Unit 6, 7 & 8, Twelvetrees Business Park Bow London E3 3JQ

Unit 6, 7 & 8, Twelvetrees Business Park
Bow
London
E3 3JQ

Freehold Central London Industrial and Office Investment

  • Approximately 921.57 sq m (9,920 sq ft) in a prominent industrial location
  • Let until 2023 (subject to option)
  • Includes three central London units close to Stratford and the Docklands
  • Nearby occupiers include Sainsbury's, Amazon and Menzies Distribution
  • Lot
    78
  • Auction
    24th May 2018
  • Rent
    £125,400 per Annum Exclusive
  • Status
    Sold Prior
  • Price
     
  • Sector
    Industrial/Warehouse
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
Important Update
  • Expand
  • Photos
  • Map

* More information on the term "guide" can be found here

Freehold Central London Industrial and Office Investment

  • Approximately 921.57 sq m (9,920 sq ft) in a prominent industrial location
  • Let until 2023 (subject to option)
  • Includes three central London units close to Stratford and the Docklands
  • Nearby occupiers include Sainsbury's, Amazon and Menzies Distribution
  • Lot 78
  • Auction 24th May 2018
  • Rent
  • Status Sold Prior
  • Price  
  • Sector
    Industrial/Warehouse
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

Property Information

Location
Miles
1.5 miles north-east of Canary Wharf, 4 miles east of The City of London
Roads
A12, A13, M25, M11
Rail
Bromley-by-Bow Underground, West Ham DLR, West Ham Railway Station
Air
London City Airport, Stansted Airport, Heathrow Airport
Situation

The property is prominently located in a well established and popular industrial and commercial location some 4 miles east of the City of London. The property is situated equidistant between the London Docklands, with Canary Wharf the UK’s No. 1 financial hub outside of the City of London, and the new Stratford city with major commercial and residential developments on the Olympic Park and the new major Westfield Shopping Centre. The A12 dual carriageway is approximately 500 metres away, allowing access to the A406 North Circular Road and M25 Motorway. The wider estate includes major Prologis buildings and occupiers such as Amazon and Sainsbury’s and Menzies Distribution
units.

Tenure

Freehold.

Location
Miles
1.5 miles north-east of Canary Wharf, 4 miles east of The City of London
Roads
A12, A13, M25, M11
Rail
Bromley-by-Bow Underground, West Ham DLR, West Ham Railway Station
Air
London City Airport, Stansted Airport, Heathrow Airport
Situation

The property is prominently located in a well established and popular industrial and commercial location some 4 miles east of the City of London. The property is situated equidistant between the London Docklands, with Canary Wharf the UK’s No. 1 financial hub outside of the City of London, and the new Stratford city with major commercial and residential developments on the Olympic Park and the new major Westfield Shopping Centre. The A12 dual carriageway is approximately 500 metres away, allowing access to the A406 North Circular Road and M25 Motorway. The wider estate includes major Prologis buildings and occupiers such as Amazon and Sainsbury’s and Menzies Distribution
units.

Tenure

Freehold.

Description

The property comprises a terrace of three industrial units which forms part of a larger industrial estate totalling 8 units. Each unit comprises ground floor industrial/workshop accommodation with a height of 4.40m (14.44 ft) and a complete floor of offices benefiting from A/C and suspended ceilings. The first floor offices can be accessed directly without entering the industrial accommodation.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises a terrace of three industrial units which forms part of a larger industrial estate totalling 8 units. Each unit comprises ground floor industrial/workshop accommodation with a height of 4.40m (14.44 ft) and a complete floor of offices benefiting from A/C and suspended ceilings. The first floor offices can be accessed directly without entering the industrial accommodation.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x Review/(Reversion)
Ground

First
Workshop/
Industrial
Office
461.83 sq m

459.46 sq m
(4,971 sq ft)

(4,945 sq ft)
MEDICAL
SERVICES
LIMITED (1)
8 years from
12/11/2015 (2)
£125,400 12/11/2019
(11/11/2023)
Total
921.29 sq m
(9,916 sq ft)
    £125,400  

(1) For the year ending 31st December 2016, Medical Services Limited, now known as FALCK UK Ambulance Service Limited, reported a turnover of £33,544,000, a pre-tax loss of negative £9,594,000 and a net worth of negative £4,953,000 (Source: Experian Group 07/02/2018). Falck operates within four business areas: healthcare, assistance, safety services and emergency. It was founded in 1906 and now has 35,000 employees in 46 countries (Source: http://www.falck.com/en/).
(2) The lease is subject to a tenant option to determine on 12/11/2020.
(3) The seller and the tenant have an agreement for the tenant to pay the seller the sum of £84,992.01 plus 20% per annum plus VAT for works undertaken to the property. This sum is being paid monthly at a rate of £11,531.12 plus VAT until the end of the lease term. The seller will assign the seller’s rights under this agreement to the buyer on completion of sale.

Property Documents

  • Catalogue Page
    Updated Date
    08.11.19
    File Size
    2 MB
    View PDF
  • Site Plan
    Updated Date
    08.11.19
    File Size
    1 MB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060 519john.mehtab@acuitus.co.uk
Seller's Solicitors
Harold Benjamin Hill House, 67-71 Lowlands Road
Harrow
Middlesex
HA1 3EQ
020 8864 7530
Ray Oshry 020 8442 5678ray.oshry@haroldbenjamin.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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