This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
Argall Ave
10,000 SF Industrial Unit Offered at £725,000 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.
Property Facts
| Price | £725,000 | Sale Type | Investment or Owner User |
| Unit Size | 10,000 SF | Building Class | B |
| No. Units | 1 | Number of Floors | 1 |
| Total Building Size | 10,000 SF | Typical Floor Size | 10,000 SF |
| Property Type | Industrial (Unit) | Year Built | 1990 |
| Property Subtype | Warehouse | Lot Size | 126.16 AC |
| Price | £725,000 |
| Unit Size | 10,000 SF |
| No. Units | 1 |
| Total Building Size | 10,000 SF |
| Property Type | Industrial (Unit) |
| Property Subtype | Warehouse |
| Sale Type | Investment or Owner User |
| Building Class | B |
| Number of 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 | Unit Use | Industrial |
| Price | £725,000 | Sale Type | Investment or Owner User |
| Price Per SF | £72.50 | Tenure | Long Leasehold |
| Unit Size | 10,000 SF |
| Price | £725,000 |
| Price Per SF | £72.50 |
| Unit 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
- Roof Lights
- Roller Shutters
- Storage Space
Utilities
- Water
- Sewer
-
Adam Diamant -
Charles Newland -
Land Commercial Surveyors
Presented by
Argall Ave
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.