Thornham Grove Industrial Estate, Leyton London E16_Property for Sale

Thornham Grove, London, E15 1DN, UK

Thornham Grove Industrial Estate, Leyton London E16

Asset Description

Last-Mile Freehold Industrial Estate

The property comprises a multi-let industrial/warehouse estate of 15 units, arranged in five terraces, and constructed late 1970’s/ early 1980’s of portal frame with steel clad elevations, and a pitched roof incorporating translucent panels. In total the estate provides a total 34,065 sq ft (3066 sq m) with individual unit sizes ranging from 934 sq ft – 4,798 sq ft (84.1 – 431.8 sq m), as detailed in the schedule of undertenancies below. Yards are of concrete with tarmacadam access roads. The site area comprises 2.9 acres (1.17 ha) though it is anticipated that a cycle path may require part of the frontage to Leyton Road.

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Attributes

Building area gross

3,165 m²

Number of units

NOI

€239,000

Occupancy

100%

Tenure

Freehold

Media

Investment Highlights

Located midway between Stratford and Leyton in the Borough of Newham, with an extensive frontage to the A112
Swift access to the A406 North Circular Road/M11 junction, thereby the M25, the A12 and A13
Multi-let industrial/warehouse estate of 34,065 sq ft (3066 sq m) in 15 units, ranging from 934sq ft - 4798 sq ft on a 2.9 acre site
Let on a lease with 53.75 years unexpired at a peppercorn Freehold and subtenancy (99 yrs less 3 days) interests for sale
Let to 13 tenants on 14 tenancies, producing a gross rent of £578,250pa ERV considered circa £785,000 pa
Net rental income currently £198,250 pa.
Offers are invited for the freehold and subtenant interests.