Edmonton, London N18 3QW
Ref 024493
Edmonton, London N18 3QW
Ref 024493
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Description
4 industrial units constructed in the 1970s, which are all let on FRI leases as per the tenancy schedule on marketing particulars. Constructed of steel portal frame beneath a pitched steel clad roof with part profile metal clad/part brick elevations. The units benefit from full height level access electronically operated loading doors and hardstanding loading area to the front of each unit, The site extends to 0.28 acres 0.11 hectares) providing a site coverage of 92%. Multi let to 4 tenants generating a total rental income of £128,500 pa, reflecting a low average rent of £11.35 per sq ft. Attractive AWULT of 3.2 years to expiry. Opportunities to add substantial value by exploring lease re-gears/rental growth. Prime rents now stand in excess of £27 per sq ft in North London and are projected to continue on an upward trajectory, largely due to a lack of supply of quality industrial stock.
The COVID-19 pandemic has highlighted how vital the industrial sector is to end consumers and supply chains. Industrial has remained resilient throughout the last 12 months, largely down to surges in e-commerce.
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