Edmonton, London N18 3QW

  Ref 024493    

Edmonton, London N18 3QW

Ref 024493

  • £2,422,500  

    For Sale

    £2,422,500  

    For Sale

  • 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.

    Gallery

    Areas

    Unit 15A - Quality Vehicle Mgmt Ltd - 2,800 sq ft Unit 15B - Daljit Singh - 2,625 sq ft Unit 15C - Ventorn Ltd - 2,600 sq ft Unit 15D - Mayfair Cobblers Ltd - 3,300 sq ft Total area - 11,325 sq ft

    Tenure

    Freehold

    Terms - £2.422.500 which represent a net yield of 5% after allowing for the usual purchase costs

    Location

    Situated on the Lea Valley Trading Estate which is accessed directly off the North Circular Road (A406) at Edmonton. Meridian Water Railway Station is located approximately 1 mile away and provides connections to Tottenham Hale (5 mins) and London Liverpool Street (15 mins) to the south and Hertford East (40 mins) to the north. Rail access is also available through the Lea Valley commuter lines, which connect Enfield to hubs such as Stratford and Liverpool Street to the South and Cheshunt, Stansted Airport and Cambridge to the North. In addition, the latest proposals for Crossrail 2 would create a new high-speed north-south rail service calling at several Enfield stations, encouraging significant future investment.

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    For Sale

    £2,422,500