Greenshields Industrial Estate and Bradfield Road_Imóvel à venda

Knights Road, London, E16 2AU, UK

Greenshields Industrial Estate and Bradfield Road

Descrição

The subject property is located in the Borough of Newham in East London, off North Woolwich Road (A 1020) in the heart of the Royal Docklands, approximately 3 miles east of the City of London, and just over a mile west of City Airport. Industrial estates and industrial land are increasingly a rarity in the locality as large scale residential development encroaches, and Ballymore propose to develop the area to the east of Bradfield Road.

The property comprises three distinct components as follows:

Units 1-24 Greenshields industrial Estate

Constructed circa 1982, the Greenshields Industrial Estate comprises circa 28,628 sq ft GIA arranged as four terraces with Unit 1 being a detached unit, within a secure fence approached from Bradfield Road. Unit sizes range from 760 sq ft to 1,671 sq ft. Units are built of steel frame, with brick and steel cladding elevations, and pitched roofs incorporating translucent panels, each unit having a loading door. Communal yards are concreted offering loading areas and car parking.

2-4 Bradfield Road

This element comprises an open site, with frontages to both Knights Road and Bradfield Road. It is hard surfaced and surrounded by a secure fence.

6 Bradfield Road

6 Bradfield Road comprises an open site, unsurfaced, and accessed from Bradfield Road.

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Atributos

Área de construção líquida

2.660 m²

Ano de construção

1982

Área de terreno bruta

1,34 ha

Número de unidades

Media

Destaques do investimento

INVESTMENT SUMMARY

· Key Inner London industrial location in the heart of London Docklands

· A mile west of City Airport and 3 miles east of the City of London

· Comprising a 28,628 sq ft, 24 unit industrial estate, a long leased site and a development site with a landlord’s break clause for development

· Freehold

· A contiguous site of 3.264 acres (1.32 ha)

· Producing a net income of £318,984 pa, with an ERV of circa ££442,514 pa, reducing to circa £400,000 pa at the next headrent review on Greenfields Industrial Estate in December 2027.

· Longer term potential for change of use

Our clients are seeking offers in the region of £5,000,000 subject to contract and exclusive of VAT for their freehold and subtenancy interests, showing a net initial yield of 5.92% after normal costs of acquisition, with a reversion to circa 8.3%, and following the December 2027 rent review on the long leasehold, circa 7.5%.