Thornham Grove Industrial Estate, Leyton London E16
Thornham Grove, London, E15 1DN, UK
3,165 m²
Asset Description
Well-Let Mission Critical Freehold Open Storage
The property is situated with a considerable road frontage on the west side of the A112, midway between Stratford and Leytonstone, in an area dominated by residential uses including high rise, and with further industrial uses further south, including the Thornham Grove Industrial Estate and Trade Park with occupiers including Dulux Decorators Centre.
The property comprises two contiguous yard areas, within a secure yard fence, and surfaced with concrete. Two buildings front Leyton Road, comprising a two storey office block, constructed circa early 1980’s of brick, and an industrial/warehouse block of similar age, constructed of steel portal frame, with brick/blockwork elevations, pitched roof with translucent panels, with a single roller shutter loading door. There is a canteen block to the rear, with an open fronted lean-to.
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Attributes
NOI
SGD 683,000
Tenants
Air Liquide Ltd
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
- Secure open storage yard with ancillary office and warehouse buildings, comprising circa 0.4 ha (1 acre) with 782 sq m (8419 sq ft) of built accommodation
- Let to Air Liquide Ltd as its centre for bottling and storing industrial gases serving London and the South East Freehold
- Let on two leases expiring 2040 and 2042 at rents geared to 20% of “full rental value”, last reviewed in 2020 and 2022 respectively, and totalling only £54,350pa
- ERV considered circa £400,000 pa
- Offers are invited for the freehold interest
Contact brokers
160 Leyton Road & 5 Henrietta Street (0 Properties)
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Last updated
8 Aug 2024
