Freehold industrial investment for sale - comprising 4 industrial units constructed in the 1970s, which are all let on full repairing and insuring 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 the following specification:-
Full height level access electronically operated loading doors
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 four tenants generating a total rental income of £128,500 per annum, 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
Property size: 11325 sqft (1052 sqm)