Thornham Grove Industrial Estate, Leyton London E16
Thornham Grove, London, E15 1DN, UK
3 165 mètres carrés
Description de l'actif
Description
The property comprises a single let warehouse and 1st floor offices totalling 40,678 sq ft. Externally there is a secure fenced yard area, which provides a generous lorry and car parking provision.
The asset is of steel portal frame construction and benefits from 1 level access door and 7 dock loading doors, with an 8m clear eaves height. The tenant has recently undertaken a substantial capex programme, which includes installing 11 electric chargers and a new alarm and security systems.
Site Area
The total site area is 1.77 acres (0.72 hectares).
Tenure
Long Leasehold (Leasehold Title Number: EGL341853) at a ground rent of £0.05 per annum.
The ultimate Freeholder is London Borough of Newham (Title Number: EGL4384).
EPC
The property benefits from an EPC rating of C.
EPC certificate can be made available upon request.
We are instructed to seek offers in excess of £16,590,000 for our client’s long leasehold interest, subject to contract and exclusive of VAT. A purchase at this level reflects a Net Initial Yield of 4.50% (net of acquisition costs of 6.80%) and a Reversionary Yield in excess of 5.75% based off our conservative opinion of ERV.
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Attributs
Superficie du bâtiment brute
3 779 mètres carrés
Superficie du terrain brute
0,72 ha
Nombre d'unités
1
Média
Points forts de l'investissement
- Ultra Urban Logistics warehouse located in the popular Zone 3 London area of Silvertown, adjacent to London City airport.
- Immediate access to the A12/ A13 road network, providing direct access to Central London.
- Last Mile storage facility totalling 40,678 sq ft of warehouse accommodation, with a secure open storage yard. The total site area comprises 1.77 acres (0.72 ha).
- Let to Harrow Green Limited on an FRI lease expiring 30th January 2032 at a passing rent of £797,500 per annum, reflecting a low rental rate of £19.61 per sq ft.
- The lease is subject to Open Market Rent Reviews, with the Next Review on 31st January 2027.
- Prime Quoting Rents in the Silvertown area are now in excess of £30.00 per sq ft, demonstrating the asset’s reversionary potential.
- Long Leasehold (c.171 years unexpired at a ground rent of £0.05 per annum).
Contactez les courtiers
Restore - Silvertown, City of London (0 Propriétés)
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Dernière mise à jour
9 déc. 2024
