Industrial development for sale
Property description & features
- Tenure: Freehold
- New build commercial investment (Class E) available for sale, with accommodation extending 1,808sqft (GF) & 1 x car parking space
- Property is subject to an under lease with a global rice supplier and retailer, paying £42,000pax (£23psf) on a new 10 year FRI lease (expiring 2034)
- Lease is granted with ‘Wakka UK Ltd’ and includes a 6 month rent deposit
- Unit forms part of new build mixed use scheme by Fairview New Homes and is part of commercial hub of 6 x independent occupiers
- Guiding offers at £450,000 (£249psf & 9.3% gross yield) for the virtual freehold interest (999 year lease to be granted to purchaser)
Forms part of mixed-use scheme ‘Regency Heights’ completed by FNH comprising 807-new apartments and 6 x commercial units (all now occupied).
Property extends 1,808sqft (NIA) and is laid out entirely over the ground floor and includes 1 x car parking space (forming part of the occupational lease).
Unit is fully-let to established global rice supplier and retailer, paying £42,000pax on a 10-year term.
Subject property is well located on Lakeside Drive in Park Royal and forms part of Fairview New Homes’ Regency Heights regeneration scheme (807-apartments).
Unit is located amongst commercial hub (6 x units), which are all occupied and include Co-op, Park Royal Dental Clinic & Little Tigers Day Nursery.
The area benefits from excellent connectivity to transport links with Park Royal & Hangar Lane underground stations (0.6 miles away) providing access to Piccadilly & Central line trains.
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Broadband availability and predicted speed: obtained from Ofcom on January 9, 2023
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Super-fast: Between 30 Mbit/s and 300 Mbit/s
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Mobile phone signal availability and predicted strength: obtained from Ofcom on January 9, 2023
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Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
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Energy Performance data and Internal floor area
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