• Size:
    11,325 sq ft / 1,052 sq m
  • Usage:
    B1, B2
  • Sale Type:
    To Let
  • Rental Income:
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  • Auction:
  • Development Opportunity:
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  • Tenanted:
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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