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Argall Ave
London E10 7FB
Industrial Property For Sale · 10,000 SF
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.
PROPERTY FACTS
| Unit Size | 10,000 SF | Building Class | B |
| No. Units | 1 | Floors | 1 |
| Total Building Size | 10,000 SF | Typical Floor Size | 10,000 SF |
| Property Type | Industrial (Condo) | Year Built | 1990 |
| Property Subtype | Warehouse | Lot Size | 126.16 AC |
| Sale Type | Investment or Owner User |
| Unit Size | 10,000 SF |
| No. Units | 1 |
| Total Building Size | 10,000 SF |
| Property Type | Industrial (Condo) |
| Property Subtype | Warehouse |
| Sale Type | Investment or Owner User |
| Building Class | B |
| Floors | 1 |
| Typical Floor Size | 10,000 SF |
| Year Built | 1990 |
| Lot Size | 126.16 AC |
1 UNIT AVAILABLE
Unit 35
| Unit Size | 10,000 SF | Sale Type | Investment or Owner User |
| Condo Use | Industrial | Tenure | Long Leasehold |
| Unit Size | 10,000 SF |
| Condo Use | Industrial |
| Sale Type | Investment or Owner User |
| 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.
AMENITIES
- Security System
- Skylights
- Automatic Blinds
- Storage Space
UTILITIES
- Water
- Sewer
