The property is situated in the predominantly residential area of Leyton Midland, some 4 miles north east of the City of London. Leyton has seen significant growth and development since the 2021 London Olympics were hosted less than 1 mile south of the property.
The development of the Olympic Village and Westfield Shopping Centre in place of the historic Industrial Estates has seen a shortage of Industrial accommodation in East London and has helped drive a higher level of demand for Industrial units in East London. The Eurostar Engineering Depot is some 700m west of the property, the Olympic Park, Westfield Shopping Centre & Stratford Village are 1.5 miles to the south and the London Docklands & the City of London are both 4 miles from the property.
Tenure
Freehold.
Location
Miles
1.5 miles south of Walthamstow, 1.5 miles north of Stratford, 4 miles north east of the City of London, 4 miles north of London Docklands
The property is situated in the predominantly residential area of Leyton Midland, some 4 miles north east of the City of London. Leyton has seen significant growth and development since the 2021 London Olympics were hosted less than 1 mile south of the property.
The development of the Olympic Village and Westfield Shopping Centre in place of the historic Industrial Estates has seen a shortage of Industrial accommodation in East London and has helped drive a higher level of demand for Industrial units in East London. The Eurostar Engineering Depot is some 700m west of the property, the Olympic Park, Westfield Shopping Centre & Stratford Village are 1.5 miles to the south and the London Docklands & the City of London are both 4 miles from the property.
Tenure
Freehold.
Description
The property is within an inner London Industrial Estate comprising 2 terraces, each with 3 units. The industrial units each benefit for a vehicle access loading bay door and an eaves height of approximately 3.2 metres (10 foot). The property comprise 4 of the unit s as 2 of the units have been removed from the title and are not included in the sale.
VAT
VAT is not applicable to this lot.
Note
This property is being marketed for sale on behalf of LPA Receivers and therefore no warranties, representations or guarantees are given or will be given in respect of the information in this brochure or any matter relating to the property, including VAT. Any information provided is provided without liability for any reliance placed on it and the Receivers are acting without personal liability. The Receivers are not bound to accept the highest or any offer.
Completion Period
Six week completion
EPC
See Legal Pack
Description
The property is within an inner London Industrial Estate comprising 2 terraces, each with 3 units. The industrial units each benefit for a vehicle access loading bay door and an eaves height of approximately 3.2 metres (10 foot). The property comprise 4 of the unit s as 2 of the units have been removed from the title and are not included in the sale.
VAT
VAT is not applicable to this lot.
Note
This property is being marketed for sale on behalf of LPA Receivers and therefore no warranties, representations or guarantees are given or will be given in respect of the information in this brochure or any matter relating to the property, including VAT. Any information provided is provided without liability for any reliance placed on it and the Receivers are acting without personal liability. The Receivers are not bound to accept the highest or any offer.
Completion Period
Six week completion
EPC
See Legal Pack
Tenancy & Accommodation
Units
Floor
Use
Floor Areas Approx sq m (1)
Floor Areas Approx sq ft (1)
Tenant
Term
Rent p.a.x.
Rent Review (Reversion)
Unit 1
Ground Mezzanine
Industrial Ancillary
209.70 35.15
(2,257) (378)
INDIVIDUAL
300 years from 25/03/1981 until 2279
£3,900
24/03/2021 and 5 yearly (24/03/2279)
Unit 2
Ground Mezzanine
Industrial Ancillary
211.72 46.46
(2,279) (500)
INDIVIDUAL
300 years from 25/03/1981 until 2279
£3,500
24/03/2021 and 5 yearly (24/03/2279)
Unit 3
Ground
Industrial
213.48
(2,298)
INDIVIDUAL (t/a Titan Forge)
300 years from 25/03/1981 until 2279
£3,900
24/03/2021 and 5 yearly (24/03/2279)
Unit 4
Ground Mezzanine
Industrial Ancillary
208.58 197.60
(2,245) (2,127)
INDIVIDUAL
300 years from 25/03/1981 until 2279
£3,965
24/03/2021 and 5 yearly (24/03/2279)
Total Approximate Floor Area
1,122.69
(12,085)
£15,265
(1) The floor areas stated above are those published by the Valuation Office Agency (https://www.tax.service.gov.uk/business-rates-find/results)
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.
