Tenants Include Well Established Engineering Companies
Total Approximate Site Area of 0.96 Acres (6)
Approximate Site coverage or 42%
Adjacent to North Circular Road (A406)
Longer term redevelopment potential (Subject to Consents)
Lot 13
Auction 17th February 2022
Rent £222,604 per Annum Exclusive
Status Withdrawn Prior
Price
Sector Industrial/Warehouse
Auction Venue Live Streamed Auction
Property Information
Location
Miles
11 miles east of Central London
Roads
A406, A13, M11, A12, M25
Rail
Barking Underground and Mainline Station
Air
London City Airport, London Stansted Airport, London Southend Airport, London Heathrow Airport
Situation
The East London Borough of Barking & Dagenham is some 6 miles east of City of London continues to see substantial residential and commercial investment. Barking benefits from being approximate 4 miles east of London Docklands and Stratford's Olympic City.
The property is situated on the east side of Hertford Road immediate adjacent to London's North Circular Road (A406) and its junction with the A124 Barking Road. Neighbouring occupiers include Selco Builders Warehouse, Big Yellow Self Storage, Wickes and Regus.
Tenure
Freehold.
Location
Miles
11 miles east of Central London
Roads
A406, A13, M11, A12, M25
Rail
Barking Underground and Mainline Station
Air
London City Airport, London Stansted Airport, London Southend Airport, London Heathrow Airport
Situation
The East London Borough of Barking & Dagenham is some 6 miles east of City of London continues to see substantial residential and commercial investment. Barking benefits from being approximate 4 miles east of London Docklands and Stratford's Olympic City.
The property is situated on the east side of Hertford Road immediate adjacent to London's North Circular Road (A406) and its junction with the A124 Barking Road. Neighbouring occupiers include Selco Builders Warehouse, Big Yellow Self Storage, Wickes and Regus.
Tenure
Freehold.
Description
The property a substantial industrial estate of approximately 0.96 Acres (6). Comprises 5 industrial warehouse buildings with a site coverage of 42%.
The property may benefit from longer term development potential, subject to consents.
Note
The Special Conditions of Sale provide for the Buyer to pay to the Seller a sum in addition to the purchase price. Please see the Special Conditions of Sale which is available in the Seller’s solicitors Legal Pack.
Completion Period
Six week completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property a substantial industrial estate of approximately 0.96 Acres (6). Comprises 5 industrial warehouse buildings with a site coverage of 42%.
The property may benefit from longer term development potential, subject to consents.
Note
The Special Conditions of Sale provide for the Buyer to pay to the Seller a sum in addition to the purchase price. Please see the Special Conditions of Sale which is available in the Seller’s solicitors Legal Pack.
Completion Period
Six week completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Unit
Floor
Use
Floor Area (Approx)
Tenant
Term
Rent p.a.x.
Review / (Reversion)
1
Ground First
Warehouse
409.14 sq m 72.34 sq m
(4,403 sq ft) (778 sq ft)
ALDERSBROOK ENGINEERING LIMITED (1)
3 years from 20/05/2019 (5)
£53,764
(20/05/2022)
2
Ground
Warehouse
197.08 sq m
(2,121 sq ft)
INDIVIDUAL
6 years from 24/05/2019 (5)
£25,440
(23/05/2025)
3
Ground First
Warehouse
153.79 sq m 166.61 sq m
(1,655 sq ft) (1,793 sq ft)
INDIVIDUAL
5 years from 15/02/2021
£48,000
(14/02/2026)
4
Ground Mezzanine
Warehouse
452.85 sq m 50.58 sq m
(4,874 sq ft) (544 sq ft)
BONLEA ENGINEERING LIMITED (2)
3 years from 30/05/2019 (5)
£60,300
(29/05/2022)
5
Ground
Warehouse
194.93 sq m
(2,098 sq ft)
TRANSFLOW INTERNAITONAL LIMITED
10 years from 18/05/2018 (3) (5)
£35,000
17/10/2023 (17/10/2028)
Strip of Land
INDIVIDUAL
99 years from 14/09/1979
£100
(13/09/2078)
Total Approximate Floor Area
1,696.32 sq m
(18,266 sq ft) (4)
£222,604
(1) Alderbrook Engineering Limited is a precision machining company specialising in high quality, high precision machined part established in 1989. (2) Bonlea Engineering Limited are specialists in engineering, structural steel and pipework fabrication for various industries established in 1975. (3) The lease provides the tenant the option to determine the lease on 17/10/2023 (4) The floor areas stated above have been provided by the Seller. (5) The leases are outside of the Security of Tenure provisions of the Landlord and Tenant Act 1954. (6) The site area stated above has been taken from a previous valuation of the property.
If you are the successful bidder, Acuitus requires a separate payment of £1,250+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
