High yielding industrial investment FOR SALE
The properties form part of an established and popular industrial estate lying to the West of Whalebone Lane (A1112). The A12 is only 1.1 miles distant and the A13 approx 3 miles away. Chadwell Heath Train Station is just over 1 mile from the premises.
Two detached units as follows:
Alfabess Works – Detached steel portal frame construction incorporating elevations of brick/blockwork and metal cladding above and to roof. Full height loading door to front and internal office, mezzanine, toilets and staff facilities. The eaves height is approximately 3.0m rising to approximately 4.9m at the apex. There is ducted heating, overhead “Ambirad” style heating, sawdust extraction and three phase electricity.
Glomont Works – Detached, with part rendered brick elevations beneath a steel truss corrugated asbestos roof with natural lighting being provided by translucent roof panels. A solid fuel burner heats this unit and the adjoining property. There is also dust extraction, 3-phase power, a gas supply and internal toilet. Loading is provided via a full height loading door to front elevation. The eaves height is approximately 3.3m.
Externally, there is private parking to front and rear as shown on the attached plan for identification purposes only. The premises benefit from a right of way over the property to the front.
Accommodation The approximate gross internal floor area is:
Alfabess Works 4450 sq ft (413 sq m)
Mezzanine 675 sq ft (62.8 sq m)
Sub total 5125 sq ft (476 sq m)
Glomont Works 2094 sq ft (195 sq m)
Total 7219 sq ft (671 sq m)
Freehold for sale subject to lease below.
The tenant has agreed to enter into a new full repairing and insuring lease for eight years, subject to static or upward only rent review on expiry of the fourth year of the term. Initial rent £46,000 pax (£7 per sq ft).
The tenant, Dovetailed Designs Ltd (Company no. 04799514) are carpentry/joinery manufacturers established 2003. Previously trading as Heritage Joinery (London) Ltd, the company has occupied the premises for over 20 years. A payment history is available on request.
Offers in excess of £475,000 are sought. A purchase at this level represents a return of 9.24% allowing for costs at 4.8%. We understand that the sale is not subject to Vat.
Each party is to be responsible for the payment of their own legal costs incurred.
Energy Performance Certificate
An EPC has been arranged and will be available on request.
All figures quoted are exclusive of Vat (if applicable)
No warranty is given in respect of the current planning use.
None of the amenities or fixtures and fittings have been tested.
Please contact sole agents Branch Associates on 01708 860696/ 07775 804842 or firstname.lastname@example.org