Ajax Industrial Estate Hertford Road, off North Circular Road (A406) Barking London IG11 8DY

Ajax Industrial Estate
Hertford Road, off North Circular Road (A406)
Barking
London
IG11 8DY

  • Ajax Industrial Estate<br>Hertford Road, off North Circular Road (A406)<br>Barking<br>London<br>IG11 8DY

Substantial Freehold Industrial Estate Investment

  • Prominent Fully Let East London Industrial Estate
  • 5 Industrial Warehouse Buildings and Yard
  • 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
    17/Feb/2022
  • Rent
    £222,604 per Annum Exclusive
  • Status
    Withdrawn Prior
  • Price*
     
  • Sector
    Industrial/Warehouse
  • Auction Venue
    Live Streamed Auction
Important Update
  • Expand
  • Photos
  • Map

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

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.

Property Documents

  • Brochure
    Updated Date
    28.01.22
    File Size
    4 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
Alexander AuteracAlexander Auterac +44 (0)20 7034 4859 +44 (0)7713 135 034alexander.auterac@acuitus.co.uk
Associate AuctioneersPanayiotis Themistocli 07973 856 232Panayiotis.Themistocli@agg.uk.com
Seller's Solicitors
Gunnercooke LLP 1 Cornhill
London
EC3V 3ND
Sam Rosenthal 07941613379sam.rosenthal@gunnercooke.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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