |
| Parking Allocation | 0.38/1,000 sq ft |
Amenities
- Security System
- Skylights
- Roller Shutters
- Storage Space
Utilities
- Water
- Sewer
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Unit 35 Forest Business Park
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