Modern Industrial Investment within a busy Business Park
Comprises 116.59 sq. m. (1,255 sq. ft.) of Industrial accommodation with forecourt parking
Excellent transport links
Outstanding 1st January 2022 Rent Review
Rolling landlord break option which could be of interest to Owner Occupiers
Established Business Park close to the A10 and North Circular (A406)
Densely populated mixed use area
Lot 34
Auction 22nd September 2022
Rent Gross: £16,500 per Annum
Status Sold Prior
Price
Sector Industrial, Warehouse
Auction Venue Live Streamed Auction
Property Information
Location
Miles
6 miles north-east of Central London, 4 miles north of Stratford
Roads
A406 North Circular, A12, M11
Rail
Blackhorse Road Overground and Victoria Lines
Air
London City, London Stanstead
Situation
Waltham Forest is a north-east London Borough approximately 4 miles from Central London. The area benefits from excellent transport links with the A406 North Circular and A12 intersecting the Borough providing access to Central London to the east and the M11 to the west providing access to the national motorway network. The area also benefits from Blackhorse Lane Overground and Victoria Underground lines. London City Airport is also approximately 10 miles to the south. The property is situated on the east side of Blackhorse Road, opposite it's junction with Priestley Way in a popular industrial location. Surrounding occupiers include an Esso Petrol Filling Station, Londis and Toolstation as well as a large number of local occupiers within the surrounding estate.
Tenure
Leasehold. The property is held under a head lease from Highams Lodge Management Limited for a term of 125 years from 31/05/2013 to 30/04/2138 at a fixed £1 per annum ground rent.
Location
Miles
6 miles north-east of Central London, 4 miles north of Stratford
Roads
A406 North Circular, A12, M11
Rail
Blackhorse Road Overground and Victoria Lines
Air
London City, London Stanstead
Situation
Waltham Forest is a north-east London Borough approximately 4 miles from Central London. The area benefits from excellent transport links with the A406 North Circular and A12 intersecting the Borough providing access to Central London to the east and the M11 to the west providing access to the national motorway network. The area also benefits from Blackhorse Lane Overground and Victoria Underground lines. London City Airport is also approximately 10 miles to the south. The property is situated on the east side of Blackhorse Road, opposite it's junction with Priestley Way in a popular industrial location. Surrounding occupiers include an Esso Petrol Filling Station, Londis and Toolstation as well as a large number of local occupiers within the surrounding estate.
Tenure
Leasehold. The property is held under a head lease from Highams Lodge Management Limited for a term of 125 years from 31/05/2013 to 30/04/2138 at a fixed £1 per annum ground rent.
Description
Unit 5 comprises a ground floor industrial unit within a larger industrial building. In addition, the property benefits from forecourt parking at the front of the property and a roller shutter door entrance.
Highams Lodge is a development of some 16 light industrial units upon which Unit 5 only is being offered for sale.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
Unit 5 comprises a ground floor industrial unit within a larger industrial building. In addition, the property benefits from forecourt parking at the front of the property and a roller shutter door entrance.
Highams Lodge is a development of some 16 light industrial units upon which Unit 5 only is being offered for sale.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas Approx sq m
Floor Areas Approx sq ft
Tenant
Term
Rent p.a.x.
Rent Review/ (Reversion)
Ground
Industrial
116.59
(1,255)
INDIVIDUAL (t/a Sphynx Vehicle Repairs)
3 years from 01/01/2021 until 31/12/2023 (1)
£16,500
01/01/2022 (2) (Landlord rolling break option on 3 months' notice)
(1) Please note the lease is contracted Outside of the Landlord Tenant Act 1954. (2) The rent is to be reviewed against the Open Market Rent as of the review date. The rent review is outstanding as the review date was the 1 January 2022.
If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
